The paradox of choice
byHere is a puzzle for Keynesian and other neo-classical economists. When a consumer buys something, he must choose; and if he increases his purchase…
Economics
The Laissez Faire Club
byA significant new development in the libertarian world … Laissez Faire Books Launches the Laissez Faire Club by Geoffrey Allan Plauché on April 20,…
It’s about the law, Senator!
by“No presidential aspirant has ever had such an exotic financial portfolio,” suggested US Senator Dick Durbin recently in reference to reports that US presidential…
Professor Taylor channels Friedman
byFew US monetary economists have as solid a reputation as Professor John Taylor of Stanford University and the Hoover Institution. In a recent op-ed…
Contra Bernanke on the gold standard
byIn his lecture at George Washington University on March 20, 2012, Federal Reserve chairman Ben Bernanke said that under a gold standard the authorities’…
What are economists for?
by“Most economists, it seems, believe strongly in their own superior intelligence and take themselves far too seriously. In his open letter of 22 July…
TARGETing problems in eurozone
byIt seems that every time you turn over a stone on the rocky shore that is the financial condition of the Eurozone you find…
Please don’t call this capitalism!
bySurprise, surprise, the Euro Zone debt crisis is back. Or was it never gone? As yields on Spanish and Italian government bonds are heading…
Building the BRIC wall
byThe Delhi Declaration translated Unless coming from North Korea or another dysfunctional dictatorship, diplomatic language is normally notoriously vague and, when on occasion specific,…
As easy as ABCT
byIn economics as with medicine any cure must begin with a sound diagnosis. But if economists were doctors the patient would have died on…