MARKETS

Tariff Advocates Rarely Talk About How Tariffs Punish Consumers

Politicians who support tariffs and other forms of government intervention in the economy frequently emphasize reshoring, trade deficits, cheap imports, and national security, but they rarely talk about consumers.

Change Under Obama

Change Under Obama

The President’s statement reveals a great deal about his understanding or, more correctly, lack of understanding of economics.

Upside Down Economics

Upside Down Economics

From television specials to newspaper editorials, the media are pushing the idea that current economic problems were caused by the market and that only the government can rescue us. What was lacking in the housing market, they say, was government regulation of the...

Lured To Disaster  by “Affordable Housing”

Lured To Disaster by “Affordable Housing”

Behind the housing boom and bust was one of those alluring but undefined phrases that are so popular in politics-- "affordable housing." It is hard for me to know specifically what politicians are talking about when they use this phrase. But then politics is about...

Teaching Economics

Many professors, mostly on the liberal side of the political spectrum, use their classrooms to proselytize students. I have taught economics for the past 40 years and challenge anyone to find even one student, among the thousands who went through my classes, who can...

Another Great Depression?

Another Great Depression?

With both Barack Obama's supporters and the media looking forward to the new administration's policies being similar to President Franklin D. Roosevelt's policies during the 1930s depression, it may be useful to look at just what those policies were and-- more...

Bailout Parade Panic and The Benefits of Bankruptcy

Let's not allow Congress and members of the bailout parade panic us into allowing them to do things, as was done in the 1930s, that would convert a mild economic downturn into a true calamity. Right now the Big Three auto companies, and their unions, are asking...

Free Trade versus Protectionism

There's a growing anti-trade sentiment in our country. Much of the dialogue is grossly misinformed. Let's try to untangle it a bit with a few questions and observations. First, does the U.S. trade with Japan and England? Put another way, is it members of the U.S....

Planned Chaos: Nazism (Part 9 of 11)

Planned Chaos: Nazism (Part 9 of 11)

The philosophy of the Nazis, the German National Socialist Labor Party, is the purest and most consistent manifestation of the anticapitalistic and socialistic spirit of our age. Its essential ideas are not German or "Aryan" in origin, nor are they peculiar to...

Planned Chaos: Fascism (Part 8 of 11)

Planned Chaos: Fascism (Part 8 of 11)

When the war broke out in 1914, the Italian socialist party was divided as to the policy to be adopted. One group clung to the rigid principles of Marxism. This war, they maintained, is a war of the capitalists. It is not seemly for the proletarians to side with...

Planned Chaos: Trotsky’s Heresy (Part 6 of 11)

Planned Chaos: Trotsky’s Heresy (Part 6 of 11)

The dictatorial doctrine as accepted by the Russian Bolshevists, the Italian Fascists and the German Nazis tacitly implies that there cannot arise any disagreement with regard to the question who shall be the dictator. The mystical forces directing the course of...

Planned Chaos: Russia’s Aggressiveness (Part 5 of 11)

Planned Chaos: Russia’s Aggressiveness (Part 5 of 11)

The German, Italian and Japanese nationalists justified their aggressive policies by their lack of Lebensraum. Their countries are comparatively overpopulated. They are poorly endowed by nature and depend on the import of foodstuffs and raw materials from abroad. They...

Planned Chaos: Socialism and Communism (Part 4 of 11)

Planned Chaos: Socialism and Communism (Part 4 of 11)

In the terminology of Marx and Engels the words communism and socialism are synonymous. They are alternately applied without any distinction between them. The same was true for the practice of all Marxian groups and sects until 1917. The political parties of Marxism...

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