As Joseph Schumpeter noted, markets need “creative destruction” to survive and advance. However, Europe‘s Digital Market Act (DMA)—while written to ostensibly protect competition—gives the digital economy uncreative destruction.
Modern academic economics is based upon the methodologies used to study the natural sciences. However, such methodologies are inappropriate to study economics, which must be based upon causal-realism.
Unfortunately, we find that today‘s MAGA economics is in many ways a retread of the failed supply-side economics of old.
Amy LePore joins Bob to talk about FEMA's poor track record in recent disasters but also going back to Hurricane Katrina.
Nigeria has large oil deposits, educated people, and much economic potential. However, thanks to government intervention, Nigeria‘s promising economy is in shambles and no relief is in sight.
Critics of free markets claim that the 1980s and 90s were near-pure laissez-faire when, in reality, the regulatory state only got stronger.
Elite higher education in the US often seems to be a caricature of itself. As David Gordon shows, Yale University‘s Jason Stanley has redefined fascism to include the nuclear family and reading the Classics.
One of contentious parts of the history of the American Civil War is the question of whether southern blacks served as soldiers in the Confederate army. While the numbers of black Confederate soldiers didn‘t match their northern counterparts, many of them did serve as armed combatants.
Economist Bryan Caplan has held up the United Arab Emirates as an example of how open borders can be successful. Caplan clearly does not understand how immigration works in the UAE.
Ryan and Tho examine the role that ideology and interest groups will have on Trump's administration and on his political appointees.
