Tuesday, June 11, 2024

Government Failure in One Lesson

Government Failure in One Lesson: "Perhaps the easiest way to explain government failure in one lesson is to remember that there is no such thing as 'the state.' Instead, essential decisions about resource use will be made by political actors." ~Michael Munger

Wednesday, June 05, 2024

When Prosperity Is All They Know

Our Kids Have No Economic Immune Systems: "Kids are told they can do anything, that they are personally mighty and important. But they never have the experience of everyday effort and failure." ~Michael Munger

Monday, May 20, 2024

Biden’s Gutlessness And The ICC

It’s official: Biden is weak and evil: Earlier today, I wrote two posts. One was about the fact that the morally corrupt International Criminal Court (“ICC”) had indicted Israel’s leaders for war crimes. The other was about the fact that the world’s evil actors hav...

Friday, May 17, 2024

Wealth Of Stupid Economic Thinking

When Ideological Bubbles Trump Economic Thinking: "That a Nobel Prize-winning economist can hold these naïve views and fail to use simple economic reasoning should give us pause about how ideology and echo chambers can dull our reasoning." ~Paul Mueller

Thursday, April 04, 2024

Stimulus Spending Doesn’t Work Despite Excuses

Did Government Red Ink Make the US More Dynamic than Europe?: "The new 'reshuffling' thesis of American recovery doesn’t make much sense on the evidence. It serves a convenient political purpose, helping to justify massive federal stimulus." ~Jason Sorens

Tuesday, March 05, 2024

Cherry-Piketty Data

Cherry-Piketty Data: "Whether the distribution is problematic and calls for correction is one question, but measuring the extent of inequality and whether it is getting worse is an entirely different issue." ~Robert Mulligan

Friday, February 02, 2024

The Fraud Virtue Of Taxation

Not a Very Virtuous Virtue Signal: "Calling the extraction of resources from one group to give to others an investment, rather than wealth redistribution that reduces others claims on their own property, is a massive misrepresentation." ~Gary M. Galles

Thursday, February 01, 2024

Milei Proves That Ideas Matter

Milei Proves That Ideas Matter: "Rather than the thin gruel of economic grievance offered by American right-wing populists, Milei’s policies are built on his vast knowledge of sound and successful, albeit politically unpopular, economic thinking." ~ G. Patrick Lynch

Tuesday, January 23, 2024

Fallacies as Economic Disinformation

Profits Do Not Cause Inflation: Causal Fallacies as Economic Disinformation: "Fortunately, the idea that thousands of businesses have colluded to raise prices, boosting their profit margins and engineering the inflation that continues to afflict Americans, is easily disproven." ~Peter C. Earle

Wednesday, January 03, 2024

Unions Serve No Good But Biden Fights For Them Anyway

As Some Workers Try to Free Themselves from Unionization, Biden Officials Try to Dragoon More In: "This case is destined for the Supreme Court, which might take another look at the constitutionality of compulsory unionism. The Court might even decide that the freedom to decide whether you want someone else acting as your representative is a fundamental right." ~George Leef