Economic Education
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What That Viral Starbucks Barista Doesn’t Understand about Risk
The tweeting employee fails to understand that she is taking on almost no risk and is being compensated accordingly.
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Flawed Research of Fed Governor Lisa Cook
Serious policymaking requires attention to evidence, not just a desirable finding.
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Adam Smith on Why Executioners Are So Well Paid
Personal preference plays a huge role in labor markets. Even our moral distaste can be priced.
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Five Myths About Tariffs
Tariffs distort market signals that would otherwise lower costs, raise competition, and motivate reinvestment.
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What Happens if Bitcoin Goes Up Forever?
Central bankers who attack bitcoin should apply the same skepticism to a legacy system of fiat money.
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Biden on Unions: Right for the Wrong Reasons
Why did Biden not invoke Taft-Hartley in the Longshoremen case? Perhaps he understood that both parties had a strong incentive to find an acceptable solution.
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High Prices Hurt, But Help Us Coordinate Crisis Relief
Disasters create desperate need and diminish supply at the same time. High prices reflect that painful reality and motivate us to correct the situation quickly.
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Resource Allocation: Why You Can’t ‘Just Ignore the Economists’
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
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Alfred Marshall’s Scissors
“There is simply no necessary relationship between cost and price.” ~Michael Munger
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Ten Lessons of the Economic Way of Thinking
“Humans do not obtain god-like knowledge, wisdom, or goodness by acting politically.” ~Donald J. Boudreaux
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•
What That Viral Starbucks Barista Doesn’t Understand about Risk
The tweeting employee fails to understand that she is taking on almost no risk and is being compensated accordingly.
-
•
Flawed Research of Fed Governor Lisa Cook
Serious policymaking requires attention to evidence, not just a desirable finding.
-
•
Adam Smith on Why Executioners Are So Well Paid
Personal preference plays a huge role in labor markets. Even our moral distaste can be priced.
-
•
Five Myths About Tariffs
Tariffs distort market signals that would otherwise lower costs, raise competition, and motivate reinvestment.
-
•
What Happens if Bitcoin Goes Up Forever?
Central bankers who attack bitcoin should apply the same skepticism to a legacy system of fiat money.
-
•
Biden on Unions: Right for the Wrong Reasons
Why did Biden not invoke Taft-Hartley in the Longshoremen case? Perhaps he understood that both parties had a strong incentive to find an acceptable solution.
-
•
High Prices Hurt, But Help Us Coordinate Crisis Relief
Disasters create desperate need and diminish supply at the same time. High prices reflect that painful reality and motivate us to correct the situation quickly.
-
•
Resource Allocation: Why You Can’t ‘Just Ignore the Economists’
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
-
•
Alfred Marshall’s Scissors
“There is simply no necessary relationship between cost and price.” ~Michael Munger
-
•
Ten Lessons of the Economic Way of Thinking
“Humans do not obtain god-like knowledge, wisdom, or goodness by acting politically.” ~Donald J. Boudreaux