Charging “prices” does not a market make.

I have tried to avoid saying much about the “Confederate statues” kerfuffle. That’s partly because the issue is more complicated than it’s often made out to be.

If I have my news, and you have yours, and both of us rely on truthiness — the uncontestable “essential” truth of our beliefs, regardless of facts — it’s impossible to have a conversation.

Organized interest groups are able to control a lot of policy making, even if most people in the unorganized public disagree with them.

The wary cat has a theory of the world: “Stove burns you. Stay away from stove.”

People sometimes ask me, “What is the most important concept in political economy?” The answer is easy, but subtle …

Toronto city officials recently threatened a man with fines for building an unlicensed staircase in a local park.

A few weeks ago, I was on the toxic cesspool that Twitter has become, and got a reply to one of my Tweets: “You libertarians need to realize corporations=/=people if you want people to take you seriously.”

Fifty years from now, people will look back on the turn of the century and wonder about us. They will wonder why we were so wasteful, so selfish.

In which economist Michael Munger explains jokes, making them funnier. Seriously though, if you want to know why economist jokes exist, this is your jam.

A number of folks I respect have gone full Never Trump, and a few have come out in support of the administration, to varying degrees. But quite a few of “us” have rejected full-on support or opposition, lapsing into what I’ve come to think of as “But What About….?”-ism.

Suppose you want to reduce deaths in automobile accidents. Should you make cars safer? Seems like a no-brainer, right? But consider: suppose instead of an airbag in your steering column, we put a six-inch dagger.

One great benefit of markets is that prices tell us what to do. Not through orders, which often don’t work, but through incentives.

The road to tyranny is paved with good intentions.