Phelps has given us a clear warning of the dangers of corporatism. I hope that more people hear and heed the warning.
Arnold KlingI think that the main issue with inequality is not the gap between the rich and the poor. It is the gap between the earnings of top business leaders and the salaries of academics and journalists.
Arnold KlingConstitutional provisions are not barriers to government misconduct. At best, they can be speed bumps.
Arnold KlingThe prescription for better health care is more freedom to innovate, not remote-control surgery from Washington.
Arnold Kling