Two of England’s most famous kings—Henry I and Henry VIII—took very different approaches to money. Once there was a king who was only twelve inches tall. As the story goes, he was a lousy king but he made a great ruler. You’re groaning, I know. Cut me some slack. I’m an economist and historian, not […]
Joe and Janet the robber barons Imagine if oil companies got together and agreed to charge consumers no less than $3.50 per gallon for gas. Let’s call it a “global minimum price.” How long—in minutes—do you think it would take for the news media to cry foul and for the Justice Department to file an […]
The principle that ends justify means is one where the ethics of individualists and collectivists collide, F.A. Hayek saw. Born in Vienna on this date (May 8) in 1899, Austrian economist and political philosopher Friedrich August von Hayek lived to see almost the entirety of the 20th Century. He won a Nobel Prize for Economics […]
If mass mail-in voting takes hold in this country, we can add yet another of our hard-won rights to the growing pile we don’t much care for anymore. And if a walk to the mailbox gets too onerous, we could just vote by phone.
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