Stockman: Now It Begins—America’s State Wreck Gathers Steam, Part 1
Now it begins. They bought the February 8th dip just like the previous 40 odd plungelets in the stock averages since the March 2009 bottom, expecting another…
Read MoreEconomics
Why Not Private Provision of Many Government Services?
One of the great controversies in modern society concerns the necessary and required functions of government. There are few who disagree that if government…
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Problems Facing the U.S Healthcare System Part 1
By Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
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CommonWeal: Forget about the consequences of your actions
Public authorities would be allowed to seize land under the “Public Land Value Capture” proposal suggested by the think tank Common Weal. In short, public…
Read MorePublic Goods, National Defense, and Central Planning
The competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and…
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From the Moneyness Blog: Electronic money will only save central banks from subjugation if it is anonymous
50 SEK banknote issued by the Riksbank in 1960 “Do we need an eKrona?” asks Stefan Ingves, the Governor of the Riksbank, Sweden’s central bank. The…
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A slow death
“There’s always something to do.” The late Peter Cundill, philanthropist and value investor. A happy new year to all readers ! Having…
Read MoreCapitalism and Asymmetric Information
Capitalism is a wondrous human institution for the mutual betterment for all in society. Yet, critics often insist that market systems enable sellers to…
Read MoreCradles of Capitalism: the City-States of Greece and Italy
By Marcia Christoff-Kurapovna There long has been a persistent academic debate as to whether an “ancient economy,” referring mainly to Greece, even existed at all. In…
Read MoreWill macro-economists ever learn?
As we lurch through successive credit crises, central bankers and economists believe they learn valuable lessons every time, and that the ultimate prize, the…
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