Defending the Judeo-Christian Heritage, limited government, and the American Constitution
Saturday February 13th 2016

‘Steven Horwitz’

Socialism is War and War is Socialism

Socialism is War and War is Socialism

STEVEN HORWITZ, THE FREEMAN " planning does not accidentally deteriorate into the militarization of the economy; it is the militarization of the economy.… When the story of the Left is seen in this light, the idea of economic planning begins to appear not only accidentally but inherently reactionary. The theory of planning was, from its [...]

Fast Cash: Easy Credit and the Economic Crash

Fast Cash: Easy Credit and the Economic Crash

STEVEN HORWITZ, THE FREEMAN FEE alum Dorian Electra is at it again with her new music video, "FA$T CA$H: Easy Credit & the Economic Crash." Here is what economist Steve Horwitz has to say about it: On the surface “FA$T CA$H: Easy Credit & the Economic Crash” is a whimsical look at spending and saving, but the message is much [...]

Is Being Less Productive Good for Humanity?

Is Being Less Productive Good for Humanity?

STEVEN HORWITZ, THE FREEMAN It is not often that one comes across an article, especially one in arguably the most important newspaper in the country, that is so misguided across the board that one hardly knows where to begin in pointing out its errors. Unfortunately, such an article appears in the May 27 New York Times. Tim Jackson’s [...]

Is Being Less Productive Good for Humanity?

Is Being Less Productive Good for Humanity?

STEVEN HORWITZ, THE FREEMAN It is not often that one comes across an article, especially one in arguably the most important newspaper in the country, that is so misguided across the board that one hardly knows where to begin in pointing out its errors. Unfortunately, such an article appears in the May 27 New York Times. Tim Jackson’s [...]

Horwitz: Debating the Stimulus

Horwitz: Debating the Stimulus

Avoid the GDP distraction STEVEN HORWITZ, THE FREEMAN With the election season in full swing, we can expect economic issues to be at the forefront of the candidates’ efforts to define their differences with each other.  One issue sure to be under the microscope is the effectiveness of President Obama’s stimulus program.  Here are some [...]

Who Plans Best for Natural Disasters?

Who Plans Best for Natural Disasters?

Hurricane photo courtesy of NASA. Private firms or government agencies? STEVEN HORWITZ, THE FREEMAN As Hurricane Isaac rakes the U.S. Gulf Coast, it’s worth reminding ourselves who really plans well for disasters and does the best job responding to them. In the last few days TV crews have endlessly interviewed politicians about how [...]

Droughts, Famines, and Markets

Droughts, Famines, and Markets

STEVEN HORWITZ, THE FREEMAN Why crop failures need not starve anyone. As I write, many high school students all over the United States, my daughter included, are reading John Steinbeck’s The Grapes of Wrath, with its portrayal of the 1930s Dust Bowl, in preparation for literature courses in the fall.  Steinbeck’s fictional account [...]

It’s Not a Black-and-White World

It’s Not a Black-and-White World

Charles Dickens STEVEN HORWITZ, THE FREEMAN Find the good among the bad. Last Saturday night I attended Sarah Skwire’s “Evening at FEE.” In her excellent lecture, Skwire, a poet and Liberty Fund fellow, debunked the myth widely held by classical liberals (and others) that Charles Dickens was consistently anti-market. She presented [...]

Remembering Heroes of Darker Days

Remembering Heroes of Darker Days

STEVEN HORWITZ, THE FREEMAN The FEE library and keepers of of the Austrian flame. I had the great fortune to spend last week teaching at the Advanced Austrian Economics seminar at FEE’s Irvington-on-Hudson mansion. As readers may or may not know, the mansion has been sold, although it may take some time before all of the bureaucratic [...]

Economics Is Not Materialist

Economics Is Not Materialist

STEVEN HORWITZ, THE FREEMAN One accusation made against economists, and particularly those of us strongly inclined to support free markets, is that we only, or mostly, care about material things. This totally misunderstands economics and how economists understand the world. In fact, the truth is just the opposite. For good economists the [...]

