Editor’s note: A version of this article first appeared at The American Spectator. “I feel only sympathy for the Russians. No people have suffered as much death.” That was the response of a colleague of mine, Jan, a Polish professor … Continue reading
Moral hazard occurs when an agreement people make to act in concert for their mutual benefit results in an incentive for one of them to act immorally. The classic case is insurance. When an insurance company contracts with a homeowner … Continue reading
Did you celebrate the “International Day of Family Remittances” this year? Probably not. If you’re like most Americans, the word “remittance” is foreign to you. However, to families in countries around the world, remittances are lifelines that help them overcome … Continue reading
“Economics,” wrote Henry Hazlitt, “is haunted by more fallacies than any other study known to man.” True. No epoch is immune to the scourge of economic illiteracy. Yet, we find ourselves in a moment of especially unprecedented economic ignorance. We’ve … Continue reading
Last week, I spoke with a lifelong friend. He has lived in western Canada for almost 50 years, and he was in Phoenix staying at the home of another lifelong friend. Rick flew to Phoenix to arrange for knee-replacement surgery. … Continue reading
Editor’s note: This article first appeared at The American Spectator. Karl Marx once famously commented that Hegel wrote that history repeats itself. Marx then supplemented this by noting that this happens the first time as tragedy, the second as farce. … Continue reading
Last week, economist, professor, and adventurer Yuri Maltsev passed away. Yuri’s passing is a gigantic loss for the economics profession, for the conservative and libertarian movements, and for me personally. He was a courageous advocate for truth, justice, and liberty—a … Continue reading
An object of endless allure and fascination, what can the little diamond teach us about the ‘dismal science’—economics? In this extended essay, Grove City College associate professor of economics, Caleb S. Fuller, offers an economic meditation on this well-beloved precious … Continue reading
Editor’s note: This article first appeared at The American Spectator. The Environmental, Social, and Governance (ESG) scoring system is undergoing intense scrutiny. It also has become quite a political football, with conservative governors, attorneys general, and other officials pushing … Continue reading
Editor’s note: A version of this article first appeared at National Catholic Register. It is ironic and scary that 60 years after the Cuban Missile Crisis that brought the world’s two superpowers to the brink of nuclear Armageddon, President Joe … Continue reading
With the stock market down nearly 20% year-to-date in 2022, investors are paying close attention to the financial performance of their portfolios: seeking to protect 401Ks, looking for safe havens, and trusting that their fiduciary asset managers are making the … Continue reading
Talk about a strange political year. African Americans and Jewish Americans are typically the two most reliable liberal voting blocks in the country, and yet there have been troubling news stories and now data regarding the people who support them. … Continue reading
Editor’s note: This article first appeared at The American Spectator. When I heard about the death of Mikhail Gorbachev, I sighed. He was one of the final remaining pivotal figures in the end of the Cold War: Gorbachev, Ronald Reagan, … Continue reading
On August 19, The Wall Street Journal published an article titled “It Now Costs $300,000 to Raise a Child.” The calculation came from a study at the Brookings Institution, which in turn relied on data gathered by the U.S. Department … Continue reading
You know the old joke: How can you tell when a politician is lying? When his/her lips are moving. That extreme cynicism about politicians is reinforced by the recent passage of the so-called Inflation Reduction Act (IRA). In addition to … Continue reading
What is Corporate Social Responsibility (CSR)? Wikipedia defines CSR as “a form of … private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature.” That seems rather vague, even amorphous. As Wikipedia acknowledges, … Continue reading
Editor’s note: A version of this article first appeared at The American Spectator. “Two visions of the world remain locked in dispute,” said President Ronald Reagan in July 1983. “The first believes all men are created equal by a loving … Continue reading
In West Virginia v. EPA, the Supreme Court of the United States ruled by a 6-3 majority that the Environmental Protection Agency (EPA) had exceeded its statutory authority by issuing regulations that would essentially dictate to power-generating utilities what fuel … Continue reading
The recent reversal of Roe v. Wade, acting like a starter’s pistol at a track meet, has initiated a new round of corporate social activism and virtue-signaling. American companies are racing from the starting blocks to demonstrate their support for … Continue reading
Recently, President Joe Biden flew into Iowa—our country’s leading corn-producing state—to announce to appreciative farmers that the Environmental Protection Agency will require American motor-fuel refiners to increase the amount of corn-based ethanol (CBE) that must be blended into motor fuels … Continue reading
