Matt Bruenig’s Wealth Calculation – The Rich Gained $21 Trillion, The Poor Lost $900...
The details of anything are tough. Sure, an omelette is just eggs'n'milk'n'butter'n'stuff and yet the number of people who can cook a good one...
Industrial Policy Is Very Difficult – That’s Why Politicians Are The Last People We...
An interesting paper here arguing that industrial policy is what has made the Asian Tigers catch up with the rich world. Arguable, but let's...
Schipol Is A Flower Centre Because Of Tulipmania
It is entirely true, as Don Boudreaux quotes, that Antwerp is not a diamond center because of its diamond mines. The background here being...
It’s True You Know, Globalisation Makes People Better Off
Given that the great gainers of globalisation have been the poor the thought that the process makes people better off should be obvious. But...
Drinking Brine
Tom Sowell said that the problems of today are the result of the solutions of yesterday.
Which got me thinking about a very important solution...
Not Really The Best Economic Description Of Why Inflation Is Desirable
It would appear that the United States also suffers from that overexpansion of the universities. It not so much being that there's not a...
Sure We’ve No New Concorde – Also No New Cheop’s Pyramid
A useful and interesting review here from the Homoitalicus blog. It's entirely true that we've not got a new Concorde, we're not going to...
Technology Discovery Is Both Spreading And Diffusing – This Makes Us All Richer
In the longer term, as we know, productivity is pretty much everything. The things that drives productivity is the employment of technology. So, if...
To Get Italy’s Foreign Debt Exposure Entirely Wrong
If we were to comment upon Italy's debt exposure then it would be incumbent upon us, as the sort of responsible, no snark, people...
United Way Alice – How We Get Truly Insane Economic Statistics From The Left
This is courtesy of, because of course it is, Robert Reich:
As a result, almost 30 million Americans still lack health insurance, nearly 51 million...