Benefits and Costs
Every government program benefits someone…or it’s unlikely it would be proposed or exist. The question not generally discussed is, does it generate net benefits. This discussion (“Gov. Bobby Jindal’s volcano…
Economic Insights
My Interview with “Expert,” the Russian Business and Economics Magazine, on Various Matters, Notably the World Financial Crisis: “Don’t Treat a Hangover with Vodka”
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Policy Uncertainty Depresses Investment
The “economic experts” in Congress, the White House, and the bureaucracy have been rushing hither and yon with inconsistent and incoherent policies, hugely differing estimates of the amount of the…
Follow the “Stimulus” Dollars
Here’s the official account: “Recovery.gov” Here’s the accurate one:
Jagdish Bhagwati on Protectionism
Obama must fight the protectionist virus
Some Wisdom…
Robert Higgs: “Instead of stimulus, do nothing – seriously” (A good example of the wisdom of the Chinese idea of “Wu Wei” — “active inactivity,” aka laissez faire).
Mr. President, We Disagree….
“Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is…
A Helpful Reminder
Hoover the Interventionist, thanks to Ilya Somin:
Now…What Creates the Incentives for Such Violence? The Drugs, or the Drug Laws?
BBC: “Mexico man ‘dissolved 300 bodies’” The 300 corpses were said to belong to murdered rivals of Mexican drug kingpin Teodoro Garcia Simental, who is battling for control over drug…
Technology to the Rescue (Combined with Good Judgement)
From the Wall Street Journal: “Backup System Helped Pilot Control Jet” Another example of the growth of wealth that most people don’t notice, or don’t consider a part of being…