Economic Theory
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Property Taxes Invert the Moral Order of Ownership
True reform means cutting them now and eliminating them over time.
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Ten Enduring Lessons from Adam Smith
From technocrats to central planners, the temptation to engineer society persists. Adam Smith saw the dangers clearly.
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Reflections on Four Decades of Teaching ECON 101
The most important lessons of an economic way of thinking haven’t changed much in 40 years. But the students have.
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AI Regulation: A Tale of Two Austrian Economists
If policymakers treat Big Tech’s bureaucratic stagnation as a justification for more bureaucracy, the outcome will be a self-fulfilling Schumpeterian slide into managerial socialism.
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Economic Data Revisions Show the Limits of Real-Time Measurement, Not Malfeasance
Revisions are not a failure of economic statistics — they are the tradeoff of receiving a rough but timely signal.
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Don’t Push the Policy Button!
Economists design “optimal” interventions with caveats and disclaimers. Politicians treat them like irresistible big red buttons.
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Capping Card Interest Rates Won’t Make Credit Cheaper
APR caps may sound consumer-friendly, but price caps just serve to cut off vulnerable households from legitimate lenders.
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The Price of Greenland — and the Cost of Attacking Sovereignty
If borders become negotiable under tariff pressure, risks rise, investment falls, and fragile global norms further fracture.
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The National-Security Exception to Free Trade Is Real. So Are Its Tradeoffs.
Today’s economic interdependence makes it surprisingly difficult to know when trade restrictions actually strengthen security — and when they backfire.
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Trump’s ‘Broken Windows’ Economy
Today’s trade rhetoric, full of ‘historic deals,’ obscures the real question: are these policies making America richer or poorer?
-
•
Property Taxes Invert the Moral Order of Ownership
True reform means cutting them now and eliminating them over time.
-
•
Ten Enduring Lessons from Adam Smith
From technocrats to central planners, the temptation to engineer society persists. Adam Smith saw the dangers clearly.
-
•
Reflections on Four Decades of Teaching ECON 101
The most important lessons of an economic way of thinking haven’t changed much in 40 years. But the students have.
-
•
AI Regulation: A Tale of Two Austrian Economists
If policymakers treat Big Tech’s bureaucratic stagnation as a justification for more bureaucracy, the outcome will be a self-fulfilling Schumpeterian slide into managerial socialism.
-
•
Economic Data Revisions Show the Limits of Real-Time Measurement, Not Malfeasance
Revisions are not a failure of economic statistics — they are the tradeoff of receiving a rough but timely signal.
-
•
Don’t Push the Policy Button!
Economists design “optimal” interventions with caveats and disclaimers. Politicians treat them like irresistible big red buttons.
-
•
Capping Card Interest Rates Won’t Make Credit Cheaper
APR caps may sound consumer-friendly, but price caps just serve to cut off vulnerable households from legitimate lenders.
-
•
The Price of Greenland — and the Cost of Attacking Sovereignty
If borders become negotiable under tariff pressure, risks rise, investment falls, and fragile global norms further fracture.
-
•
The National-Security Exception to Free Trade Is Real. So Are Its Tradeoffs.
Today’s economic interdependence makes it surprisingly difficult to know when trade restrictions actually strengthen security — and when they backfire.
-
•
Trump’s ‘Broken Windows’ Economy
Today’s trade rhetoric, full of ‘historic deals,’ obscures the real question: are these policies making America richer or poorer?