Historically, economists have paid little attention to national constitutions, leaving that to legal scholars. But questions about the constitutionally proper economic role of government arise frequently now, at least among the general populace, if not among economists. So the issue…
Revaluations cause increased demand
When the U.S. Postal Service announced that it is seeking to raise first-class postage to 46 cents, it placed itself in the same position China did when, a few weeks ago, it announced that it would let the value of…
Merkel’s economic ideology is off the mark
German Chancellor Angela Merkel studied physics, not philosophy, but German university studies usually include some study of logic. Yet she apparently fails to recognize the logical fallacy in the economic strategy she advocates, not only for the country she heads,…
If a tree falls in the city, who is responsible to get it out of the way?
Making government smaller, we’re told, is an idea that increasing numbers of Americans find appealing. Accomplishing that may be a long trek, but the city of Golden Valley took a first step this week when, breaking with past practice, it…