Economic Education
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The Case of Evergrande: Is There a Housing Bubble in China?
“The Chinese housing bubble is enormous; various economic indicators leave no room for doubt. Evergrande’s problem is not an isolated issue but a systemic problem with the Chinese economy.” ~ Daniel Fernández
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A Three-Pronged Blunder, or, What Money Is, and What It Isn’t
“Can we please junk the stupid three-function definition of money? So what if textbook writers keep repeating it? It’s incoherent. It’s based on some earlier economists’ sloppy reading of Jevons’s classic treatment.” ~ George Selgin
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Negative Interest Rates and the ECB’s Brave New Credit World
“The widely negative real interest rates, which have already been a reality in some segments of the European capital markets, might foreshadow this loss of welfare for the European people.” ~ Gunther Schnabl & Nils Sonnenberg
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Government Jobs for All?
“Production requires real work, not government make-work jobs. By diverting millions out of productive private sector jobs, the MMT jobs guarantee seems guaranteed to impoverish America.” ~ Daniel J. Sutter
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Was Keynes Right on Short Work Weeks?
“When one takes the time to consider the multiple dimensions of what constitutes human well-being just as Crafts did, it is hard not to engage in hyperboles such as ‘We are infinitely better off than our close ancestors.'” ~ Vincent Geloso
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An Open Letter to a Candidate for Political Office
“We can always use another genuine entrepreneur. You are rightly proud of being one. Please, stick to being an entrepreneur. Only then will you truly help not only your fellow Californians in the 42nd district, but the whole of humanity.” ~ Donald J. Boudreaux
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Not Worth a Continental
“In hindsight, it is difficult to fathom how the patriots erred so grievously in issuing paper money during the Revolution. At least a certain amount of them were aware that only a limited amount of paper money could be issued before engendering an inflationary spiral.” ~ Clifford F. Thies
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Halloweenomics
“When we extort treats with threats the same month that the federal fiscal year begins, and just before major elections in every even-numbered year, it reminds us of how commonly trick-or-treating describes politics as we are forced to bear it.” ~ Gary M. Galles
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Adam Smith and Problems with the New Paternalism
“Dynamic perspectives on welfare exacerbate the error-identification problem. If we ourselves are in the process of discovering our values, how can an external party possibly arrange our choices such that they make us better off as judged by ourselves?” ~ Erik Matson
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The Surprising Social Signals of Halloween
“When those goblins and ghouls come knocking at your door on October 31st, cherish that you are part of a community that values sacrifice, graciousness, and cooperation.” ~ Anthony Gill & Michael Thomas
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•
The Case of Evergrande: Is There a Housing Bubble in China?
“The Chinese housing bubble is enormous; various economic indicators leave no room for doubt. Evergrande’s problem is not an isolated issue but a systemic problem with the Chinese economy.” ~ Daniel Fernández
-
•
A Three-Pronged Blunder, or, What Money Is, and What It Isn’t
“Can we please junk the stupid three-function definition of money? So what if textbook writers keep repeating it? It’s incoherent. It’s based on some earlier economists’ sloppy reading of Jevons’s classic treatment.” ~ George Selgin
-
•
Negative Interest Rates and the ECB’s Brave New Credit World
“The widely negative real interest rates, which have already been a reality in some segments of the European capital markets, might foreshadow this loss of welfare for the European people.” ~ Gunther Schnabl & Nils Sonnenberg
-
•
Government Jobs for All?
“Production requires real work, not government make-work jobs. By diverting millions out of productive private sector jobs, the MMT jobs guarantee seems guaranteed to impoverish America.” ~ Daniel J. Sutter
-
•
Was Keynes Right on Short Work Weeks?
“When one takes the time to consider the multiple dimensions of what constitutes human well-being just as Crafts did, it is hard not to engage in hyperboles such as ‘We are infinitely better off than our close ancestors.'” ~ Vincent Geloso
-
•
An Open Letter to a Candidate for Political Office
“We can always use another genuine entrepreneur. You are rightly proud of being one. Please, stick to being an entrepreneur. Only then will you truly help not only your fellow Californians in the 42nd district, but the whole of humanity.” ~ Donald J. Boudreaux
-
•
Not Worth a Continental
“In hindsight, it is difficult to fathom how the patriots erred so grievously in issuing paper money during the Revolution. At least a certain amount of them were aware that only a limited amount of paper money could be issued before engendering an inflationary spiral.” ~ Clifford F. Thies
-
•
Halloweenomics
“When we extort treats with threats the same month that the federal fiscal year begins, and just before major elections in every even-numbered year, it reminds us of how commonly trick-or-treating describes politics as we are forced to bear it.” ~ Gary M. Galles
-
•
Adam Smith and Problems with the New Paternalism
“Dynamic perspectives on welfare exacerbate the error-identification problem. If we ourselves are in the process of discovering our values, how can an external party possibly arrange our choices such that they make us better off as judged by ourselves?” ~ Erik Matson
-
•
The Surprising Social Signals of Halloween
“When those goblins and ghouls come knocking at your door on October 31st, cherish that you are part of a community that values sacrifice, graciousness, and cooperation.” ~ Anthony Gill & Michael Thomas