Tag Archive for economics

It’s Often The Exact Opposite …

Over the last decade I’ve noticed how many issues in economics, or at least the political economy, turn out the exact opposite of what was intended or promised. Now I’m not referring to a slight or even moderate divergence from…

Dr. Russ Roberts on Jobs and Innovation

I feel vindicated. Yesterday I post this column about jobs and innovation. Then at dinner I read the WSJ and see that Dr. Roberts has an editorial in it. And he uses the same Milton Friedman story I did!  Russell…

Incentives Matter: Foreclosure Edition

Lesson 1,341,987 on this topic … If you reward any behavior, good or bad, you WILL get more of it. Rewards can be almost anything, ideally cash. For example: If you reward people for having more kids, you will find…

Does Spending Make Us Prosperous?

The viewpoints and assumptions in this USAToday piece are both frustrating to read and all-too-common. There’s a logical flaw here. The assumption is that we will become prosperous if we spend and consume more. There is definitely a relationship between…

The Laffer Curve Is Real …

You can argue about the exact shape and slope of the Laffer curve, you can debate the possible lack of symmetry on it, you can even question exactly where on the curve we sit at any given moment.  But I…

Where’s Your Compassion?! Why Not $100/Day?

If $5/day is good, surely $100/day is better? Definitely read this earlier post on the minimum-wage. Would A $5-A-Day Minimum Wage Make Life Better In Haiti? : Planet Money : NPR: “Today, The Nation and Haiti Liberte posted a story…

GREAT Point On The Minimum-Wage

I wonder how many politicians who have supported a legal minimum-wage over the years, have had their own unpaid interns. Drs. Caplan & Carden knock this one out of the park. 1. If the minimum wage is a good idea,…

A Look Back At Chile’s Cybersyn

A look back at a post from 2008. I was reminded of it by a brief mention on this week’s episode of EconTalk. (pic via Wiki) They could have saved everyone a great deal of money, time, and effort if…