Topic: Economic Education

Art and Culture, Books, Economic Education

The Trust Revolution

– June 14, 2020

“By and large, Henderson and Churi are correct: developing microregulatory technology is part of a “trust revolution,” and one that promises to change and direct the 21st century economy and beyond.” ~ Art Carden

Art and Culture, Crisis, Economic Education

The Internet Is No Substitute for Real Life

– June 12, 2020

“Remember that many commercial enterprises provide you not only with the goods and services you desire, but the vital space with which we all need to craft friendships, trust, and empathy. Without that, economies don’t function well. No supply-and-demand graph can ever capture that fully. You have to live it to believe it.” ~ Tony Gill

Capitalism, Central Banking, Economic Education, Monetary Policy

How the Federal Reserve Literally Makes Money

– June 11, 2020

“The Fed is spending up to US$2.3 trillion to help save the U.S. economy from the coronavirus recession. But where does all that money come from?” ~ William J. Luther

Capitalism, Central Banking, Economic Education

Keep the Fed Out of Municipal Finance

– June 11, 2020

“Chairman Powell should follow the advice of his predecessors. With the program still in its infancy and economic recovery already underway, now is the time to end the MLF in order to preserve the Fed’s independence, maintain the separation between fiscal and monetary policy, and deter additional calls for municipal bailouts in the future.” ~ Thomas Hogan

Crisis, Economic Education, Regulation

The Fatal Conceit of COVID-19 Epidemic Models

– June 10, 2020

“The epidemiological world has published countless articles and studies warning against the tendency and ease with which one can overestimate Ro. We have fallen prey to this tendency once again.” Gregory van Kipnis

Central Banking, Economic Education, Government

Negative Interest Rates Explained

– June 9, 2020

“If policy does not moderate and if investors are unable to innovate means to protect their positions from these policies, as they often have in the past, the current fiscal and monetary regime places the globe at risk of, at worst, financial catastrophe and, at best, stagnation.”~James L. Caton, Peter C. Earle, William J. Luther

Crisis, Economic Education, History, Philosophy

Tragedies of Our Time: Pandemic, Planning, and Racial Politics

– June 8, 2020

“The magnitude and depth of what has actually been experienced in declines in production and rises in unemployment have one and only one primary and singular source: the federal and especially state government-ordered shutdowns across the country.” ~ Richard Ebeling

Capitalism, Economic Education, Free Markets

Should We Be Worried about Big Tech?

– June 8, 2020

“AIER itself has faced throttling by Google, YouTube, and perhaps Twitter, and videos we’ve needed for science-based postings have been deleted. We steadily worked to build our own outlets, preparing for the possibility of full censorship.” ~ Donovan Choy

Crisis, Economic Education, Free Markets

Protest Also Against Police Unions and Qualified Immunity

– June 8, 2020

Surprising myself, I write here about the murder of George Floyd. My surprise springs from my long-held belief that I, a professional economist who now specializes in studying trade and trade policy, likely have nothing useful to add to public di …

Capitalism, Economic Education, Free Markets

Will Social Security Go Bankrupt?

– June 6, 2020

“Where are we now? Is Social Security going bankrupt? Not literally, since bankruptcy law does not apply to government agencies or programs. But it is unquestionably true that Social Security is headed for a fiscal calamity.” ~ Warren Gibson

Crisis, Economic Education

Three Unsung Heroes of the Coronavirus Crisis

– June 5, 2020

“Lesser mentioned, but integral to the attempts to wrestle life back to some version of the status quo are numerous groups of professionals and workers whose unseen efforts would be both immediately noticed and sorely missed if absent. Thank you to the three mentioned here and to the many of those who are not.”~Peter C. Earle

Crisis, Economic Education, Healthcare, Public Choice and Public Policy

Unemployment Far Worse in Lockdown States, Data Show

– June 4, 2020

“In general, states that were still closed on May 9 had the highest average insured unemployment rates relative to the average for that same group on March 1. The unemployment rate of fully locked down states was at least double than states that had no formal lockdown.” ~ Abigail Devereaux