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Updated 2024-12-04 07:17
Ask An Economist—Year in Review
Reviewing your questions from 2023.
Fauci Admits to Multiple COVID-19 Missteps during Closed-Door Hearing
Fauci's recent congressional testimony held a surprising number of admissions.
How Slavery Can Be Used as a Litmus Test for Claims about Liberty
When the arguments used to justify state actions are placed in the context of slavery, their moral bankruptcy is quickly revealed.
Why Are Some Diamond Brands So Expensive?
The jewelry industry may seem like a real puzzle, but a little economic reasoning is all it takes to understand what's going on.
Will America Choose Javier Milei or Hugo Chavez?
A heavy dose of Adam Smith is what Milei is offering, and it's precisely what Argentina needs.
7 Ridiculous Examples of Government Waste in 2023
To stop out-of-control spending, it will take more than replacing politicians and bureaucrats.
Why Established Brands Often Struggle with Marketing
When marketing, companies must recognize that consumer interests, tastes, and preferences take precedence over the interests of the firm.
Rare Diseases May Be Unprofitable to Treat, but That Doesn’t Mean Government Intervention Will Help
The market doesn't allow us to treat every disease, but is that really a valid criticism of economic freedom?
Science Has a Major Fraud Problem. Here’s Why Government Funding Is the Likely Culprit
The system of checks and balances" in scientific research is completely off-kilter.
Indians, Property Rights, and Ayn Rand
Ayn Rand got many things right, but on the issue of Native Americans she made a big error.
Why the EV Market Is Sputtering
Ford's struggles in the EV market are an important reminder of who the real boss is in a free-market economy. It's not Ford. And it's certainly not the federal government.
Artificial Intelligence Will Transform Education For the Better—If We Let It
Fear of new technologies, and the desire to control them, may have more to do with a fear of free people and the liberating potential of new technologies, rather than of the technology itself.
The Mouse Is Free: Steamboat Willie and Intellectual Property
Steamboat-era Mickey enters the public domain.
Cancel Culture Canceled in London: The Failed Smear Against Horatio Nelson
The Nelson Column must stand. Cancel culture and its twin evil of presentism must be torn down.
What Many Critics of Child Labor Overlook
Child labor can be fairly brutal, but the alternatives are often far worse.
Two Strategies for Making Better Financial Choices in 2024
How to transform from a grasshopper into an ant.
Some Favorite Moments from 2023
There are many great moments to choose from, but a few in particular stand out.
Utah’s Emerging Education Ecosystem Is Diverse And Accessible
Education entrepreneurs create new learning possibilities to meet the diverse needs and interests of today's families and learners.
The Poverty of Slavoj Žižek’s Collectivist Vision of Property Rights
Why is it that one notion of property rights reliably facilitates widespread prosperity, while the competing theories routinely spread poverty and desperation to the masses?
Reflections on the 2023 Annual Meeting of the Mont Pelerin Society
The conference covered a range of topics, from money to foreign relations to inequality. Here are some of the highlights.
Is ‘Competition’ the Enemy of Cooperation? Here’s What Bastiat Thought
Paradoxical though it may seem, competition is a crucial component of economic harmony.
The Myth of Christianity's 'Socialist Roots'
Take a closer look at those passages in Acts. The communal" arrangement was voluntary.
Justivus: A Holiday to Celebrate Adam Smith’s Three Kinds of Justice
With Seinfeld's fictional holiday of Festivus" as the mold, I am taking my own shot at creating a new holiday based on the philosophy of Adam Smith: Justivus."
Economics Explains McConnell’s Low Approval Rating
Why party leaders will tend to have low approval.
The Anti-capitalist Attack on Therapy
Are therapy companies exploiting or helping vulnerable young people?
To Combat Chronic Absenteeism, Look To Schools That Are More Successful At Engaging Learners
There are kids who reject schooling, but as soon as you put them in an environment where their learning is relevant and interesting, they learn rapidly," said Michael Strong, founder of The Socratic Experience.
