Thomas Carlyle, a 19th century historian and essayist called economics the “dismal science.” Many people are familiar with this description. It is widely believed that Carlyle was referring to the...

Good intentions are a driving force behind many government policies. The proposal to increase the minimum wage is one example. The “stimulus bill,” The American Recovery and Reinvestment Act of 2009,...

Recently, I was on my hands and knees at home putting together some chairs that my wife ordered through Amazon.com. Each chair displayed a sticker that said, “Made in Vietnam.” How ironic, I thought:...