Higher tax rates don't necessarily mean higher tax revenues. Examples of this abound. Corporate tax revenues went up in Britain after the government cut corporate tax rates and in Canada high-income…
There is no problem with big businesses per se. If they have grown and stayed big by producing goods and services that consumers want to purchase, they are to be…
In the same way that Marvin Hagler was made a better boxer by sparring in the gym with a quality opponent like Buster Drayton, there are few things better for…
Generally, the rich got that way by catering to the demands of other people in a reasonably free market. They did not get rich by making people poor, but by…
There was a time when leading economists would write for a mass audience, commenting on the issues of the day, and applying economic principles to them. These six books offer…
According to Milton Friedman, one of the great economists of the 20th century, "One of the great mistakes is to judge policies and programs by their intentions rather than their…
Stanford University’s John E. Cogan has been writing brilliantly for decades about how federal entitlement spending has a nasty habit of growing a lot bigger and a lot faster than…
As government in America has grown bigger and assumed power over more and more of our lives, people on both sides of the political divide either look to it to…
When politicians decree that labor costs will rise, businesses are incentivized to switch to capital inputs rather than labor. Who wins and who loses from this?
Trade is one of the oldest topics in economics. It is also one of the oldest sources of economic dispute. Adam Smith wrote The Wealth of Nations in 1776 largely to…
All too often, the policy debates of today are simply refights of the battles of yesteryear. Because of this, old arguments often retain a modern relevance. Milton Friedman was an…
The argument that deficit spending is needed to maintain full employment is an old one. Here, in a column from this day in 1963, Newsweek's Henry Hazlitt sets the record…
Economists are often having the same debates today as they were at some time in the past. Here, in Newsweek from this day in 1963, the great economic writer Henry…
Due diligence by a Minnetonka bank affiliated with TCF Financial has apparently played a pivotal role in the meltdown underway at what used to be one of America’s best known…
No region has suffered more from historical neglect than the Midwest.
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains some…
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains some…
Milton Friedman (1912-2006) was one of the greatest economists of the 20th century. But, along with his academic work, he was a gifted writer of economics for a lay audience.…
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains some…
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains some…
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains the…
The laws of economics applied just as much in 1946 as they do now. Here, in Newsweek from this day in 1946, the great economic writer Henry Hazlitt explains why.