Even the Amish Know Economics

Amish people are an interesting lot. They are real people, just like everyone else. They have all of the human needs and wants, and they have the same human intelligence to fill those needs, but they also feel a need for cultural resistance, to be separate from the modern world Continue Reading →

When Compassion Isn’t Compassionate

There really are laws of physics. Whether or not we understand thermodynamics, organic chemistry, or fluid mechanics, we witness them and depend on them every day of our lives. We can either use gravity to our advantage or we can fight it and lose. Those principles are not negotiable. If Continue Reading →

The Irony of Affordability Programs

A funny thing happens when politicians are determined to make a good or service more affordable: It becomes less affordable and/or less available, depending on the approach taken. Many people are taken by surprise when it happens, but there is nothing surprising about it. It is the result of simple Continue Reading →

Why Bans Always Fail

The rules for cooperation in society have developed over thousands of years. They include what may, in a very loose sense, be called a ban on murder, theft, coercion, fraud, and so on. People widely accept them because they protect each individual from aggression of various types. They form a Continue Reading →

The Important Things of Economics

Economists have some important things to say. That doesn’t mean that everything that they say is true. The economics profession has become too-closely tied to politics, and economic recommendations to politicians too often have the smell of ideology wrapped in statistics and complex mathematical models. Practitioners often disagree, in fact Continue Reading →