The Ever-Persistent, Always-Destructive Myth of Overpopulation

The Nordic philosopher and priest Anders Chydenius (1729-1803) — the “Adam Smith of the North” — once asked: Would the Great Master, who adorns the valley with flowers and covers the cliff itself with grass and mosses, exhibit such a great mistake in man, his masterpiece, that man should not be able to enrich the globe with as many inhabitants as it can support? Continue Reading...

MLK, Jim Crow, and the Rule of Law

The legacy of Dr. Martin Luther King, Jr., like most mortals, evokes a certain ambivalence regarding what should be celebrated and what should be rightly critiqued. There are certainly parts of his life and thinking that warrant correction, rebuke, and challenge, but this will be true of all us if we live long enough. Continue Reading...

How to Prove That Everyone Knows Raising Minimum Wages Increases Unemployment

Yesterday I mentioned that translating economic principles into intuitive concepts is one of the most urgent and necessary tasks to prevent such evils as harm to the poor. Today, William Poole provides an excellent example of what is needed with his “common-sense thought experiment” on minimum wage increases: Suppose Congress were to enact a minimum wage $50 higher than the current one of $7.25 per hour. Continue Reading...

What the Oregon Medicaid Study Tells Us About Big Government

If a large Oregon study is any indication, says Jonathan Witt in this week’s Acton Commentary, the Affordable Care Act may drive up frivolous emergency room visits and do little to improve people’s physical or economic health: In essence, the healthcare industry becomes the enabler in a lucrative game in which patients put off needed lifestyle reform, opting instead for prescription pills, surgeries and conversations about “genetic predispositions.” Continue Reading...

Explainer: What is Net Neutrality?

In a ruling that has significant implications for the future of the Internet, an appeals court has ruled that the FCC cannot impose so-called “net neutrality rules.” What exactly is net neutrality? Continue Reading...

The J. Wellington Wimpy Budget Policy

In a comment last month on the proposed federal budget deal, Sen. Rand Paul quoted one of the foremost economic thinkers of the twentieth century. “There is a recurring theme in Washington budget negotiations. Continue Reading...