It isn't because of the supposed gloom that comes from understanding that scarcity means we must make trade-offs. Rather, as Professor David Levy explains in this Freeman article, the term was coined by enemies of laissez-faire who thought that slavery was just fine and found the free-market case against it "dismal." Hat tip: Frank Stephenson
October 29, 2024
Today’s Middle Eastern Studies Centers are facing a crisis due to the winds of change in the Middle East and their own ideological echo chamber....
November 19, 2024
NAS welcomes the nomination of Congressmen Lee Zeldin to lead the Environmental Protection Agency....
November 20, 2024
With McMahon, the new administration has a chance to drastically slim down and depoliticize the Education Department....
May 15, 2015
A look at the double standard that has arisen regarding racism, illustrated recently by the reaction to a black professor's biased comments on Twitter....
October 12, 2010
What does it mean to be Latino? Are only Latin American people Latino, or does the term apply to anyone whose language derived from Latin?...
May 26, 2010
A sampling of arguments for the idea that college may not be for everyone....
