Forty years ago, on October 9, 1974, the Nobel Prize committee announced that the co-recipient of that year’s award for economics was the Austrian economist, Friedrich A. Hayek. Never was there a more deserving recognition for one of the truly great free market thinkers of modern times.
A new book by French economist Thomas Piketty on “Capital in the Twenty-First Century” has recently caused a major stir on the opinion pages of newspapers and magazines. Piketty has resurrected from the ash heap of history Karl Marx’s claim that capitalism inescapably leads to a worsening unequal distribution of wealth with dangerous consequences for human society.
Economics · Featured · Liberty · Random · Taxes
Barack Obama is finishing his fifth year as president, and continues to try to move America further in the direction of increased government paternalism with the implementation of ObamaCare, a push for a higher minimum wage, more intrusive business regulation, a drive for higher taxes to redistribute wealth, and a persistent insistence that individuals must sacrifice their own interests for that of “society.”
Budgets/Taxes · Economics · Featured · Health Care · Politics
Earlier this month, President Obama tried to change the subject from Obamacare by pitching some rhetoric on “equality” to rally his Far Left base. Not much thoughtful or helpful is[…]
Budgets/Taxes · Economics · Featured · Liberty · Regulation
There is a serious problem in America today; the epidemic of poverty prices. Across the country, American business owners are being forced by market conditions to sell goods at prices[…]
Featured · Legal Affairs · Politics
A jury has indeed spoken, but it remains unclear that we remain a nation of laws and not of men.
Budgets/Taxes · Economics · Featured · Politics
Ongoing effective economic experiments among the 50 states are sharpening, and definitive results will pour out in the real world, editorial and opinion fallacies to the contrary notwithstanding. That sharpening[…]
Economics · FIRE · Legal Affairs · Politics
Like Captain Renault in the 1942 movie Casablanca, I am “shocked… shocked” to find that gambling has been going on in the mortgage-backed securities business. And so, apparently, is the[…]
NEWS: The Heartlander
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