The Sports Stadium Lesson: Government Spending Doesn’t Stimulate
As baseball season rapidly approaches, we are reminded that between 1990 and today 18 cities have put up government money to help build new stadiums… Read More
As baseball season rapidly approaches, we are reminded that between 1990 and today 18 cities have put up government money to help build new stadiums… Read More
The London Telegraph reports that Barack Obama has returned a bust of Sir Winston Churchill to the British government. The bronze by Sir Jacob Epstein… Read More
As the world honors Abraham Lincoln on the 200th anniversary of his birth, it’s worth recalling one of the less well-remembered moments of his career:… Read More
In the world of international affairs, popular phrases usually signify not thought, but its absence. Calls for ‘a new Marshall Plan,’ for example, are invariably… Read More
In Britain, London’s buried under eight inches of snow, the trains don’t work, the economy’s collapsing, and a Labour government’s put the nation deeper in… Read More
We like to think of Britain, the U.S. and the rest of the Anglosphere as nations that reject the statist European economic model. But from… Read More
In its latest issue, the Economist reports on the state of Britain’s armed forces. It answers the question posed in the title of the piece,… Read More
The amount of money the U.S. is spending in its vain effort to stimulate the economy is hard to grasp. As we’ve pointed out, $819… Read More
EconomyNews
Few economists have a good word for the Smoot-Hawley tariffs of 1930, which provoked a worldwide round of competitive protectionism that reduced trade, deepened and… Read More