The current financial crisis proves the maxim that there’s no free lunch—or rather, there may seem to be a free lunch, but the bill is merely deferred, and ultimately it comes due with interest. How is it that all these … Continue reading →
I’ve said several times that economics is one of my weakest areas. But there are a few things I do know about the current crisis, and here are three of them: there’s a lot of greed out there, loans were … Continue reading →
It seems as though it must have been an awfully good life: a long one filled with accomplishments, a happy marriage, and countless friends. Milton Friedman, who died today, was the economist nearly everyone’s heard of, the architect of libertarian … Continue reading →
Even though I was a good student, economics was my nemesis. I passed it, but it was a slow slogging grind, and it didn’t quite stick. And, although I’ve made an effort to learn more about economics since then, every … Continue reading →
This review of the book Miracle Cure, appearing in Commentary, reminded me of something I’ve long thought: that the Canadian health care system isn’t all it’s cracked up to be. I used to be active on a forum that dealt … Continue reading →