The Ignorant World and What to Do About It
A spectre is haunting the Western world – the spectre of a grossly mistaken understanding of the world.
Tags: Economic Education
You Think This Is A Game? Not Quite
How often have you heard or read someone use a sports analogy to describe commercial society? Games are great fun, but they have winners and losers in ways exchanges don’t.
Taiwan: The New Geopolitical and Economic Flash Point
The island nation of Taiwan may be in the spotlight today for handling Covid-19 without a lockdown but it’s about to become one of the most contentious geopolitical flashpoints of the decade.
Lockdown, Labor Laws, and the Digital Economy
It doesn’t take a background in economics or public policy to know that the economy is changing and so too is the future of work.
The Buffett Indicator: Reasons for Doubt
Recently Tesla CEO Elon Musk asked Ark Investment CEO Cathy Wood about her view concerning the Buffett Indicator, which is pointing to a historic overvaluation in stocks and hence suggests a coming…
Carl Menger’s Theory of Institutions and Market Processes
This year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation of prices in society.
Just Because There’s No Price Doesn’t Mean There’s No Cost: Covid-19 Vaccine Edition
As the Great Suppression enters its second year and as people go to greater and greater lengths to get vaccinated, I remember one of the conclusions we reach when we analyze how…
Understanding The Rise In Inflation Expectations
Inflation expectations are on the rise. At first sight, this change in expectations seems to be odd. The Federal Reserve has been increasing the supply of base money at a…
Political Economy vs. Federal Fairy Tales
“Build Back Better” is the motto for President Biden’s ambitious plans to remake much of the American economy and society. On Wednesday in Pittsburgh, Biden will reveal his plans for trillions of…
Lots of New Money, But Still-Low Inflation. What Gives?
Worries have intensified and spread lately about the prospects of higher U.S. inflation in the coming years. It’s an important issue because higher inflation, even if it remains in the…