What’s the Difference Between Michael Burry and Alexander Fordyce?
Being correct about events in financial markets requires you to be qualitatively correct about the direction — the “what” — as well as financing your errors about the “when.”
READ MORE
Wealth Inequality: It’s Complicated
In the debates over wealth inequality that have followed the publication of The Triumph of Injustice (authored by Emmanuel Saez and Gabriel Zucman), there have been intense discussions of the methodological choices made in the book. There have been few …
READ MORE
The Rise of Edinburgh, Financial Empire
The city of money no longer includes the best, the largest, or the most innovative banks, but finance still runs deep in Edinburgh’s blood.
READ MORE
The State Is a Greasy-Hand Tourist
If you’ve ever been scuba diving or snorkeling, you probably know that swimmers aren’t supposed to touch the coral with their bare hands.
READ MORE
Watch Mises vs. Marx: The March of History
Extremely pleased to announce the release of “The March of History,” a musical a project of the American Institute for Economic Research three years in the making.
READ MORE
Markets Saved the Whales in the 19th Century
The story of Moby Dick warns us of the unforeseen consequences of government intervention and point to the potency of market forces in terms of protecting the environment.
READ MORE
The 1619 Project Resurrects King-Cotton Ideology of the Old South
Participants of the 1619 Project evince little awareness of the deep historical deficiencies in Baptist’s work or of similar problems among the other “New Economic History scholars on whom they rest their case.
READ MORE
Is Capitalism an Artificial Imposition on Human Affairs?
Once freed from the mischaracterizations of economic theory that the new historians of capitalism have imported from Karl Polanyi, it is easy to see the foolishness of their endeavors.
READ MORE
The Secret History of the Monopolization of Welfare by the State
Many intellectuals called for an end to private charity and its replacement with a full government system, not due to the paucity of private benevolence, but rather due to what they considered its excessive generosity.
READ MORE
Slavery Did Not Make America Richer
A close and careful look at the empirical record reveals that one cannot infer that America was made richer from slavery. It is even clear that America was made poorer by slavery.
READ MORE
