Even the more "subtle" or "nuanced" arguments for tariffs smack of the same old mercantilist arguments that have been refuted by economists going back to Adam Smith.
Alexandria Ocasio-Cortez is aghast that some people like to pick up a few bucks doing work which brings no prestige. This is part of a larger obsession among politicians with de-valuing and working against unglamorous jobs that involve "dirty" work.
Central banks' efforts to artificially stabilize interest rates encourages greater risk-taking by banks, and contributes to instability in the banking sector.
The Time magazine article creating "the gateway drug" myth in the 1970s provided no citations for its claims, except ambiguous references to unnamed “experts.” The evidence remains elusive 40 years later.
Colleges already are too dis-connected from market-based rewards for education that teaches real marketable skills. The plans for "free" college would make this even worse.
A comparison between the two theories of entrepreneurial action suggest that it may be time to drop the use of the words “equilibrium” and “disequilibrium” from economics.
