Dr. Roy Cordato reminds us to be wary of economic impact studies that only tell part of the story. To properly assess the impact of any economic activity, whether it’s…
Price-gouging laws are another instance of “fixing” a problem by making it worse. Here is a video from Art Carden that explains. Simply put, after a disaster, a (temporarily) high price acts like…
This is coming from somebody who took umbrage (because I can’t get offended) to playing basketball in church. Thought I, I could play sports anywhere on the planet, but there…
Thomas Donlan‘s latest editorial commentary for Barron’s focuses on the basic economic concept of scarcity, applying that concept to pharmaceutical prices. High prices for prescriptions have been worrying Americans for…
In this Freeman piece, Max Borders takes on another cliche of progressivism — that because resources are scarce, government must step in to manage them.
Econ professor Sandy Ikeda has done it again — another sharp Freeman column exploring mistaken economic thinking. This time he observes that politicians usually ignore the fact of scarcity and…
Saturday’s Wall Street Journal ran the excerpt below from Professor Robert Higgs’ new book Delusions of Power. It’s as clear a refutation as you’ll ever find of the essential error…
It is not because of the supposed gloom that comes from understanding that scarcity means we have to make trade-offs. Rather, as Professor David Levy of George Mason explains in…
In today’s Pope Center piece Jane Shaw writes about an event we sponsored last Friday, bringing together several econ profs to share their ideas on how to make the subject…
Joe, that Marxist preschool Lego indoctrination stuff is both shocking and sadly predictable. Our educational establishment has confused managing conflict with eliminating it, even if it means teaching children demonstrably…
It seems the only thing that’s worse than scarcity to socialists is plenty. Look at all the fretting over “sprawl,” our “consumer culture,” &c. I guess it’s hard to play…