Category: Economics

From the American Founders to communist meme creators, people have long claimed Smith’s endorsement for their ideas.

There’s a reason that everyone still wants a piece of the odd Scottish bachelor after all these centuries. In an age when one can make the case to melt down nearly every statue of a once-revered figure, Adam Smith remains startlingly unproblematic. He was scathing about the slave trade as well as the mistreatment of Native Americans. His compassion for underdogs and his delight in the improvement of the circumstances of the poor shine though the archaic prose, as does the sincerity of his self-scrutiny. 

https://reason.com/2023/06/01/adam-smith-has-something-for-everyone/

Lange and the other socialists went out, saw the enormous, terrifying challenge of Mises, and then went back to the Ministry of Central Planning, and said, “You’re going to need a bigger computer.”

This mistaken interpretation of the Misesian “calculation” problem persists to today, and it’s getting worse.

Skyline opened with five days of free service through July 4, when daily ridership peaked at 18,108. The elevated train system with its unique views proved to be something of a tourist attraction during the holiday weekend. But when Skyline began to collect fares on Wednesday, July 5 ridership plummeted to only 1,245. 

https://www.cato.org/blog/lessons-honolulus-new-train-system

Expect more strikes, fewer government services, and more tax increases to pay for pension obligations.

Let’s just admit to reality: Taxpayers actually work for our public employees rather than the reverse. As long as that’s the case, public services will never improve and your tax burden will only increase.

https://reason.com/2023/08/18/public-employee-unions-rule-california/