Economic History
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Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
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Economic Blockades: Protectionism As Punishment
The Trump administration calls economic isolation a weapon against Iran and a recipe for prosperity at home. Protectionism is a paradox.
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Rubble to Riches: Reckoning with West Germany’s Postwar Economic Miracle
Tobias Straumann’s new book explains how economic freedoms and currency reform helped West Germany outstrip not just the Soviet Socialist East, but many other nations, on its way to economic recovery.
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The Anti-Federalist Warning About America’s Debt Crisis
Brutus feared that unlimited borrowing power would eventually overwhelm political restraint. Congress has accumulated 40 trillion reasons to reconsider that warning.
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What Zohran Mamdani Could Learn From His Father
Mahmood Mamdani’s research showed why people often don’t behave the way central planners wish they would. His son faces a similar test in New York.
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Humility Is Civilization’s Price of Admission
A Canadian shop mailed me the hard-to-find part to save my wife’s old blender. How do prices help strangers cooperate on a scale no one can engineer?
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Mao’s ‘Great Leap’: Mass Starvation on The Road to Serfdom
Mao’s revolution encouraged peasants to murder landlords. Then he abolished private property completely. The resulting economic failure became history’s deadliest man-made famine.
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Beefsteak Socialists? Left and Right Are Competing to Control the Economy
By making political control more valuable, distorting markets can encourage rival factions to seek still more power.
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Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
Capturing only what households consume, inflation stats miss the assets they hope to own. Recent inflation has rewarded existing owners at the expense of aspiring ones.
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The Swinging Sixties, Chicago School Style
At the height of the cultural revolution, a group of Chicago economists was quietly launching one of its own.
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Why Didn’t 2008 Bank Bailouts Produce COVID-Level Inflation?
Washington responded to two crises with extraordinary monetary and fiscal interventions. Why did COVID-era stimulus produce soaring inflation when the response to the 2008 financial crisis did not?
-
•
Economic Blockades: Protectionism As Punishment
The Trump administration calls economic isolation a weapon against Iran and a recipe for prosperity at home. Protectionism is a paradox.
-
•
Rubble to Riches: Reckoning with West Germany’s Postwar Economic Miracle
Tobias Straumann’s new book explains how economic freedoms and currency reform helped West Germany outstrip not just the Soviet Socialist East, but many other nations, on its way to economic recovery.
-
•
The Anti-Federalist Warning About America’s Debt Crisis
Brutus feared that unlimited borrowing power would eventually overwhelm political restraint. Congress has accumulated 40 trillion reasons to reconsider that warning.
-
•
What Zohran Mamdani Could Learn From His Father
Mahmood Mamdani’s research showed why people often don’t behave the way central planners wish they would. His son faces a similar test in New York.
-
•
Humility Is Civilization’s Price of Admission
A Canadian shop mailed me the hard-to-find part to save my wife’s old blender. How do prices help strangers cooperate on a scale no one can engineer?
-
•
Mao’s ‘Great Leap’: Mass Starvation on The Road to Serfdom
Mao’s revolution encouraged peasants to murder landlords. Then he abolished private property completely. The resulting economic failure became history’s deadliest man-made famine.
-
•
Beefsteak Socialists? Left and Right Are Competing to Control the Economy
By making political control more valuable, distorting markets can encourage rival factions to seek still more power.
-
•
Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
Capturing only what households consume, inflation stats miss the assets they hope to own. Recent inflation has rewarded existing owners at the expense of aspiring ones.
-
•
The Swinging Sixties, Chicago School Style
At the height of the cultural revolution, a group of Chicago economists was quietly launching one of its own.