Why Hayek (and I) would've opposed the creation of a Nobel Prize in economics. In 1974, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (colloquially known as the Nobel Prize in economics) was awarded to Austrian economist Friedrich Hayek. Hayek’s award and subsequent…

Recently, my truck was stolen, forcing me to get some new wheels. And, for the first time in my life, I've been looking to buy a new car. The process has involved hours of searching. Painful haggling. And encounters with many dealerships that, quite frankly, have been downright duplicitous. The…