by Richard M. Ebeling | POLITICS, Taxation
There is always a variety of government programs and activities that people either think are not worth the money or should not be the business of government in the first place. Yet it seems almost impossible to rein in government. It keeps growing in size and scope in...
by Richard M. Ebeling | Economics
Bad economics can bring about or grow out of bad politics. But the question is, what are bad economics and bad politics? Unless this is clearly and correctly identified, a bad situation can be made worse, and a good situation can be turned into a bad one. So sorting...
by Richard M. Ebeling | History
The market, or capitalist, economic system has transformed the material world in wondrous ways over the last 200 years. Poverty, once the natural condition of virtually all of humanity, is being lifted from people’s shoulders, not only in the Western world but also...
by Richard M. Ebeling | Money and Banking
For the 12 months that ended in July 2018, price inflation in the United States, as measured by the Consumer Price Index, was 2.9 percent. That is, a basket of goods that cost $100 in July 2017 increased in expense by almost $3 by July 2018. But is this sort of index...
by Richard M. Ebeling | Economics
Warnings are frequently heard nowadays that democracy is currently under threat. And with a demise of democracy will come a loss of liberty. Indeed, democracy and freedom are frequently heralded as being synonyms. An important question, however, is, What do these...
