Here's a non-rocket science question: If you expect a reduced harvest of wheat, corn, rice or any other commodity some time in the future, what would be the wise thing to do about your consumption today? I bet that the average person would answer: Consume less now so that more will be available in the future. But how in the world can people be encouraged to consume less now? ... MORE
VIDEO: Fight of the Century: Keynes vs Hayek Round 2
Brilliant new economics hip-hop music video by John Papola and Russ Roberts at http://EconStories.tv.
Steve Chapman: Why Birtherism Is Here To Stay
On Oct. 22, 1844, thousands of followers of American evangelist William Miller woke up expecting Jesus Christ to make his triumphant return that day, as they had been told. That night, they went to bed, surprised and disappointed. But Miller's movement endured. It was too much to expect that birthers, presented with President Barack Obama's birth certificate, would say: ... MORE
Barack Obama, The Cereal Killer
Administration seeks to protect citizens from their liberty. Food companies are being asked to cut down massively on advertising fatty snacks to children and teenagers. In an attempt to control America's growing childhood obesity epidemic, the long-awaited guidelines, released today by the Obama administration, put pressure on suppliers to rethink how they ... MORE
Labels:
bureaucracy,
choice,
control,
government,
individualism,
liberty,
Obama,
regulation,
statism
Don't Let The Debt Get In The Way Of The Party
by Mark Steyn. The other day Paul O'Neill said that ... Oh, wait. I suppose I ought to explain who Paul O'Neill is. A decade ago, he was George W. Bush's first Treasury secretary. I have no very clear memory of him except that he toured Africa with Bono and they were photographed in matching tribal dress looking like Col. Gadhafi's Mini-Me twins at a Tripoli sleepover. Other than the dress-up fun, ... MORE
Labels:
budget,
debt,
debt ceiling,
economics,
Federal Reserve,
government,
politicians,
power,
spending
The Radicalness of Ayn Rand's "Atlas Shrugged"
If you’ve seen the new "Atlas Shrugged" movie but haven’t yet read the book, you may be wondering what the novel itself has to offer. For most people, reading "Atlas Shrugged" is an unforgettable experience. The story is gripping, involving numerous mysteries and unexpected but logical plot twists. The characters are unique--what other book features a philosopher ... MORE
VIDEO: Thomas Sowell - Political Issues
Professor Sowell observes the modern day linkage of education and politics in America.
Steve Chapman: Taking Taxpayers For A Ride
It's often been said of Barack Obama that his policies are "data driven"—meaning that whatever his ideological inclinations, he pays attention to dispassionate analysis of real-world evidence. His approach was a refreshing contrast to George W. Bush and John McCain, with their ostentatious reliance on gut instinct. This administration gives due deference to nerds. ... MORE
John Stossel: Government Creates Poverty
The U.S. government has "helped" no group more than it has "helped" the American Indians. It stuns me when President Obama appears before Indian groups and says things like, "Few have been ignored by Washington for as long as Native Americans." Ignored? Are you kidding me? They should be so lucky. The government has made most Indian tribes wards of the state. Government manages their land, provides their ... MORE
Ronald Bailey: Cyberwar is Harder Than It Looks
The Internet's vulnerability to attack has been exaggerated. In wartime, combatants often attempt to disrupt their enemies' supply systems, generally by blowing them up. Modern life is made possible by a set of tightly interconnected systems supplying us with electricity, water, natural gas, automobile fuels, sewage treatment, food, finance, telecommunications, and emergency response. All of ... MORE
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