The Implausible Claims of Green High Finance

It is highly doubtful that having a central bank selectively buy outstanding debt with green labels would in any meaningful way contribute to a greening of the economy.

joakim-book Joakim Book – February 21, 2020

Cuckoo for Marginalism

When I was a kid, I would ask my mother if she likes this cereal, that song, or this soft drink.  She would often reply in her droll way: “I wouldn’t want a steady diet of it.” I came to conclude that this really meant that she didn’t like it. …

– February 21, 2020

Unlike Oren Cass, F.A. Hayek Knew the Economics of Trade

Quoting F.A. Hayek’s 1960 claim that free markets will bring about a “balance … between exports and imports,” Oren Cass argues that the string of annual U.S. trade deficits over the past 44 years proves that Hayek was wrong – that history has “broken” …

– February 20, 2020

Why We Must Keep Section 230 and Pay the High Cost of Free Speech Online

One can’t pretend the internet hasn’t made the dark side of free speech more dangerous. But rather than a censor, it’s time for a gut check.

– February 20, 2020

The “Paradox of Thrift” Myth Is Back, Again

This is nothing but the classic case of the damage of a little learning: the overwhelming majority of people who study economics at all take a single economics class, espousing a single economic perspective, which leads to the pervasive spread of pernicious ideas.

– February 20, 2020

Why Is Maduro Pushing the Petro?

Why would the Venezuelan government prefer the petro? Three reasons stand out.

– February 20, 2020
housing starts and permits

New-Home Construction Falls While Permits Rise in January

Housing starts and permits were mixed in January; significant and sustained gains over coming quarters seem unlikely.

– February 19, 2020

The Dangers of Mandatory Paid Leave (Video)

At a recent hearing on Paid Family Leave before the House Oversight and Reform Committee, Rep. Alexandria Ocasio-Cortez, D-N.Y., thought herself brave and appropriate to harangue the only free-market witness – one out of seven – there. Paid-leave advoc …

– February 19, 2020

The Underappreciated Trend in Mortality and Inequality

Most economists, left or right, care about human development. By human development, they mean more than simply increases in income. They refer to a greater ability for individuals to choose the lives they deem most fulfilling under continually weakenin …

– February 19, 2020

How Liberalism Can Survive Left-Right Polarization

We need to form in our minds a beautiful vision of the society and world we want to inhabit, not in its detailed operation like the central planners, and not as an end state like the socialist utopians, but in its ever-evolving institutions that serve human well being above all else.

– February 19, 2020

Positive Surprise for Manufacturing

The latest Empire State Manufacturing Survey suggests the manufacturing sector may be rebounding but the outlook remains uncertain.

– February 18, 2020

Dollarization in Ecuador after 20 Years

In January, Ecuador celebrated its 20th anniversary of dollarization. The Bastiat Society of Guayaquil and the Instituto  Ecuatoriano de Economia Política organized a conference to discuss the pros and cons of Ecuador’s monetary regime. Internatio …

– February 18, 2020

Happy 90th Birthday, Professor Israel Kirzner!

Even in an era when modern medicine and technologies are adding to people’s lifetimes, along with the gains in general human economic betterment, it still stands as a notable event when someone marks their 90th birthday. On February 13th, renowned “Aus …

– February 18, 2020


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