Author Profile: William Anderson
Biography »
William Anderson is an associate professor of economics at Frostburg State University. He received a doctorate in economics from Auburn University, and is an adjunct scholar with the Mises Institute and the Mackinac Center. He has written for The Freeman since 1981, and also has had articles in Reason Magazine, Forbes On-line, The Free Market, and a number of refereed journals. He is on the editorial board of The American Journal of Economics and Sociology, the Journal of International Business Disciplines, and the Journal of Economic, Social, and Political Studies.Articles »
Do Profits Diminish Medical Care?
Posted in Not So Fast! on 19 August 2009
Stats: 105 views and 16 Comments In a capitalist system, people prosper by providing goods and services that people need and want. It is not the free market that creates distortions; it is and always will be government.
Posted in Not So Fast! on 19 August 2009
Stats: 105 views and 16 Comments In a capitalist system, people prosper by providing goods and services that people need and want. It is not the free market that creates distortions; it is and always will be government.
The Worst is Ahead of Us
Posted in Not So Fast! on 12 August 2009
Stats: 55 views and 12 Comments The news that the jobless rate in this country has gone from 9.5 percent in June to 9.4 percent last month has led President Obama to declare that his policies have “saved the U.S. economy from catastrophe” and have led to another rally in the stock market. While I wish I could agree with the [...]
Posted in Not So Fast! on 12 August 2009
Stats: 55 views and 12 Comments The news that the jobless rate in this country has gone from 9.5 percent in June to 9.4 percent last month has led President Obama to declare that his policies have “saved the U.S. economy from catastrophe” and have led to another rally in the stock market. While I wish I could agree with the [...]
Are Medical Markets an Inherent Failure?
Posted in Not So Fast! on 5 August 2009
Stats: 226 views and 6 Comments From an economic point of view, a scarce good is a scarce good, whether it is medical care or sirloin steak. The problem is that government has piled intervention on top of intervention, and driving up the costs and making care less available in the process.
Posted in Not So Fast! on 5 August 2009
Stats: 226 views and 6 Comments From an economic point of view, a scarce good is a scarce good, whether it is medical care or sirloin steak. The problem is that government has piled intervention on top of intervention, and driving up the costs and making care less available in the process.
Why Malinvestments Matter
Posted in Not So Fast! on 29 July 2009
Stats: 380 views and 2 Comments The reason booms must run aground is because the spending habits of consumers will not sustain the investment activity that has created the boom in the first place. The economic damage can be repaired only by the liquidation of the malinvestments so that the economic fundamentals again can be put into balance.
Posted in Not So Fast! on 29 July 2009
Stats: 380 views and 2 Comments The reason booms must run aground is because the spending habits of consumers will not sustain the investment activity that has created the boom in the first place. The economic damage can be repaired only by the liquidation of the malinvestments so that the economic fundamentals again can be put into balance.
Have Government Deficits “Saved the World”?
Posted in Not So Fast! on 22 July 2009
Stats: 101 views and 7 Comments Last week, I wrote about the crudeness of so-called Keynesian economic theory in which one assumes that all assets and capital “investment” are “homogeneous” in character, which means that their only contribution to the economy is from the money that is spent in their creation and continued operation. This view contrasts with the Austrian paradigm, [...]
Posted in Not So Fast! on 22 July 2009
Stats: 101 views and 7 Comments Last week, I wrote about the crudeness of so-called Keynesian economic theory in which one assumes that all assets and capital “investment” are “homogeneous” in character, which means that their only contribution to the economy is from the money that is spent in their creation and continued operation. This view contrasts with the Austrian paradigm, [...]
The Lowdown on Crude Keynesianism
Posted in Not So Fast! on 15 July 2009
Stats: 228 views and 16 Comments As the economy goes south, we hear calls for a “second stimulus,” most prominently from Paul Krugman, the Nobel-winning economist and New York Times columnist.
Posted in Not So Fast! on 15 July 2009
Stats: 228 views and 16 Comments As the economy goes south, we hear calls for a “second stimulus,” most prominently from Paul Krugman, the Nobel-winning economist and New York Times columnist.
Federal Criminal Law: How the Government Fights Capitalism
Posted in Not So Fast! on 8 July 2009
Stats: 355 views and 276 Comments As the U.S. economy continues to implode, federal prosecutors are finding that juries are all-too-eager to assign blame to those capitalists who allegedly caused this recession.
Posted in Not So Fast! on 8 July 2009
Stats: 355 views and 276 Comments As the U.S. economy continues to implode, federal prosecutors are finding that juries are all-too-eager to assign blame to those capitalists who allegedly caused this recession.
Do We Need State Control of Medical Care?
Posted in Not So Fast! on 1 July 2009
Stats: 173 views and 8 Comments Most people cannot fathom decoupling government control and medical care, as though cost-raising controls actually improve medical service. Yet if we wish to have innovative and affordable medical care, that is precisely what must be done.
Posted in Not So Fast! on 1 July 2009
Stats: 173 views and 8 Comments Most people cannot fathom decoupling government control and medical care, as though cost-raising controls actually improve medical service. Yet if we wish to have innovative and affordable medical care, that is precisely what must be done.
The Real Cost of Health Care
Posted in Not So Fast! on 24 June 2009
Stats: 599 views and 4 Comments When government forces people in the medical fields to expend resources in areas away from medical care, it makes care less available and more costly.
Posted in Not So Fast! on 24 June 2009
Stats: 599 views and 4 Comments When government forces people in the medical fields to expend resources in areas away from medical care, it makes care less available and more costly.
The Totalitarian Times
Posted in Not So Fast! on 17 June 2009
Stats: 641 views and 1 Comment We now know that the “Newspaper of Record” engaged in suppression of the truth, and the man most responsible, Duranty, still has his picture hanging in the lobby of the Times building as one of the paper’s many winners of the prestigious Pulitzer Prize.
Posted in Not So Fast! on 17 June 2009
Stats: 641 views and 1 Comment We now know that the “Newspaper of Record” engaged in suppression of the truth, and the man most responsible, Duranty, still has his picture hanging in the lobby of the Times building as one of the paper’s many winners of the prestigious Pulitzer Prize.
