What Is the Macroeconomic Analog to Coronavirus Panic?
All leaders, not just generals, tend to fight the last “war.” All readers of Hayek know why: they feel compelled to promulgate a response but lack sufficient information to make optimal decisions.
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Not Losing Sight of the Classical Liberal Ideal
We should be concerned with truth and validity, not the expediency of to what democratic public opinion seems to confine discussion of a free society at a moment in time.
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New Ideas are the Key to Economic Development
For all our progress, it is important to remember that critics and regulators have still won a lot of battles. They could win more.
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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.”
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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 …
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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.
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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.
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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.
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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.
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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.
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