Wonder Information Tag

The discontent and unrest that followed the 2020 presidential election was, at least in major part, one of the innumerable destructive consequences of an almost 250-year-old error in economic theory made by Adam Smith: namely, the belief that profits are a deduction from wages. (See...

(Don Boudreaux) Tweet… is from page 127 of John Mueller’s superb 1999 book, Capitalism, Democracy, & Ralph’s Pretty Good Grocery: Intellectuals who consider business to be boring, mindlessly repetitive, unsatisfying, or lacking in daring, courage, and imagination have never tried to run – much less start...

William Happer, emeritus professor of physics at Princeton and an expert on climate, recently explained why today’s “climate frenzy” is not a crisis. Harper spoke at a seminar sponsored by Hillsdale College.  Among the highlights: “The best way to think about the frenzy over climate is...

Some recommendations for developing compassion, courage, determination, fairness, grit, honesty, patience, respect, responsibility, self-motivation, and temperance.We may be witnessing the resurgence of character education. There seems to be renewed interest in what was, for eons, a core element of education—teaching young people the attributes...

(Don Boudreaux) TweetI’m starting here at Cafe Hayek a new series titled “Who Says Capitalism Doesn’t Work?” (I almost titled it: “Who Says Ordinary Americans Aren’t Amazingly Prosperous?”) The series will feature goods, services, events, and experiences that only a people magnificently rich can afford. Here’s my...

In 2008, I wrote a book, The End of America: Letter of Warning to a Young Patriot. I warned, based on my study of closing democracies in 20th century history, that America needed to beware of a slide toward totalitarianism. I warned that would-be tyrants, whether...