Posted by Dave Prychitko on The Economic Way of Thinking blog. The new October unemployment data is in. The national unemployment rate hit 10.2%, with 15.7 million people unemployed. The Obama stimulus plan doesn’t appear to be working. What could we do with a trillion dollar-backed stimulus plan? My first-best solution: There are a million [...]
Tag Archives: Dave Prychitko
Economic Freedom Is A Necessary (But Not Sufficient) Condition For Political Freedom: A Note From My Capitalism, Socialism, & Democracy Course
Posted by Dave Prychitko Considering both economic theory and the historical record, it is reasonable to believe that if a society tries to abolish the market economy it will find that it abolishes the wealth-generation and long-run growth that only a market system can provide, and, on top of that, it will become more undesirably [...]
