Contrary to popular belief, China’s economy depends much less on central planning than in the past. China is strong in EV development, and the success is due not to government…
Keynesian economists claim that the economy needs at least 2-3% inflation in order to avoid business cycles. But these inflation rates over time are economically ruinous and they actually harm…
Krugman-the-textbook-author says price ceilings have terrible consequences. Krugman-the-columnist says they’re “reasonable.”
Legislating against unfairness in order to achieve “equal” outcomes is like legislating against the wind. While government has little control over outcomes, its predations can make those outcomes worse.