Here is an interesting exam question that could be the only question on the final exam of a first rate economics class...

University of Chicago economist Gary Becker, in the midst of a mostly predictable analysis of the financial crisis and criticism of the Obama stimulus package at lunch at the Milken hoedown today, said a couple of interesting things: 1) Becker has built an estimable career around the notion that individuals generally respond rationally to economic incentives, even in areas not normally thought of as economic...

Some years ago, Judge Douglas Ginsburg coined the phrase "a constitution in exile" to describe those, like myself, who never reconciled themselves to the constitutional revolution of 1937, which made the world safe for the New Deal reforms that authorized the federal government to cartelize labor and agricultural markets, and lots more...

On Monday at the 2009 Milken Institute Global Conference on Monday the CEO of Bank of New York Mellon Corp Robert Kelly noted that American companies are controlled today by too many regulators which could undermine the U.S. recovery...