Why the Money Supply Is Growing Again
In August, the money supply grew at the fastest rate in 23 months.
Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some
Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some
The Birth of “Irrational Exuberance”
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance
Clarifying the Possibility of a Contingent Election under the Twelfth Amendment
Andy Craig As we get closer to the election, a number of articles have been published offering legal explainers for how the process under the new
Yes, Car Seat Laws Reduce the Birth Rate
Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins,
What is Old School Economics?
When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common
Ctrl+Alt+Regulate: The DMA’s Misguided Reboot of Competition
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing
Hayek on the Welfare State
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that