Charlie Munger's Rules for Life—in His Own Words
Charlie Munger is gone, but the world can still benefit from the wisdom he shared.
What Nixon's Ghost Can Teach Americans about Using Price Controls to Curb Inflation
Richard Nixon was many things, but he was not a fool;the Nixon tapes showthe president fully understood the ramifications of price controls-yet he employed them anyway to help secure reelection.
¡AFUERA! Milei Leads the Way on Slashing Bureaucracy
Why slashing bureaucracies is a necessary first step.
Economists Are Roasting Biden’s ‘Incoherent’ Inflation Tweet—and for Good Reason
Managing unemployment might be the stated reason for inflationary policy, but the actual reason seems to be something else.
Why a New IRS Change Will Push Some Entrepreneurs into Corporate Desk Jobs
Why a higher late payment penalty will lead to less self-employment.
Argentina’s Inflation, Explained (in One Chart)
Inflation is first and foremost a monetary issue.
A Scientist Who Helped Fauci Discredit the Lab Leak Theory Says He Can't Sleep at Night—and Is Now Speaking Out
The absence of a federal or international commission to investigate COVID's origins is a reminder of a fundamental problem with government.
Why Rome’s Best Emperor Shunned Government Schools
Marcus Aurelius is widely regarded as Rome's finest emperor. It's a good bet that were he with us today, he would be an advocate for school choice.
Why Is There A Dyslexia Epidemic?
Perhaps coercive schooling and increasingly unreasonable state-approved" standards are the real problem.
Three Principles for Libertarians in Times of War
Siding with freedom means siding with peaceful individuals, not nation-states.
Why I Don’t Think the Population Will Collapse in the Long Run
Elon Musk says the number one threat to humanity is a population collapse. Is he right?
If Your Kids Aren’t Happy at School, Find Them Another One
If your children are not happy at school, there's never been a better time to exit for something else.
Why ‘Travelin’ Soldier’ Is the Best Anti-War Song Ever Written—and Always Brings a Tear to My Eye
'Travelin Soldier' describes a young American shipped off to war to fight in Vietnam-and never returns.
This TikTok Video Shows How the Right Is Scaring Young People Away from Capitalism
Young people aren't snowflakes for wanting a better life.
Milei Hates the State—Will It Be Enough?
Milei represents a unique moment in the recent history of world leaders.
What Americans Can Learn From Argentina’s Collapsing Economy—and Javier Milei’s Stunning Victory
Argentina's triple-digit inflation might be new, but its economic dysfunction goes back decades.
Why We Should Be Thankful for ‘Greedflation’
High prices may be annoying, but the alternative is far worse.
Fauci Now Says Americans Should Get to Choose if They Want to Take the Covid Vaccine
The fact that Fauci is no longer presuming he should get to decide for people what they must put into their bodies is a good thing. It's just a shame it took him so long.
The Feds' Vehicle 'Kill Switch' Mandate Is a Gross (and Dangerous) Violation of Privacy
The claim that a new federal law mandates that every new motor vehicle includes technology that could disable the vehicle might sound preposterous, but it's actually true. Here are the receipts.
Javier Milei: Argentina's First-Ever Libertarian President
In Argentina-one of the most statist countries in the world-a libertarian economist is now the president-elect.
Why Mr. Beast's Humanitarian Efforts Actually Work—and Why His Critics Hate Him for It
Mr. Beast's philanthropy, which is all voluntary and profit-driven, surpasses government-led efforts by miles. And that's what his critics can't handle.
5 Things You Should Know Before Getting a Credit Card
Credit cards can be useful and beneficial, but they need to be managed responsibly.
Harvard Professor Calls Out FEE in a New Book about Capitalism. Here’s What She Gets Wrong
Yet again, the critics of free-market capitalism swing and miss.
How to Address the Loyola Parking Space Shortage
The solution is surprisingly simple if you know a little economics.
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