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Category Archive for 'Central Planning'

I think I have stumbled upon a way to teach comparative advantage to those otherwise predisposed not to understand it, or to simply reject it because their tribal affiliations suggest they are supposed to. The beautiful insights from the basic Ricardian setup lead one to conclude that while Wintercow is surely the least intelligent economist […]

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This is the blog equivalent of drunk dialing, I had promised myself not to do this. Let’s talk this out. There is perhaps no sector in the U.S. economy that is more comprehensively controlled by the government than schooling. I suppose you might say National Defense, but given the large amount of expenditures that are […]

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For those of you who fetishize big development projects such as sports stadium subsidies as a way to promote economic growth, first recognize that no economics literature exists showing that these programs are worth it. Second, remember that far more people go to the movies each year than to sports stadiums, and there are not […]

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There are about one billion poor people on the Earth earning $1 per day. No amount of “redistributive” taxation can help them or permanently alleviate their poverty. Political freedom will help. Economic freedom will help. An honest government and citizenry will help. Secure property rights will help. The Rule of Law will help. Where does […]

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In the latest paper on the impacts of minimum wage increases on the labor market opportunities for the targeted populations: (wait, before I post the findings, you can obviously dismiss them because I have an agenda, and second, I remind you again that even if the findings below showed the opposite, that says little about […]

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All of these accept the premise that future damages from anthropogenic warming will be serious, i find this to be a useful discussion strategy: Climate change will cause massive heat and drought and leave people in need of food. OK, compare then, the most effective and optimistic scenarios for reducing CO2 emissions and preventing warming […]

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I next propose a tax on marriage homogeneity! Why? Well, Tyler Cowen points to some new research: Assortative mating is returning to Gilded Age levels … Patterns of intermarriage between persons who have varying levels of educational attainment are indicators of socioeconomic closure and affect the family backgrounds of children. This article documents trends in […]

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Socialist Health Care

We already know that the United States is among the most “socialist” (not the right use of the word) health care “systems” in the world – with nearly 90% out of every medical dollar that is spent being spent by someone other than the customers. I never bothered to do these calculations, but here is a chart […]

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Alex Tabarrok points us to news that the Swiss are voting on whether to require (commercial) banks to hold 100% reserves. Now, the vote here is with regard to 100% reserves on deposits, here are a few thoughts/questions one may want to ask as we consider this: Do you think that curtailing the ability of […]

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Take each though below to its most positive and its most negative possible outcome. I want health care for all. Therefore, the county government of Monroe County, NY is going to train, educate, license, etc. all doctors, nurses, cleaning staff, etc. The county government of Monroe County, NY is going to arrange all of the rules […]

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