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FEATURED ARTICLE

The Buy-Locally-Owned Fallacy

Karen Selick
We've all heard local merchants tell us that we should buy local. Sounds vaguely patriotic, doesn't it? But does buying local really make sense? And if it does, shouldn't the merchants we buy from buy local also? Karen Selick answers these questions and more in this month's EconLib article. MORE
Ibsen Martinez
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REFLECTIONS FROM LATIN AMERICA

Grey Anatomy

Ibsen Martinez
Can the popular U.S. TV show "Grey's Anatomy" translate to Latin America as easily as Latin America's "Ugly Betty" translated to the U.S.? Read about health care and sitcoms in Latin America. MORE
Anthony de Jasay
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REFLECTIONS FROM EUROPE

Cheap Talk: A Weapon of Mass Destruction: Asset Values, Expectations and the Apocalypse

Anthony de Jasay
Complex questions of biochemistry are usually discussed by biochemists and those in civil engineering by civil engineers. For discussing the economy, the news media offer their columns and screens to anybody, or nearly so. The main qualifications are an acquaintance with the current buzzwords, a glib tongue and a store of explanations of what has happened and threatens to happen that can rouse enough readers and viewers to indignation and dread of the future. Media men need not know much, but they know that good news is no news. MORE