Reciprocity in Occupational Licensure Might Be a Bad Idea

On April 10, 2019 Arizona Governor Doug Ducey signed into law HB 2569, a bill to create “guaranteed recognition” of occupational licenses in other states. This was hailed as a great victory by libertarians and classical liberals who have always argued …

Charles Baird – January 25, 2020

Should We All Be Flying Less?

I have long been a fan of the writer, statistician, and “flaneur” of financial markets Nassim Nicholas Taleb. His eye for the unseen and his heavy emphasis on sample selections and randomness in the world always struck a chord with my basically Misesia …

– January 24, 2020

The Four Pillars of Economic Understanding

It is no exaggeration to say that learning economics changed my life. In fact, I would go as far as saying the two most pivotal moments of my young adulthood was meeting my future wife at 17 and being exposed to economics at 19.  Not only pivotal, …

– January 24, 2020

Is “Sustainable Fish” Real or a Marketing Ploy?

So, yes, I’ve stopped rolling my eyes at the label sustainable. It’s real and it matters. And it shows how markets work even when the odds are against them. What other problems are considered to be insoluble that we need to turn over to the creative forces of society itself?

– January 24, 2020

Macroeconomic Inferences and the New Fed Regime

Under what conditions can we make valid inferences about the state of the economy from macroeconomic data? As it turns out, this seemingly unproblematic procedure becomes difficult when policy makers have got their eye on the data, too. This applies to …

– January 23, 2020

Why Aren’t Anti-Money-Laundering Regulations Adjusted for Inflation?

Banks and other financial institutions are required by law to implement measures for catching money launderers. Over the decades, these obligations have been getting more onerous due to new rules and the tightening of existing rules. They have also bec …

– January 23, 2020
David Hart on Bastiat

Who Was Bastiat? Interview with David Hart (Video)

David Hart is an historian and a libertarian with interests in the history of the classical liberal tradition (especially the French), war and culture, libertarian class theory, and film. Frédéric Bastiat was a pivotal figure in French classical libera …

– January 23, 2020
Existing home sales

Existing-Home Sales Rose in December But Inventory Remains Tight

Existing-home sales have recovered from a recent dip but are unlikely to move significantly higher in coming months and quarters.

– January 22, 2020

When Perfect Correlations Dissolve Into Dust

Statistical relations can be tenuous, and statistics can be fishy. Perhaps with time, Harvey’s yield curve relation will go the way of pedestrians and South Dakota lawyers — a near-perfect correlation dissolving into dust.

– January 22, 2020

Bitcoin Is Quantitatively Tightening

In light of the broader field of monetary policy worldwide, the upcoming Halvening will come at a particularly auspicious juncture.

– January 22, 2020

How Trumpism Swallowed Conservatism

In the summer of 2015, Donald Trump came to FreedomFest in Las Vegas – an event for conservatives and libertarians – as an eccentric outsider. Almost a gate crasher. People wondered why he was there. He presented his message of protectionism and immigr …

– January 22, 2020

The Academic Truce Has Crumbled

In the late 1960s academia, and particularly the humanities, began to embrace a variety of political causes and incorporate them more overtly into their scholarship. This shift coincided with curricular and intellectual developments that re-envisioned …

– January 21, 2020

The Overuse of the “Roaring Twenties”

The problem is that this image is a fiction. In no way does the evidence from the field of economic history support it. Maybe it is politically useful to use it, but it is not historically nor economically accurate.

– January 21, 2020

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