Nobel winners stay skeptical of federal debt

Freedom New Mexico Economics may be called the “dismal science.” But, boy, when government gets it wrong, untold misery results — as we’re seeing as the Great Recession keeps rolling on like a four-year Halloween horror show. The co-winners of this year’s Nobel economics prize are two Americans whose work shows how important their discipline […]

Film incentives must be reasonable

The crafting of the state budget is an exercise in economics, not emotion. I have received hundreds of e-mails from passionate supporters of the film industry, pleading for the Legislature to leave New Mexico’s generous film subsidy unchanged. Almost all of those contacting me appear to believe that this incentive program merely returns to the […]

Appraising not as interesting now

By Glenda Price: CNJ columnist I did not do well in the study of economics in college. When the professor spoke oh so eloquently of “elasticity” of supply and demand, I felt my eyes glaze over. During that time I learned that “if you place all the economists in the world end to end they […]

Cowboys’ ticket prices will test fan economics

Freedom New Mexico It’s nice to know that, in these difficult economic times, there is help out there for

Idea of free market highly unlikely

By Tibor Machan: Freedom columnist The social science of economics became distinct when several French intellectuals and Scottish moral philosopher Adam Smith isolated the field for special study. For a long time thereafter certain assumptions underpinned the discipline, mostly about human behavior. These assumptions arose from the work of English philosopher Thomas Hobbes, who believed […]

Obama aides prefer pricey regulations

Freedom New Mexico With his choices of top aides in the areas of economics and national security, President-elect Barack Obama veered toward the center of the Democratic Party. He’s mostly appointed people who initially supported the misbegotten Iraq war (and keeping nominal Republican Robert Gates on) to national security posts and people with Clinton-era experience […]

Candidate Lujan talks war, economics

By Gabriel Monte: CNJ staff writer Linda Uttaro said Saturday the country’s economic crisis has affected her daughter’s education. Uttaro, a 65-year-old retired school administrator, expressed her frustration to 3rd U.S. Congressional representative candidate Ben Ray Lujan during a town hall meeting at the Memorial Building in Portales. She said her daughter, already $90,000 in […]

Civil warrior’s fight for truth made big impact

By Freedom Newspapers It is rare when great intellectual and policy achievements are combined with great personal decency, warmth, charm and unfailing consideration toward others. Milton Friedman, who died last week at age 94, combined all those characteristics and more. He was a great friend of freedom, an untiring champion of liberty, and he will […]

Nobel winner expands upon basic economics

By Freedom Newspapers We were holding out, and we still are, for Gordon Tullock. He’s the economist who worked so closely with James Buchanan (who already has his Nobel) in the development of “public choice” economics, which put academic meat on the common-sense observation that government employees are guided by personal and institutional self-interest rather […]

19th century intellectuals elitist, racist

Walter E. Williams: Syndicated Columnist Karl Marx is the hero of some labor union leaders and civil rights organizations, including those who organized the recent protest against proposed immigration legislation. It’s easy to be a Marxist if you haven’t read his writings. Most people agree that Marx’s predictions about capitalism turned out to be dead […]