The Economics of Greed

The Economics of Greed

Looking back on the 2008 financial crisis, it seems clear that much of that mess was caused by bad government policy, especially easy money from the Federal Reserve and housing subsidies from Fannie Mae and Freddie Mac. Many of my left-leaning...
Anti-Economics from the Economist

Anti-Economics from the Economist

Since I just landed in London, it appropriate that today’s column will be based on an article in the U.K.-based Economist. A recent issue of the magazine included an article lauding the Internal Revenue Service. Why? What could the bureaucrats have done to...
Defending Disney’s Self-Rule

Defending Disney’s Self-Rule

Like any practical libertarian, I prefer decentralization (Switzerland is a great role model). My default view is that it is better for things such as roads and schools to be handled at the local level. But I’m also an impractical libertarian. I...
Corporate Taxes and the Laffer Curve

Corporate Taxes and the Laffer Curve

During the debate about the Trump tax plan, proponents made three main arguments in favor of reducing the federal corporate tax rate from 35 percent to 21 percent. A lower rate would be good for workers, consumers, and shareholders.A lower rate...
Schools, Libraries, and Censorship

Schools, Libraries, and Censorship

In my libertarian fantasy world, schools and libraries would be private institutions, which means market forces would determine which books would be available. This would mean plenty of diversity. Private schools in rural Oklahoma presumably would opt for...