August 6, 2019        

Beyond the issue of guns itself, there is another basic fallacy whenever there is a discussion over political solutions to a particular problem — a narrow focus on federal action.

 

On a recent mountain-climbing trip to Russia, it became very clear how nation and state are two very different ideas. Most everyone I encountered was proud of his nation. Few had much good to stay about their states.

Proposals to ban single-use plastics is yet another triumph of symbolism over substance. Unfortunately, while the benefits are largely illusory, the costs are quite real.

Contrary to popular thinking, we do not need the central bank to stabilize prices in order to promote economic prosperity. The central bank can neither know the "correct" level at which to stabilize prices, nor can it know the right way to do it.



    

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