Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:6086
Posts / Week:12.9
Archived Since:March 2, 2008

Blog Post Archive

Bitcoin, the Blockchain, and Freedom in Latin America

(February 15, 2017 12:45 PM, by Amy Willis) Stories about Bitcoin seemed to me to be all the rage for a while, having since tapered off. (At least in my own newsfeed...) The digital currency has long been trumpeted by libertarian-leaning types. I mean, what's not to... (0 COMMENTS)

The Case for Check-Cashing Stores

(February 15, 2017 10:48 AM, by David Henderson) Lisa Servon is an economist in disguise. A number of bloggers have linked to this article in the last few days and it's well worth reading. It's about Lisa Servon, a professor of city and regional planning at the University... (0 COMMENTS)

The Psychiatry Museum vs. the Reasonable Radical

(February 14, 2017 02:10 PM, by Bryan Caplan) During my last visit to LA, I visited the Psychiatry: An Industry of Death Museum. Though I knew the Church of Scientology was heavily involved, I was still favorably predisposed. I reject the philosophy of mind that underlies modern psychiatry,... (0 COMMENTS)

Protectionism is not inflationary

(February 13, 2017 03:52 PM, by Scott Sumner) Protectionism is clearly a bad policy. But it's not bad for the reasons that many people assume. If you put barriers on the import of a specific good, it tends to raise the relative price of that good. But an... (9 COMMENTS)

Final Reply to Dolan on the UBI, For Now

(February 13, 2017 02:14 PM, by Bryan Caplan) Here's one last reply to Ed Dolan on the UBI:...As for more recent evidence, the CBO working paper that I cited is the most comprehensive literature review I have been able to find. The CBO review reaches the following conclusions... (0 COMMENTS)

The Henderson Squawk Box Highlight Reel

(February 10, 2017 02:31 PM, by David Henderson) CNBC has posted a 3-minute version of my 4.7-minute video from earlier this morning. It's here.... (0 COMMENTS)

Are rising prices, interest rates and exchanges rates a good thing?

(February 10, 2017 12:29 PM, by Scott Sumner) The title of this post covers a lot of ground, but the answer is identical for all three cases. The questions... Would it be a good thing if interest rates rose? Would it be a good thing... (0 COMMENTS)

Henderson on Squawk Box

(February 9, 2017 09:50 PM, by David Henderson) I'll be on Squawk Box tomorrow early a.m. from Pebble Beach. It's on CNBC. 6:30 a.m. to 6:40 a.m. EST. 3:30 a.m. to 3:40 a.m. PST. I'll have to get up at about 2:20 a.m. Yikes! Set your DVRs.... (0 COMMENTS)

The shocking truth about border tax adjustments

(February 9, 2017 04:47 PM, by Scott Sumner) When a country does a currency reform, say exchanging 100 old pesos for 1 new one, it doesn't have major macroeconomic effects. Debt contracts and wage contracts get automatically adjusted in the same way, leaving both types of contracts the... (0 COMMENTS)

Rejoinder on UBI

(February 9, 2017 01:59 PM, by Bryan Caplan) Here's my reply to Ed Dolan, point-by-point. He's in blockquotes, I'm not. First of all, thank you, Bryan, for the civil, cogent, and detailed response. Likewise.1. You say that I acknowledge elsewhere that the incentives are theoretically ambiguous,income effect vs.substitution... (1 COMMENTS)

Bribe Bully Beg Borrow Steal

(February 9, 2017 01:37 AM, by David Henderson) That's the title Reason gave to my cover story in the March issue. An excerpt: "Donald Trump's Carrier Deal is Pure Crony Capitalism," read the headline of a Newsweek op-ed by American Enterprise Institute fellow Claude Barfield. Trump supporter Sarah... (5 COMMENTS)

What's so bad about sugar?

(February 8, 2017 05:43 PM, by Amy Willis) What's so bad about sugar? According to this week's EconTalk guest Gary Taubes, just about everything. Taubes's real concern is insulin resistance, which he argues is the trigger for most diseases that afflict the denizens of the Western world.... (7 COMMENTS)

Why do so many economists favor fiscal stimulus in Japan?

(February 8, 2017 04:09 PM, by Scott Sumner) It seems like hardly a week goes by without me running into another article suggesting that Japan needs to do fiscal stimulus. Today there's one discussing the recommendations of Nobel Laureate Christopher Sims, using the "Fiscal Theory of the Price... (2 COMMENTS)

How NAFTA Facilitates Supply Chains

(February 8, 2017 01:47 PM, by David Henderson) When I teach about gains from trade, I start with two people and two goods on a desert island and work from there. Then I graduate to multiple people and multiple goods in two cities, then states, and, finally countries.... (3 COMMENTS)

UBI: Ed Dolan Responds

(February 8, 2017 09:42 AM, by Bryan Caplan) Ed Dolan responds to me on the UBI in the comments. Complete text: First of all, thank you, Bryan, for the civil, cogent, and detailed response. I think we might even find common ground--I might eventually be able to get... (2 COMMENTS)


(February 7, 2017 02:55 PM, by David Henderson) Pardon the grammar. The correct grammar is: TINSTAAFL: There is no such thing as a free lunch. Don Boudreaux has an excellent post this morning in which he takes on a post at the American Enterprise Institute about mandated... (0 COMMENTS)

Hans Rosling RIP

(February 7, 2017 12:48 PM, by David Henderson) Hans Rosling died today of pancreatic cancer. What a loss! If you have never watched any of his videos, these are the two main ones I recommend: 1. The washing machine. 9 minutes. And here's my own reminiscence about... (0 COMMENTS)

UBI: Reply to Dolan

(February 7, 2017 12:11 AM, by Bryan Caplan) Ed Dolan thoughtfully replies to my Universal Basic Income challenge on the Niskanen blog. Here's my point-by-point reply. Dolan's in blockquotes, I'm not.Here are three kinds of libertarians who might take a UBI very seriously indeed. Libertarian pragmatists...By some... (0 COMMENTS)

Has President Obama changed the GOP?

(February 7, 2017 10:53 AM, by Scott Sumner) Here's Ramesh Ponnuru: At no point in Obama's presidency did his political success make Republicans consider assimilating some of his views into their philosophy, as Bill Clinton had done with Reaganism. Republicans are even less likely to make such an... (0 COMMENTS)

Hooper on Henry George on Protection or Free Trade

(February 6, 2017 05:46 PM, by David Henderson) Protection or Free Trade is two books in one. The first part is a thorough dismantling of protectionist arguments and a defense of free markets, free trade, capitalism, specialization, economic progress, and freedom in general. The second part of the... (2 COMMENTS)

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