Equivocating Externalities – Econlib
I talked about education and positive externalities in a recent post. In that post, I took for granted that education has positive externalities, and that subsidizing education is an appropriate role of government, according to standard economic theory. However, as is often the case, there’s more to the story. Things that have positive externalities can […]
Capitalism is a “DDoLL” | AIER
Capitalism is a “DDoLL.” I’m saying it in a silly way, to make it easier to remember, but the fact is that capitalist societies rest on three principles of effectiveness. As I have argued before, it is useful to think of decentralized market processes as operating within three concentric circles: exchange, markets, and capitalism. Exchange […]
Lindsey Graham – Read To Declar War On Iran?
QUESTION: Mr. Armstrong, Thank you for educating us about the Neocons. Your special report opened my eyes and should be taught in school. Lindsey Graham, on your list of Neocons, seems to be ignorant of anything to do with the Middle East. His Meet the Press was virtually a push to declare war on […]
