Quantitative Methods in Economics Can Describe—but Not Explain—Events
Human action cannot be analyzed in the same way that one would analyze objects. These quantitative methods do not improve our knowledge of the driving causes in economics.
Podcast
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Markets Aren’t about “Using” People. Markets Help People Attain Their Goals.
Claims that market arrangements involve the unethical “using” of others are of lengthy pedigree. But they are also of questionable merit.
The Marginal Revolutionaries
Jeff Deist details the good, bad, and ugly of a book on the history of the Austrian school, written by a left-progressive historian from a critical perspective.
Big Tech and the Sovereign Consumer
Both the Senate hearings on “Big Tech” companies and the Department of Justice (DOJ) lawsuit against Google amplify popular misunderstandings of what drives competition in the market for information.
The Federal Reserve: What To Expect in 2021
Expect more of the same in 2021. The Fed has no real plan. It is just lurching from one crisis to the next, hoping more easy money will buy some time.
Marxists Dominate the Field of Literary Criticism. That’s a Problem.
Matt Spivey continues the pioneering work of Paul Cantor and Stephen Cox in bringing sound economics to the analysis of literature.
The Weirdest, Most Distorted Economy Ever
The Fed is not allowing the economy to heal, but instead induces more distortions and weirdness. The explosion in orders for new trucks is perhaps just the latest example.
Trump’s NDAA Veto Threat Should Force a Conversation on Defense Spending
A dirty secret of congressional military spending is that when the government allocates billions in spending, unnecessary, wasteful, and parochial interests quickly find their way into the legislation.
Colonialism Doesn’t Explain the Developing World’s Problems
It is popular to assume that colonialism explains most modern-day dynamics in the developing world. But what if precolonial institutions are the real deciding factors?
No Privacy, No Property: The World in 2030 According to the WEF
The World Economic Forum and its related institutions in combination with a handful of governments and a few high-tech companies want to lead the world into a new era without property or privacy.
