And Now, For Some Pedantry

Tom Woods refutes a (possible) straw man:

(2) He thinks private ownership is a form of “central planning.” (This guy has his own show?) Central planning involves (1) the direction of resources in the absence of property rights, or (2) orders handed down to resource owners by non-owners. Neither applies in the case of . . . → Read More: And Now, For Some Pedantry

Restraining Capitalism

I was talking to a preacher buddy of my dad’s a while ago, discussing my future plans, and I told him how I wanted to be an economist.  Being a free-market apologist who had the audacity to challenge him on his favorable views of unions (from a historical perspective), he felt compelled to tell . . . → Read More: Restraining Capitalism

Frontiers of Across-Silo Thinking in Indian Finance

India has long operated a `silo system’ where the financial industry was sought to be broken up into vertical silos associated with regulatory agencies. The word `regulation’ is relatively little understood in India. Instead, there has been a central planning notion of comprehensive `control’ of a given financial firm vesting in a given regulator, . . . → Read More: Frontiers of Across-Silo Thinking in Indian Finance

The Father Of Macroeconomics

June 5th is the birthday of John Maynard Keynes, a brilliant economist whose influential work during the 1930’s changed the course of history. He has had a great deal of influence on generations of economists, including advisers to our current president and congress. It’s too bad he was wrong in virtually all of his . . . → Read More: The Father Of Macroeconomics

Health Care – A Crisis Of Central Planning

Central planning in healthcare is destroying health care. The solution is not more central planning, but less. . . . → Read More: Health Care – A Crisis Of Central Planning