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You wouldn’t think that policymakers need to be reminded that technological progress raises living standards and creates new (and better) employment opportunities. Alas, some comments President Obama made in a speech last week seemed to link technology to job losses. “There are some structural issues with our economy where a lot of businesses have learned [...]

Read Part II here In February, Congress passed the Obama Administration’s “(Five Year) National Broadband Plan,” part of the so-called “Stimulus.” (As economist Russ Roberts put it, government “stimulus” is “like taking a bucket of water from the deep end of a pool and dumping it into the shallow end.”) The Plan transfers $7.2 billion [...]

Two weeks ago, I mentioned here that John Stuart Mill’s On Liberty celebrated its 150th anniversary this year.  This year also marks the anniversary of another classic text: Adam Smith’s The Theory of Moral Sentiments, which turns 250 this year.   Although Smith will always be most closely associated with The Wealth of Nations, some [...]