In a recent New York Times article, Paul Krugman dismisses the idea that dollarization might improve Argentina’s economy. He describes dollarization as a magical solution. In doing so, Krugman commits…
Category:
Economy
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After years of underestimating inflation, Federal Reserve officials now appear to be overestimating it. The personal consumption expenditures price index (PCEPI), which is the Fed’s preferred measure of the price…
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The basic problem with each side in today’s culture wars is that they know too much. Progressives self-consciously seek “progress,” (and they know what that means) and conservatives seek to…
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Music doesn’t have economic value. Now, that’s an eye-popping proposition if I ever saw one, so please allow me to flesh it out. The rhythmical vibrations that move into my…
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Tracking and describing all ESG-related legislation falls well beyond the scope of this column (and this series) but surveying the legislative landscape will help us understand where things stand at…
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In The Constitution of Liberty, F. A. Hayek famously observed that “The mind can never foresee its own advance.” One reason we can’t foresee our own advance, Hayek explained, is…
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Not long ago, on my commute home, the Rolling Stones’ song, “Time is on my Side,” came over my radio. And when I heard that refrain repeatedly during the song,…
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Economy
Leave The Fence Alone: On ‘Toward a Political Economy of the Commons: Simple Rules for Sustainability’
Is a larger population a blessing or a curse? For most of history, conventional wisdom has been “a curse.” Still, the last few centuries have shown that in a commercial…
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New York Times editor David Leonhardt recently claimed that Americans spend more time commuting than they did twenty, thirty, and forty years ago. Traffic congestion in major urban areas has…
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The mantra of “sustainable growth” has given way to a new narrative that points to “degrowth” as an imperative for human survival. Its proponents assert that it can save the…