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FEATURED ARTICLES

Opting Out of Social Security

Robert P. Murphy
March 6, 2017

The unfunded obligation for the federal government's Social Security and disability program is currently estimated to be $11.4 trillion. In this month's Econlib Feature Article, Robert P. Murphy suggests an opt-out plan that would make both future beneficiaries and the federal government better off. No, it's not magic. It has to do with the low "rate of return" that many beneficiaries get on their "contributions" compared to what they could get if they invested their own money. Read on.

Arnold Kling

Complacent or Pathological?

Arnold Kling
March 6, 2017
Creative, complacent, or... pathological? Tyler Cowen claims that a wealthy and isolated subset of America, the complacent class, is to blame for the current lack of dynamism in the U.S. economy. But Arnold Kling isn't quite ready to buy in to Cowen's line of argument....
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FEATURED COLUMNS

THINKING STRAIGHT

Anthony de Jasay

Trade Wars Have No Winners, Only Losers

Anthony de Jasay
March 6, 2017
While Europe struggles to keep its fiscal house in order, new challenges come from across the Atlantic. American President Donald Trump appears to be taking aim at Germany and the euro, and Anthony de Jasay suggests wrong thinking and potentially devastating consequences.
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AN ECONOMIST LOOKS AT EUROPE

Pedro Schartz

George Bernard Shaw and Creeping Socialism

Pedro Schwartz
February 6, 2017
Pedro Schwartz had long been familiar with anecdotes about the flamboyant personal life of George Bernard Shaw, but after reading Michael Holroyd's biography of Shaw, Schwartz realized his view of the man was out of focus. In this month's column, Schwartz traces the "creeping socialism" he sees rampant today to Shaw and his merry band of Fabian socialists.
MORE ARTICLES BY PEDRO SCHWARTZ