The Political Economy of Bob Dylan
“So let us not talk falsely now, the hour is getting late.” (Bob Dylan, All Along the Watchtower, 1967)
U.S. Economy
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A Necessary Correction in the Oil Industry
Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.
Hazlitt and the Oil Bust
The weak dollar was a subsidy for the oil industry, but as Hazlitt noted, they make “the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller.”
Generational Poverty: An Economic Look at the Culture of the Poor
Adam Vass Gall discusses his recent book: Generational Poverty: An Economic Look at the Culture of the Poor.
Abe Lincoln’s Ethnic Nationalism
George Kateb's new book, Lincoln's Political Thought, is an important addition to Lincoln scholarship. Kateb appears to understand that Lincoln was more of a nationalist than a moral crusader, although Kateb's conclusions about the Civil War inspire skepticism.
Microbreweries Craft New Flavors of IP Regulation
There’s an interesting story in the news
There’s No Political Freedom Without Economic Freedom
Many have tried to create a division between “political freedom” and “economic freedom.” But all freedoms ultimately depend
Little-Known Laws That Cripple American Trade
The Jones Act and similar laws have been behind a precipitous decline in global American shipping. Passed for "national defense" purposes, such laws only serve to raise the cost of shipping to US ports while restricting consumer access to goods.
Jay Taylor: Austrian Economics and the Next (Bigger) Crash
Jeff Deist and Jay Taylor discuss markets, business cycle theory, and the Fed's latest bubble.
