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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...

[Leer en español]“Government,” observed the great Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper and make it worthless by applying ink.”Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply...

Confession: ever since I began to study economics as an 18-year old, I’ve always had difficulty understanding the thought processes of people who fancy themselves fit to intervene into the affairs of other adults in ways that will improve the lives of other adults as...

Here’s a letter to a new correspondent: Mr. Jones: Thanks for sharing your thoughts on my recent essay on the importance of Econ 101. While I agree with much that you write, I plead guilty to your charge of “dulling students’ excitement about solving collective challenges through democratic...