Reprinted from Law & Liberty By his own admission, Matthew Hennessey is an unlikely author of an economics book. He has no experience in business, accounting, or finance. Until fairly recently, he was quite intimidated by the dismal science. Yet he’s managed to become the Wall Street Journal’sdeputy op-ed editor, so he likely knows a thing […]Read More

How can we stay resilient and avoid becoming fodder for authoritarian social and political movements as the economy declines and the social mood becomes more polarizing? We will all wish for different circumstances, but as the Stoic philosopher Seneca advised, “If you really want to escape the things that harass you, what you’re needing is […]Read More

As March Madness comes to a close, once again we hear that college student athletes are being unfairly “exploited” by being denied salaries for playing sports. Should the NCAA and universities be pressured or forced to change its longstanding policy? This notion, while seemingly sensible at first glance, is badly misguided. If colleges were required […]Read More

Is your retirement account invested in the stock market through a common S&P 500 indexed mutual fund? Does your company’s 401K hold shares in any large, publicly-traded corporation? Well guess what. If you opposed lockdowns, you’re guilty of cynically profiteering off of the deaths of hundreds of thousands of COVID-19 victims. You’re also likely a […]Read More

In 1993, the Center for Market Processes published Wayne Gable and Jerry Ellig’s revelatory monograph, Introduction to Market Based-Management. Charles Koch later expanded their work in his excellent books, The Science of Success and Good Profit. We learned that F. A. Hayek’s work could not only help us make sense of our economic world, but […]Read More

St. Peter’s University’s run of upsets wasn’t the only storyline from this year’s March Madness tournament. The other is that the Memphis Tigers men’s basketball team is in trouble for allegedly paying its players, in violation of NCAA rules. It is time for the NCAA to do the right thing and allow players to be paid, for […]Read More

“Jen realized she had never experienced this before — profound cognitive dissonance.” A moment of crisis strikes the title character of George Leef’s new novel, The Awakening of Jennifer Van Arsdale(Bombardier Books, 2022). How will Jen handle it? Does she suppress the feeling and practice what George Orwell called Doublethink: “The power of holding two […]Read More

Some companies have the luxury of allowing employees to decide whether they want to continue working from home or return to the office, while others are leveraging WFA (work from anywhere) options to attract talent and serve as a sign-on bonus. However, the ‘do what you want’ mantra being championed by some is not as simple as it […]Read More

After ten days of offering to purchase gold for a fixed number of rubles, the Russian central bank has announced that going forward it will pay negotiated rates in future purchases of gold in rubles.  On Friday, March 25, 2022, the Bank of Russia announced that it would set a fixed price for gold purchases […]Read More

Climate activists’ current stated goal is to limit global warming to 1.5 degrees Celsius compared to pre-industrial levels. To achieve this goal, according to the latest IPCC report, atmospheric CO2 levels must peak by 2025. But this battle is already lost, so what is their Plan B? The above statement is not a critique of […]Read More