American Police Forces Were Created to Fight Rioters. But Police Probably Made Things Worse.
2020-07-29
Whenever the vicious portion of population shall be permitted to gather in bands of hundreds and thousands, and burn churches, ravage and rob provision-stores, throw printing presses into rivers, shoot editors, and hang and burn obnoxious persons at pleasure, and with impunity,” Abraham Lincoln told a crowd in Springfield, Illinois, in 1838, “the feelings of the best citizens will become more or less alienated from it.
Why Keynes Was Wrong about Consumer Spending
2020-08-06
As a result of the coronavirus pandemic, most experts are of the view that it is the role of the government and central bank to minimize the damage inflicted by the virus—and the policy response to it—on the economy.
Kamala Harris Is Basically Obama-Clinton 2.0, but Worse
2020-08-13
No doubt, many of Harris’s detractors will call her radical or a tool of the far left. The reality is actually far more alarming.
How the Lockdowns Will Drive Up Healthcare Costs
2020-08-22
The covid-19 lockdowns have done untold amounts of economic damage, most of which has yet to reveal itself. Permanent unemployment for millions, countless bankruptcies, rent defaults and much more will jar the economy for the foreseeable future.
Coming Apart, Coming Together
2020-09-01
Last time we met in Orlando, Bob Murphy mentioned how much worse our political and social divide would be if the economy crashed like 2008. Now we face this very problem—with COVID-19 lockdowns and George Floyd protests decimating the economy and social media exposing raw animosity along racial and "woke" lines.
Industrialization and Free Trade Are the Way out of Poverty
2020-09-03
Progressive politicians repeatedly tell us that capitalism is a system rooted in the wealthy’s exploitation of the poor. To convey this in an emotionally resonant way, they employ images of "sweatshops" in the developing world. While some people labor away in factories, often in terrible conditions, the owners of Walmart and Nike rake in profits, enjoying their luxurious penthouses in Manhattan. Many find this compelling.
Bankruptcies Rise Despite Trillions in New Liquidity
2020-09-09
Misguided lockdowns have destroyed the global economy and the impact is likely to last for years. The fallacy of the “lives or the economy” argument is evident now that we see that countries like Taiwan, South Korea, Austria, Sweden, and Holland have been able to preserve the business fabric and the economy while doing a much better job managing the pandemic than countries with severe lockdowns.
Where Did the US Government Get the Power to Assassinate People?
2020-09-11
In an August editorial, the New York Times called for an investigation into the attack on Russian dissident Aleksei Navalny, who was recently transported to Germany in a coma after apparently being poisoned.