California’s legislature wants to combine the idea of two-part price discrimination with a soak-the-rich mentality in charging for utilities. What possibly could go wrong?
As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular,…
“The public be damned” is a statement by railroad magnate William Henry Vanderbilt that has been twisted out of…
The Fed has created its own narrative for far too long. This is why we are making our new…
Carl Menger is best known for his vital role in creating the marginal revolution of 1871. However, Menger’s insights…
Being able to ladle out millions (or billions) in taxpayer dollars to the moneyed classes was always the pipe…
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California’s draconian fast-food minimum wage law is bad enough, but it turns out a company can avoid the trouble…
Contrary to popular opinion, bank capital is not a reserve to cover potential losses. In fact, even the ill-fated…
While the ruling elites decry populism, what they don’t say is that populism has arisen precisely because the ruling…