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Bicentennial of Ricardo’s “Principles” Relevant to NAFTA Debate

– September 26, 2017

David Ricardo’s classic book extolling free trade turns 200 years old this year. Its rediscovery could do much to improve current trends.

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patriotbond

End Government Borrowing

– September 25, 2017

The ceiling is often likened to a credit-card limit, but that’s a bad analogy. The federal government doesn’t have a debt limit at all. It has a debt sky.

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The Real Innovation of the Sharing Economy

– September 20, 2017

Internet-based platforms have connected individuals to each other for almost two decades. The real innovation at the heart of what’s been named the “sharing economy” is the realization that such peer-to-peer matching can transform markets for services such as transportation, lodging, and general errands.

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Cost-of-Living Adjustment Likely to Be Small

– September 18, 2017

Retirees are likely to see a positive but very small cost-of-living adjustment in their Social Security benefits next year.

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Despite Appearances, “Price Gouging” Helps People in Distress

– September 12, 2017

Do we want to feel good, or do we want people to have the goods they need?

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A Tale of Two Responses

– September 12, 2017

“The first principle of economics is that valuable resources are scarce; the first principle of politics is to ignore the first principle of economics.”

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Storm Clouds and False Silver Linings

– September 12, 2017

As incurable optimists, human beings look for silver linings in the darkest of clouds. It’s an admirable trait, but some silver linings are illusions. Spotting them requires the economic way of thinking.

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National Flood Insurance Is a Disaster

– September 11, 2017

Viewing the heartbreaking damage wrought by Hurricane Harvey, the last thing we should want is for people to be encouraged to live where hurricanes and floods are common. Yet the government has been doing just that for decades.

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Bracket Creep: A Real Problem for Taxpayers

– September 7, 2017

Nothing raises Americans’ ire more than tax increases, but most of us don’t know that we face a hidden income-tax hike almost every year that the economy grows.

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Ball and Blockchain: Company Marrying Gold to Cryptocurrencies

– September 5, 2017

A company is trying to bring the calming influence of gold to the Wild West frontier of cryptocurrencies

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Cost-Benefit Analysis Is Poor Guide to Government Action

– September 5, 2017

Many Americans think of themselves as pragmatists. Pundits often brag they are non-ideological independents. Forget theory; let’s just figure out what works.

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Might a Bitcoin Standard Be Good as Gold on Price Levels, Exchange Rates?

– September 5, 2017

A monetary standard based on Bitcoin, a digital currency, would act something like the gold standard in making price levels more predictable and stabilizing exchange rates but would likely be undone by politicians and central bankers.

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