How long can military spending and stocking inventory keep us afloat?

When there is a product subsidy, then the increase in demand is artificial, and this shifts production from one use to another. That shift distorts prices, profits, and quantities.

Do lenders need more cops or less temptation?

As in previous real estate booms, house builders overbuilt in the hot markets. Why don’t they learn? Because they expect a bailout.

If the European Union cracks down on Liechtenstein, violating its sovereignty, German and other European taxpayers will shift their accounts to other tax havens.

The moral case against taxing the rich is that if they earned the money with their labor, it is morally wrong to take away their earnings by force.

US economic growth slowed almost to zero in the last quarter of 2007, consistent with a coming recession.

The 18-year real estate cycle continues to march on right on schedule.

Tectonic change is what we need

With the elimination of taxes on wages, sales, buildings, and entrepreneurial profits, the economy would take a quantum leap up to dazzling productivity

In the fall of 2007, Freddie Mac, the second largest housing finance company, was hit by a $2 billion quarterly loss

The House of Representatives Ways and Means Committee Chairman Charles Rangel has introduced a proposal to re-tax the rich

If Al Gore had made climate change the single top priority during his Vice Presidency, he could have secured a larger legacy

There is a way to stop the business-cycle boom bubble, but it requires radical changes in economic policy that no one seems willing to confront.

Subprime Loans, Subsidized Land, and Manipulated Money

A magical story of the Invisible Hand - Part I

In June 2007, Florida's governor signed into law a ballot measure that would enact a big reduction in the state's property taxes.

The federal government has initiated an anti-trust action against the Whole Foods grocery company to prevent it from merging with Wild Oats.

The coal industry spent $6 million on federal lobbying in 2005 and 2006, and if a new bill passes, they would get billions in subsidies

The fundamental causes of the Panic of 1907 were the flawed monetary and fiscal systems of the United States