Noah Smith Wants Harvard to Abandon Its Devotion to “Libertarian” Economic Theory. Really.
Let’s talk about Econ 101, scientism and modern economics.
At Bloomberg, Noah Smith argues that Greg Mankiw’s Principles of Economics textbook is out of date because academic economists are more concerned with empirics and wealth inequality.
College Admissions Scandal: More Meddling by the Feds
As with the federal investigation into college basketball recruiting, the college admissions scandal announced yesterday seems to fall into FBI jurisdiction only because of the overly broad mail and wire fraud statutes and federal racketeering laws — which make every tort or contract violation into a federal crime.
The Right Not To Testify
[This originally appeared in Libertarian Review in November 1978.]
Libertarians surely favor freedom of speech, that is, the right to speak without being hampered by the government. But the right to speak implies the right not to speak, the right to remain silent. Yet libertarians have themselves been strangely silent on the many instances of compulsory speech in our society.
Tuesday’s UK Vote Chaos: Will Brexit Never Happen?
We are closing in on the third anniversary of the UK’s referendum to exit the European Union. The decision by the British people on June 23, 2016, was overdramatically called by many as revolutionary, but it was significant without a doubt. In theory, Britain is set to leave the EU in a little more than two weeks — on March 29. Nonetheless, there might not have been a time since the vote in 2016 that Brexit actually happening was so much in doubt as today.
The Battle of Pea Ridge, Part 2: Elkhorn Tavern
Capitalism Turns Luxuries Into Necessities
Bashing the rich is all the rage these days. In a clear appeal to envy, Democratic leaders are trying to outdo each other with escalating bids on how much of rich’s wealth should be stolen by government.
In one tweet, Elizabeth Warren called out a billionaire NFL owner for paying $100 million for a “superyacht,” insisting that instead he should be paying Warren’s proposed “Ultra Millionaire Tax” to those less wealthy.
Cash for Clunkers: Yet Another Way Government Increased the Cost of Living
President Obama’s Car Allowance Rebate System (CARS), more popularly known as “Cash for Clunkers,” is now a decade old.
Recession Will Turn Debt Into Junk
Diane Swonk says the 20,000 payroll number for February was a head fake. She blamed bad weather, the government shutdown, and other gobbledygook to explain away the 160,000 job miss for the year’s shortest month.
According to Michael Snyder, in a piece posted on Zerohedge.com,