Gary M. Galles is a professor of economics at Pepperdine University. His recent books include Faulty Premises, Faulty Policies (2014) and Apostle of Peace (2013). He is a member of the FEE Faculty Network.
The Joint Economic Council has made a last effort to burnish the Obama administration’s “consumer protection” reputation with their criticism of hidden fees. But the same administration that purports to protect us from the harm of hidden fees dishonestly imposes far greater abuse on Americans through hidden taxes.
One less rewarding consequence of that same fact is hearing something like, “Of course you believe in that; you are a libertarian,” in response to some policy conclusion I have drawn.
Cato’s Letters applied John Locke’s ideas to underlying issues that still threaten Americans today.
Brennan’s solution fails to fix the incentive problem facing voters that he cites as the reason his reform is necessary.
As November’s election nears, democracy is increasingly invoked as an ideal. Yet democracy is a seriously flawed ideal.
"Does responsible citizenship require casting a ballot for either of these political plunderers?"
Because politics is based more on what people say than on what they do, it often short-circuits the mechanisms for discovering the truth: prices, profit, and loss.
Progressives claim that the free market treats people like commodities. In reality, it is the only economic arrangement that protects the individual.
New York Times columnist Paul Krugman has used Cyprus’s crisis to endorse controls on international capital flows, arguing that “unrestricted movement of capital is looking more and more like a failed experiment.” Unfortunately, his scapegoating of investors as the problem, while offering government control as the solution, confuses cause and effect.
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April 16, 2040, 11:00 AMREGISTER