Economic Calculation - Michael DeVinney

From Delusion to Destruction

Statism aims at the substitution of the rational for the irrational. If calculation were possible, we wouldn’t need overlords to … Read the rest

The Political Business Cycle 50 Years Later May 10, 2025
William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.
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Why Elon Musk Is Right: The Case Against Subsidizing Amtrak May 10, 2025
Amtrak is always on the verge of reviving intercity rail traffic in the US, or at least that is what politicians want us to believe. The truth is that the case for defunding Amtrak has never been stronger.
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