Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:6033
Posts / Week:12.9
Archived Since:March 2, 2008

Blog Post Archive

How to Run a Drug Cartel

(February 25, 2017 04:41 PM, by Amy Willis) If you missed this week's EconTalk episode with Tom Wainwright of The Economist, you're missing out...whether or not you have any drug-running aspirations. Wainwright's new book, Narconomics, host Russ Roberts calls "a tribute to economics." In his book, Wainwright... (0 COMMENTS)

Getting the Facts

(February 25, 2017 03:14 PM, by David Henderson) In the late 1990s and early 2000s, in one standard part of an optimistic speech I gave about the modern economy and the effect of the Internet, I told a story from a 1977 Woody Allen movie, Annie Hall, that... (0 COMMENTS)

Monetary offset in the UK?

(February 25, 2017 09:59 AM, by Scott Sumner) James Alexander has a new post discussing recent trends in NGDP growth in the UK: UK RGDP saved by accelerating NGDP Unfortunately, the headline is a bit misleading. NGDP (left scale) grew at a 5.0% rate in the first half... (0 COMMENTS)

Quinones versus Eberstadt

(February 24, 2017 07:50 PM, by David Henderson) We have demonized government and laughed at government and called it incompetent, not paid taxes to support it. And we have a situation now, in my opinion, where--having done all that, having exalted the private sector, demonized government, what we... (0 COMMENTS)

What has Syria ever done for us?

(February 23, 2017 06:58 PM, by Scott Sumner) The Detroit area is a magnet for Muslim immigrants, who are helping to revitalize the city. Here is The Economist: For [Detroit] Mayor Duggan, even a slowdown in his city's depopulation is good news; and he owes it entirely to... (0 COMMENTS)

Who's the Real "Deporter in Chief"?

(February 23, 2017 01:55 PM, by Bryan Caplan) Immigration activists repeated named Obama the "Deporter in Chief." Were they right? Strictly speaking, yes: More human beings were deported under Obama than any other presidency in history. Substantively, however, the critics were very wrong. Key fact: U.S. immigration law... (0 COMMENTS)

Kenneth Arrow, RIP

(February 22, 2017 08:41 PM, by David Henderson) Yesterday, Nobel Prize winning economist Kenneth Arrow died. Many first-rate appreciations of him have been published and I won't try to duplicate what they have said. Rather, I'll give my own recollections of Arrow. And I'll lead with one joke... (0 COMMENTS)

A few predictions (Nothing will change)

(February 22, 2017 03:25 PM, by Scott Sumner) A year from today everything will be much clearer. I'm not sure what will happen, and I'm not much of a forecaster, but I'll take a shot. I think the safest prediction one can make is that nothing will happen,... (0 COMMENTS)

Do Middle-Class College Kids Already Have a UBI?

(February 22, 2017 02:05 PM, by Bryan Caplan) In our Universal Basic Income debate, Will Wilkinson had one fun argument I didn't have time to answer. His claim: Middle-class college kids (like the stereotypical Students for Liberty attendee) already get a UBI from their parents. Thanks to this... (0 COMMENTS)

How San Diego Built a Bridge Over the Wall

(February 21, 2017 09:58 PM, by David Henderson) That's the title of a great article in Politico by Ethan Epstein. There's so much interesting in there: 1. How forward-looking San Diegans figured out how to get a better airport without using a military base--and why. (On the latter,... (0 COMMENTS)

Freedom of Speech and Private Property

(February 21, 2017 01:54 PM, by David Henderson) In the last few days, I've seen a number of discussions, mainly on Facebook, in which even some libertarians have claimed that two people's free speech rights were violated in two recent events. I was thinking about writing about it,... (0 COMMENTS)

Whither the Ex-Im Bank?

(February 21, 2017 11:54 AM, by Scott Sumner) The Ex-Im Bank is often considered a near perfect example of crony capitalism. But the politics of Ex-Im are very messy, perhaps the most confusing and complicated of any issue: 1. Obama opposed Ex-Im as a candidate, and then supported... (0 COMMENTS)

UBI Debate Video

(February 21, 2017 10:30 AM, by Bryan Caplan) Video of the Wilkinson-Caplan Universal Basic Income Debate is available here. The video quality could be a little higher, but the camera does get properly rotated after a few seconds. Thanks again to Students for Liberty and the Institute for... (0 COMMENTS)

Bryan Caplan's Best Line and My Thoughts

(February 20, 2017 08:37 PM, by David Henderson) I was stuck at LAX for about 9 hours on Saturday after my wife's and my flight was cancelled. So we used our time to work and I used part of my time to watch on Facebook co-blogger Bryan's debate... (0 COMMENTS)

Why Libertarians Should Oppose the Universal Basic Income

(February 20, 2017 02:05 PM, by Bryan Caplan) Here's my opening statement for my Students for Liberty debate with Will Wilkinson. Enjoy. Normal 0 false false false EN-US X-NONE X-NONE / Style Definitions / table.MsoNormalTable {mso-style-name:"Table...Show More Summary

Beckworth interviews Eggertsson

(February 19, 2017 10:23 AM, by Scott Sumner) David Beckworth has done a very interesting set of interviews with leading figures in monetary economics and related fields. One of my favorite occurred a few weeks ago when David interviewed Gauti Eggertsson. Eggertsson is a prominent monetary theorist, who... (0 COMMENTS)

Taxes and Deadweight Loss

(February 18, 2017 11:06 AM, by David Henderson) In his excellent post on taxes and the incidence of taxes, co-blogger Scott Sumner does not mention another important issue in taxation: deadweight loss. The deadweight loss from a tax is the part of the loss to those who bear... (0 COMMENTS)

The lump of labor fallacy

(February 17, 2017 06:03 PM, by Scott Sumner) Andy Puzder was one of the few Trump appointees that I sort of liked (I say "sort of", because even he had ethical issues.) He was pro-immigration and anti-minimum wage. But in the end even many conservatives opposed him so... (0 COMMENTS)

Michael Novak RIP

(February 17, 2017 03:27 PM, by David Henderson) Michael Novak, the well-known Catholic theologian at the American Enterprise Institute, died today. I didn't know him well and I didn't know his work well. My late friend Roy Childs, Jr., was somewhat of a fan, if I recall correctly.... (0 COMMENTS)

Why Tyler Cowen's Pessimism Fails to Persuade Me

(February 17, 2017 02:02 PM, by David Henderson) "Why should it be different this time?" So asks Tyler Cowen in opening his recent Bloomberg article "Industrial Revolution Comparisons Aren't Comforting." The idea of people who ask that question--I'm one of them--is that the Industrial Revolution worked out pretty... (0 COMMENTS)

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