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Matt Palumbo

Works Published inMises Daily Article

Matt Palumbo is the author of The Conscience of a Young Conservative and In Defense of Classical Liberalism.

All Works

The Broken Window Fallacy and "Blessings" of Destruction in the Real World

Booms and BustsHistory of the Austrian School of EconomicsPhilosophy and Methodology

07/15/2015Mises Daily Articles
It's been a light season for hurricanes and tropical storms in North America, and contrary to what many economics "experts" may think, that's a good thing. After all, natural disasters are extremely costly in terms of opportunity costs and capital...

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Frédéric Bastiat’s Economic Sophisms Is Now More Important Than Ever

History of the Austrian School of EconomicsPhilosophy and MethodologyPolitical Theory

06/29/2015Mises Daily Articles
Frédéric Bastiat would have turned 214 today. Although primarily remembered for The Law , Bastiat's book Economic Sophisms , filled with Bastiat's unique wit, and his ability to destroy bad economic theories, is as timely as ever...

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The Myth of CEO Pay and "Greed"

PricesValue and Exchange

06/06/2015Mises Daily Articles
We’re often told that CEO pay is outrageously high and that increases in executive pay comes at the expense of worker pay. If we look beyond the few examples used by the pundits, however, we find that these oft-repeated “facts” are anything but...

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Why Larry Summers Doesn’t Understand Economic Inequality

Global EconomyU.S. Economy

05/05/2015Mises Daily Articles
Economists long ago disproved the idea that if the rich get a bigger slice of pie, everyone else’s slice must be getting smaller. In fact, the data continues to show that inequality and growth are not at odds...

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