Speaking of recent columns by great economists...

... Thomas Sowell's most recent column, "Is Thinking Obsolete?", is a must-read for anyone following the media hype over what can be done about high gas prices. Sowell points out that the oil companies are an easy scapegoat, but that putting some actual thought into the issue reveals a different picture.

Walter Williams on the virtues of not caring

The latest weekly column by economist Walter Williams, called Caring vs. Uncaring, gives a brief but helpful reminder of how economics really works. While one must be careful not to conclude from this piece that there is little or no value in caring and selflessness, Williams makes some good basic points, particularly about the positive role of profits in our economy.