Prof. Neil Ferguson, who in 2005 said up to 200 million might die from bird flu (about 100 did), told the New York Times in March that the “best-case scenario” was 1.1 million Americans dead from COVID-19. By listening to modelers such as Ferguson, did the experts subject the world to the greatest blunder in a generation?
What finally ended the Great Depression? That question may be the most important in economic history. If we can answer it, we can better grasp what perpetuates economic stagnation and what cures it. The Great Depression was the worst economic crisis in U.S. history. From 1931 to 1940 unemployment was always in double digits. In April 1939, almost ten years after the crisis began, more than one in five Americans still could not find work. On the surface, World War II seems to mark the end of the...
Christine Chmura, a graduate of Clemson University, is Assistant Economist at the Federal Reserve Bank of Richmond, Virginia. Five Years after the Airline Deregulation Act was passed, some are calling for re- regulation of the airline industry. Opponents of deregulation are blaming the financial demise and difficulties of the old trunk airlines on deregulation. Proponents, on the other hand, contend that regulation would continue to encourage inefficiency and would result in even higher fares i...
The all too familiar questions of "Why did this happen? Why did this happen to us?" are frequently asked after every mass murder. But each time, it usually goes unanswered, or worse, it's erroneously oversimplified or used as a political platform for gun reform. Rarely do we delve into the deep psychology behind the nature of these horrendous acts.
Kant’s moral philosophy justifies extremely strong individual rights against coercion and an extremely limited government. Whatever your opinion of his work, his contributions to liberalism are important and still underappreciated.
Paulist Father Robert A. Sirico is president of the Acton Institute for the Study of Religion and Liberty in Grand Rapids, Michigan. The parables of Jesus teach eternal truths, but they also offer surprising practical lessons for worldly affairs. In the Gospel According to St. Matthew (chapter 25, verses 14-30) we find Jesus’ Parable of the Talents. As with all the biblical parables, it has many layers of meaning. Its essence relates to how we are to use God’s gift of grace. As regards the mate...
To continue advocating communism despite its dismal track record is neither well-intentioned nor misguided; it is a deliberate attempt to push a provably dangerous ideology.
Student loans did not exist in their present form until the federal government passed the Higher Education Act of 1965, which had taxpayers guaranteeing loans made by private lenders to students. While the program might have had good intentions, it has had unforeseen harmful consequences.
"...nearly all the brick & mortar businesses that comprised the short-lived Little City Emeryville small business advocacy group have moved, folded or sold." - The E'ville Eye, May 10, 2019
"To punish men for their vices…is a sheer and utter absurdity for any government claiming to derive its power wholly from the grant of the governed…because it would be granting away their own right to seek their own happiness."