Thoughts on Obamacare, Part III

Thoughts on Obamacare, Part III

STEVEN HORWITZ, THE FREEMAN Break the link between employment and insurance. In the first two installments of this series (here and here), I argued that libertarians criticizing Obamacare needed to avoid coming across as defenders of the interventionist status quo and discussed a number of potential problems the Affordable Care Act might [...]

Sunk Costs: There’s No Crying Over Spilled Milk

Sunk Costs: There’s No Crying Over Spilled Milk

STEVEN HORWITZ, THE FREEMAN Nobel Prize-winning economist James Buchanan is fond of saying, “It takes varied reiterations to force alien concepts on unwilling minds.” That aphorism is surely true. Many basic ideas in economics require repeated attempts at explanation, and a variety of applications, before people fully grasp them and their [...]

That’s Not Kosher: How Four Jewish Butchers Brought Down the First New Deal

That’s Not Kosher: How Four Jewish Butchers Brought Down the First New Deal

STEVEN HORWITZ, THE FREEMAN Jewish-Americans have a long history of finding role models who broke barriers, accomplished great things, or engaged in more mundane acts of heroism. Jewish religious schools are full of discussions of athletes like Hank Greenberg and Sandy Koufax, or the legions of Jewish entertainers and scholars, as ways to [...]

Equal Pay Day: Some Thoughts

Equal Pay Day: Some Thoughts

Steven Horwitz, The Freeman Tuesday was Equal Pay Day, designed to point out the lingering gap between men’s and women’s earnings. Depending on which group you listen to and which way of measuring you trust more, the average woman earns 75-80 percent of the average man’s pay. Many women’s organizations, as well as left-leaning [...]

The Problem with Privatization

The Problem with Privatization

It's about competition. STEVEN HORWITZ, THE FREEMAN Classical liberals commonly favor “privatization” of many government activities.  Their case, of course, is that the private sector would provide goods and services at lower cost and of higher quality than government can.  Since classical liberals are right about this, why do I think [...]

Not Just What, But How

Not Just What, But How

ECONOMIC THEORY, STEVEN HORWITZ There are a variety of ways to look at the fundamental problem that all economies must solve. One way is to talk about the responsiveness of producers to consumers. In this view, the problem the economy solves is figuring out what consumers want and then giving it to them. The challenge here is how producers [...]

There is No Great Stagnation: Coffee Edition

There is No Great Stagnation: Coffee Edition

Stephen Horwitz, The Freeman In a previous column I took on Tyler Cowen’s argument that the last few decades have been a period of “stagnation,” devoid of major wealth-enhancing innovations, by exploring how easy it was for me to order a part for my gas grill compared to a decade or two earlier, thanks to gains in technology and trade [...]

Rhetoric, Reality, and the Recession

Rhetoric, Reality, and the Recession

Free Enterprise Zone, The Freeman, Steven Horwitz An enduring question about the lagging economic recovery is why so many Progressives continue to insist that more government is the solution, considering that we have now had three years of large-scale government responses under two different presidents. It’s easy to say that Progressives will [...]

The Expanding Sphere of Opportunities

The Expanding Sphere of Opportunities

Free Enterprise Zone, The Freeman, Steven Horwitz In earlier columns and other writing I have tried to emphasize that an excessive focus on economic aggregates can distort our understanding of how markets work and the effects of government policies. One area in which aggregates can be particularly problematic is the capital structure of an [...]

The Tax-the-Rich Truth Squad

The Tax-the-Rich Truth Squad

Free Enterprise Zone, The Freeman, Steven Horwitz President Obama has unveiled his so-called deficit reduction plan.  Besides spending cuts that aren’t really cuts, he has proposed ending the Bush-era tax cuts for individuals making $200,000 (couples $250,000) or more and an additional surtax on those earning a million or more.  The [...]

 Page 1 of 4  1  2  3  4 »