MMT: The Latest Liberal Economic Fantasy

MMT: The Latest Liberal Economic Fantasy

A good definition of a liberal might be someone who tries to ignore the actual nature of reality. Thus, many politically correct formulations distort reality even to the point of denying the differences between the sexes. Ignoring the nature of reality can get particularly dangerous when applied to economics. The nature of … Read more

A Victory for Property Rights

A Victory for Property Rights

On February 20, 2019, the Supreme Court took an important step to protect property rights. Even more encouraging is the fact that the decision was unanimous. If readers were unaware of the case of Timbs v. Indiana, that is hardly surprising. That week, news of Rep. Alexandria Ocasio-Cortez’s “Green New Deal” dominated … Read more

The Apples-and-Oranges Debate over Tariffs

The Apples-and-Oranges Debate over Tariffs 1

As I watch the debate over tariffs, I can’t help but feel the two sides are not speaking the same language. They are talking apples and oranges. One side is concerned only about money while the other side deals with social impact. I don’t think this apples-and-oranges debate can be reduced to … Read more

Five Things That Have Turned Us Into a Nation of Whiners

Five Things That Have Turned Us Into a Nation of Whiners

On campuses nationwide, students have whined about what they call “micro-aggressions.” People suffering from “micro-aggressions” are offended by tiny acts that might in some slight way, point to politically incorrect behavior. The offended student then feels free to demand changes from college administrators in a very macro-aggressive way. Such an attitude is … Read more