Archive for the ‘Economics’ Category

Freedomnomics: Why Free Markets Work and Other Half-Baked Theories Don’t

Friday, September 18th, 2009


This important book dispels popular economic myths promulgated by the media and the authors of Freakonomics. John Lott explains through his informative and understandable writing, how and why the free market system works. He further dispels many radical and flawed theories by presenting factual and verifiable statistics.

During discussions of important social and economic issues, such as gun control, we often hear a politician on television espousing the need for more gun control and further restrictions on legal personal ownership of hand guns. Lott demonstrates legal guns in the hands of law abiding citizens reduces likelihood of a crime committed against a citizen. States with concealed weapons laws saw a decrease in crime continuing years after the law was enacted. To my amazement, Lott further proves the assault weapons ban did nothing to reduce crime, with the murder rate actually falling after the assault weapons ban was lifted.

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