‘Economists Say’ a Lot of Things. Many of Them Are Wrong

“A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation—and may finally raise wages significantly,” opens a recent New York Times article surveying the state of the American economy. One […]

Many happy returns: new data reveal long-term investment trends

Many happy returns: new data reveal long-term investment trends

DATA-GATHERING is the least sexy part of economics, which is saying something. Yet it is also among the most important. The discipline is rife with elaborate theories built on assumptions that turned out to be false once someone took the time to pull together the relevant data. Accordingly, one of the most valuable papers produced […]

Why So Many Big Businesses Love Government Regulations

Why So Many Big Businesses Love Government Regulations

So-called “government regulations” are not what most people think that they are. They don’t curb “greedy corporations,” but entrench them. They don’t harm “rapacious companies” but strengthen them. They don’t “protect” consumers, but hobble them. Government should only be there to prosecute against fraud or aggression. Once government starts “regulating,” the worst of the worst […]

Ophelia shows many hurricanes could reach Europe in the future

Ophelia shows many hurricanes could reach Europe in the future

NOAA/NASA Goddard Rapid Response Team By Michael Marshall The remnants of Hurricane Ophelia have struck the British Isles, causing widespread disruption and damage on Ireland. The cyclone, now downgraded to an extratropical storm, has reportedly led to three deaths. It is unusual for a hurricane to reach western Europe while still at or near hurricane strength. […]