economics

Some Quick Econ Videos

These are excellent. Brief and clear. Trade is important. Markets matter. Buy-local is foolish and backward. Ep. 1 of 5 – The Hockey Stick of Human Prosperity – YouTube Ep. 2 of 5 – Division of Labor: Burgers and Ships…

Two on Inefficiency and Waste

The first reminds of the classic “If You’re Paying, I’ll Have Top Sirloin.” How Valuable Is a Federal Grant? – The Beacon: “But what if the project’s organizers had decided that accepting the grant would have imposed costs of only…

It’s The Structure, Not The People

Switching the people in charge won’t change much. The column from G.H. Reynolds is outstanding top to bottom, definitely click through. VA scandal exposes greedy socialism: Column: “And that captures an important point. People sometimes think that government or “nonprofit”…

Two On This Picketty Business

This book has been like throwing meet to wolves in this country. It’s exactly what some people needed/wanted to hear. Don’t get too bogged down in the facts, it’s the story that’s important. A few days ago Dr. Steve Horwitz…

The Minimum-Wage For Volunteering is $0.00

Fantastic points in this column. Definitely worth reading. A Modest Proposal to Ban Volunteering – Reason.com: “But if we are serious about addressing economic inequality and restoring social justice, then a minimum wage increase should be just the start. We…

They Care About Pleasing Customers …

So I guess it’s the opposite of the DMV or post office? It’s amazing what difference a little incentive and competition can do. How Convenient: In Taiwan, the 24/7 Store Does It All:”TAIPEI—Yata Wang visits a convenience store each day…

Boudreaux on Political Incentives

Incentives matter, and this is why I’d like to see so many things pulled out of the political arena and moved to the private sector. The public/political sector is winner take all, one group forces its will on all. The…