Economic Education
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A Policy Wishlist for Summer 2021, Initially Composed While Stuck in Traffic
“These may not be very likely, but a man can dream, can’t he–especially when he’s stuck in stop-and-go traffic? If, by some miracle, some of these actually happen, we can move on to other improvements when Fall rolls around.” ~ Art Carden
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Does “Expected Inflation” Explain or Predict Inflation?
“There might be higher inflation ahead, but neither year-to-year CPI changes, the 2020 lockdowns, or news-based monthly opinion polls about expected inflation provide reliable advance clues about what lies ahead. Meanwhile, the low break-even rate offers a good reason to be skeptical of high inflation forecasts.” ~ Alan Reynolds
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Which Antitrust Doctrine Deserves Your Trust?
“Proper reforms should leverage more market functions, not less. In contrast, the neo-Brandeisian model will reintroduce a crippling regime of arbitrary and further unchecked state power that will surely sap the vibrancy from the American economy at a time when it is needed most.” ~ Ethan Yang
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A Conversation On Post-Pandemic Economic Recovery
“Dr. Darcy W.E. Allen, a vocal proponent of innovative digital technologies and the economics of blockchain, joins Ethan Yang for another rigorous discussion about his new book ‘Unfreeze: How to Create a High Growth Economy After the Pandemic and more.'” ~ AIER
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United’s Bid for Supersonic Supremacy Vivifies Burden of Government
“It’s something to keep in mind in consideration of the massive size of the federal government. Trillions in annual spending by politicians logically limits the amount of capital available for businesses trying to improve the present, or in Aerion’s case, striving to create a much better future.” ~ John Tamny
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You Are Not Paying a Higher Relevant Tax Rate Than Billionaires
“Allegations that higher income earners don’t pay their ‘fair share’ of taxes are a mainstay misrepresentation of the political left. When the facts say otherwise, they simply twist the facts and ignore more serious studies. ProPublica’s latest effort is just one more of a long line of such analytical abuses, whose details have varied over…
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This Claim of Market Failure Deserves No Credit
“If you who claim to identify a market failure could, but don’t, voluntarily put your own money where your mouth is in an attempt to address that alleged failure, why should anyone listen to your pleas for government to coercively put other people’s money where your mouth is?” ~ Donald J. Boudreaux
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The Labor Shortage Is a Government-Contrived Scarcity
“Contrived scarcities, in principle, could be gone tomorrow if the government’s economic policies fostering, creating and sustaining them were abolished and eliminated. The individual’s freedom of choice and action as both consumer and producer will have been more fully restored with a less intervening government.” ~ Richard M. Ebeling
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Where Economics and Management Studies Overlap: A Brief Review of Austrian Perspectives on Entrepreneurship, Strategy, and Organization
“Elements is a good refresher for people who haven’t thought about it in a while, and I think it’s also a good jumping-off point for teachers looking to organize lectures and classroom activities. Yes, markets tend toward equilibrium, but this Element points us to the journey, and that’s where all the entrepreneurial action is.” ~…
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Why British House Prices Went Up When They Should Have Gone Down
“Two other developments undermine the idea that houses got more expensive in the last year: real interest rates and plenty of household savings. Those two trends mean that even though the sticker prices of many British homes are higher than they were before the pandemic, the ease with which the typical household could acquire them…
-
•
A Policy Wishlist for Summer 2021, Initially Composed While Stuck in Traffic
“These may not be very likely, but a man can dream, can’t he–especially when he’s stuck in stop-and-go traffic? If, by some miracle, some of these actually happen, we can move on to other improvements when Fall rolls around.” ~ Art Carden
-
•
Does “Expected Inflation” Explain or Predict Inflation?
“There might be higher inflation ahead, but neither year-to-year CPI changes, the 2020 lockdowns, or news-based monthly opinion polls about expected inflation provide reliable advance clues about what lies ahead. Meanwhile, the low break-even rate offers a good reason to be skeptical of high inflation forecasts.” ~ Alan Reynolds
-
•
Which Antitrust Doctrine Deserves Your Trust?
“Proper reforms should leverage more market functions, not less. In contrast, the neo-Brandeisian model will reintroduce a crippling regime of arbitrary and further unchecked state power that will surely sap the vibrancy from the American economy at a time when it is needed most.” ~ Ethan Yang
-
•
A Conversation On Post-Pandemic Economic Recovery
“Dr. Darcy W.E. Allen, a vocal proponent of innovative digital technologies and the economics of blockchain, joins Ethan Yang for another rigorous discussion about his new book ‘Unfreeze: How to Create a High Growth Economy After the Pandemic and more.'” ~ AIER
-
•
United’s Bid for Supersonic Supremacy Vivifies Burden of Government
“It’s something to keep in mind in consideration of the massive size of the federal government. Trillions in annual spending by politicians logically limits the amount of capital available for businesses trying to improve the present, or in Aerion’s case, striving to create a much better future.” ~ John Tamny
-
•
You Are Not Paying a Higher Relevant Tax Rate Than Billionaires
“Allegations that higher income earners don’t pay their ‘fair share’ of taxes are a mainstay misrepresentation of the political left. When the facts say otherwise, they simply twist the facts and ignore more serious studies. ProPublica’s latest effort is just one more of a long line of such analytical abuses, whose details have varied over…
-
•
This Claim of Market Failure Deserves No Credit
“If you who claim to identify a market failure could, but don’t, voluntarily put your own money where your mouth is in an attempt to address that alleged failure, why should anyone listen to your pleas for government to coercively put other people’s money where your mouth is?” ~ Donald J. Boudreaux
-
•
The Labor Shortage Is a Government-Contrived Scarcity
“Contrived scarcities, in principle, could be gone tomorrow if the government’s economic policies fostering, creating and sustaining them were abolished and eliminated. The individual’s freedom of choice and action as both consumer and producer will have been more fully restored with a less intervening government.” ~ Richard M. Ebeling
-
•
Where Economics and Management Studies Overlap: A Brief Review of Austrian Perspectives on Entrepreneurship, Strategy, and Organization
“Elements is a good refresher for people who haven’t thought about it in a while, and I think it’s also a good jumping-off point for teachers looking to organize lectures and classroom activities. Yes, markets tend toward equilibrium, but this Element points us to the journey, and that’s where all the entrepreneurial action is.” ~…
-
•
Why British House Prices Went Up When They Should Have Gone Down
“Two other developments undermine the idea that houses got more expensive in the last year: real interest rates and plenty of household savings. Those two trends mean that even though the sticker prices of many British homes are higher than they were before the pandemic, the ease with which the typical household could acquire them…