Burger King’s Lecture on Net Neutrality Is as Bad as It Sounds
For some reason, one of the worst reviewed fast food restaurants in America has made the bold decision to get into political activism - and in doing so demonstrated how ridiculous the policy they are advocating truly is.
Krugman’s Magic Bank Recapitalization
Paul Krugman’s latest missive in the New York Times is a nice example of his two recurrent themes, namely self-regard and world-weariness.
Minecraft and Crusoe Economics
Austrian economists often employ the pedagogy called “Crusoe economics” to illustrate the foundational principles of economic theory. Robinson Crusoe is alone on an island. He has nothing but his own body at his disposal, and he needs to find food and construct a shelter to survive. So what does he do?
He starts punching trees, of course!
New Course on Development Economics with GP Manish
In 2017, the US spent more than $50 billion on foreign aid. Why then are so many of the countries receiving this aid still living in dire poverty with starvation as a constant threat? Why doesn’t this aid foster economic growth and development in those regions? Because just throwing money at a problem, foreign aid in this case, simply doesn’t work.
Bovard in The Hill: Destroying, suppressing evidence is FBI standard procedure
Congressional investigators were rocked this weekend when the FBI notified them that five months of text messages from a top FBI investigator into the Trump campaign’s Russian connections had mysteriously vanished.
Filibuster in Cuba, Part 2
Before Roe v. Wade, Abortion Had Always Been a State and Local Matter
In recent decades, anti-abortion advocates have increasingly claimed that the US Constitution provides protections to babies in utero via the 14th Amendment. That is, the Amendment would guarantee that no state may “deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.”
Fed Nominee Marvin Goodfriend Lied to the Senate about Taxing Cash
The government shutdown wasn’t long enough to delay the nomination hearing for an economist who could be considered to be one of the “worst Fed nominees of all time.” While most of the headlines generated from Marvin Goodfriend’s testimony before the Senate today focused on the grilling he received from Senate Dems, there is one curious part of his testimony that has been largely overlooked:
A Brief (and Messy) History of Modern Gold Standards
Although gold prices hit a new high in mid-January, Americans, by and large, are still reluctant about gold. They don’t quite “get it.” This incomprehension is different than that of Americans not “getting,” for example, bitcoin (as few seem to). They may understand gold as a safe haven that has always stood the test of time, war, crises, inflation, etc.