Consumer legislation doesn’t in the end protect the consumer; rather, it benefits the consumer advocates, including reformers, special interest groups, and regulatory agencies. What does protect the...

Five myths cloud our perception of both the past and the present. (1) The “robber baron” myth which holds that in late nineteenth-century America there were powerful men who became rich at the...

William R. Allen is a Professor of Economics at UCLA, and host of 'The Midnight Economist' radio series. Allen, intent on improving the quality of economic education, believes journalists,...