For most of a century, macroeconomists have debated the pros and cons of government “stimulus” policies. Because there is no way to determine how the economy would have performed without a stimulus, the debate comes down to dueling economic models, assumptions, and theories. With Nobel Prize-wi ... Read more

If you want instant enlightenment, Henry Hazlitt's Economics in One Lesson is still the desired text. If you want enlightenment in great depth, there is Mises's Human Action. But if you are looking for something in the "in between" category, Faustino Ballve's Essentials of Economics: A Brief Survey ... Read more

We debated President Obama's jobs summit plans on last night's Kudlow Report . Joining me were Robert Reich, former Labor Secretary and Casey Mulligan, University of Chicago economics professor. ... Read the full post ... Read more

The new issue of the online journal Capitalism and Society has a number of articles that should interest readers of this blog. Each is probably deserving of its own post. (Ah, but time prohibits.) Jon Elster has a piece called “Excessive Ambitions” that criticizes not only mainstream rational-ch ... Read more

In 2009, Krugman stated that "deficits saved the world." However, in 2003, when Alan Greenspan and the Bush administration were destroying this country's balance sheet, Krugman was scared to death about inflation. ... Read the full post ... Read more

Ok, I can't make this stuff up. Ayn Rand's Atlas Shrugged is so life like that it is now as if reading (or in my case listening) to a script. Background: Atlas Shrugged is a novel written in 1957 by Ayn Rand. In it, in response to a largely governmental caused "emergency" the top leader ... Read more

The March 14, 2009 issue of the Economist has a special report on the role of entrepreneurship around the globe.  I had to chuckle about their seemingly new-found "discovery" of entrepreneurship. And while some of the information is rather dated, especially in their background piece ... Read more

| Peter Klein | OK, so the line attributed to George W. Bush – ”the problem with the French is they don’t have a word for entrepreneur” — turns out to be apocryphal . But check out this passage from the recent Mises collection, Marxism Unmasked , as noted in ... Read the full ... Read more