Black Markets

He who names, wins. And one of the things that statists, tyrants and bullies like to do, when their regulations have shut virtually every productive thing down, is call the small remaining enclaves of free transactions “black markets.” Black markets, aye. And of course, there is a certain kind of Christian who, when Congress (in …

Real Wealth Hasn’t Gone Anywhere

In these, the golden years of congressional farce, we need periodically to be reminded of a few basic economic realities. Here is just one of them. I will try to offer up others from time to time, but I keep getting distracted by the glorious theatrics all arouund us. It is hard to keep my …