Industrial Policy Does Indeed Fall Victim to the Knowledge Problem

In a recent paper published by the Heritage Foundation, frequent AIER contributor Alexander William Salter argues that industrial policy, of the sort that is advocated by Oren Cass and other of today’s national conservatives, is not properly subject to the criticism that this policy will fail because it cannot solve “the knowledge problem.” This policy […]

Wisdom from Hayek – Econlib

On Saturday evening, a Liberty Fund colloquium on the Austrian and Chicago schools of thought ended. One of the pleasures I got from doing the readings was reading sections of Friedrich Hayek’s The Constitution of Liberty. I had read it over 50 years ago from cover to cover but had read only sections of it […]

1973 Ferrari 365 GTS/4 Daytona Spider

A delightful warm week sends me off looking for open-air vehicles in which to traverse the back-country. You could not do much better than the 365 GTB/4. When it was introduced in 1968, it was the world’s fastest production car. Ferrari calls the 365 an “evolution of the 275 GTB4” which it replaced. Production ran from […]