‘Economics’ Archive

If We Treated Food the Way We Treated Housing November 18, 2014 No Comments

Josh Barro, an economics columnist at the New York Times who used to be at Forbes, has written an interesting column on what the food marketplace would be like if we owned lifetime resaleable futures in our food instead of buying it weekly or daily.  The incentives, he said, would be very different.  Instead of […]

Agrarianism Without Agriculture? August 8, 2014 No Comments

The ever-surprising Ralph Nader has recently been reading some paleo-conservative sources, and has written a book entitled Unstoppable; the Emerging Left-Right Alliance to Dismantle the Corporate State.  In the acknowledgements at the end, he specifically thanks Intercollegiate Studies Institute, a conservative think tank, for keeping in print a tome from the 1930s called Who Owns […]

“Addicted to Inflation,” Indeed July 25, 2014 No Comments

Paul Krugman has just issued a column charging conservatives with being “addicted to inflation,” not that they are pro-inflation necessarily but that they believe, and always believe, that hyper-inflation is imminent. Well, we had the real thing back in the 1970s; the cover price of the major news magazines of the day jumped from $.25 […]

On the Whole Postmodern in Law and Economics Thing January 18, 2012 2 Comments

Victor Davis Hanson, in this attached essay, claims that President Obama has a postmodern vision of law. I am not necessarily going to argue that point. I have maintained, already, that President Obama has what I call an allergy to antithesis. But I did feel moved to comment on the whole Postmodern in Law, or […]

How to do Deficit Spending or The Trouble with Keynesianism December 8, 2011 1 Comment

The prescriptions of John Maynard Keynes have been controversial since his time:  the idea of deficit spending for “priming the pump,” the idea of the “paradox of thrift,” and others that seemed to go contrary to traditional financial virtues.  Many have blamed John Maynard Keynes, in fact, for the fact that America’s national budget is […]

Why Non-Suburbanites Distrust Suburbanites August 30, 2011 No Comments

I’ve had the great Arcade Fire album, The Suburbs, on in my car recently, and have been inspired by it to a few thoughts. Most people, especially people with children, aspire to a real house and not a condominium or an apartment, a house you can walk around the outside of, with at least a semblance […]

The Two Income Trap August 29, 2011 No Comments

We have referred to Ms. Warren and Ms. Tyagi”s book, The Two Income Trap, rather often in these pages. When Obama wanted to appoint her consumer czar, she was attacked. Here is Christopher Caldwell, of the neocon magazine The Weekly Standard, defending her. In reference to: “Elizabeth Warren, Closet Conservative” by Christopher Caldwell at The […]

The Triumph of Politics Over Economics April 8, 2011 No Comments

In this article, David Stockman, although both a hard-money man and a social liberal, comes out against continuing the G. W. Bush tax cuts!  Read it to find out why. Related: “The Triumph of Politics Over Economics” by Nick Gillespie at Reason.com

Inflation January 24, 2011 No Comments

Michael Brendan Dougherty says that the Fed has, under Bernanke, pursued an expansionist philosophy of letting asset prices rise and never trying to limit or deflate “bubbles.” This is a different one than it followed in the Paul Volcker era, when it allowed interest rates to spike in 1981 to stop the Great Inflation of […]

American Christianity – Soon a Phenomenon of the Educated? September 11, 2010 1 Comment

For years and years we have been fed with the story that orthodox Christianity and other conservative and demanding religions were primarily, though not exclusively, the domain of the less educated, and that the highly educated were inclined toward more “liberal” and “postmodern” forms of spirituality that did not claim to be exclusively true.  Now […]

The New Suburbs, a Plane Ride Away July 30, 2010 3 Comments

Does anyone air-commute from Phoenix to LA or OC? I”ll bet they do! Read: “The New Suburbs, a Plane Ride Away” by Nick Wingfield via WSJ.com.

Maoist War Against India’s Criminalized Capitalism July 1, 2010 2 Comments

Capitalism based on relationships with persons in the state who can dispense or withhold permissions or favors is crony capitalism. Capitalism with too weak a government or moral standards is gangster capitalism. Here’s an example of gangster capitalism justified by local theology. – Howard Ahmanson Editor’s Note: Vishal Mangalwadi is an Indian philosopher. His lectures […]

Global Warming: If You Can’t Beat It, Join It. February 24, 2010 3 Comments

This recent article in Reason Magazine by Ronald Bailey raises the issue of whether Global Warming is worse than the sort of society and government it would take to stop it. Actually, I think a more efficient way of dealing with global warming might be to adapt to it.  That solves two problems. First, I […]

I Do Not Have to, and I Will Not, Choose Between Being “Morally Superior” and Being A “Robber” November 18, 2009 No Comments

I enjoyed Jonathan Chait’s review of two books about Ayn Rand’s world in a recent New Republic. I have not actually read the books reviewed, but I, and members of my family, have been at various times exposed to and fascinated by Ayn Rand, from her first novel, We the Living, which is possibly her […]

The Left Would Rather Bargain with the Redevelopment Monster October 14, 2009 No Comments

I had the fortune to discover a little piece written by one Alyssa Katz in American Prospect Online, after the Kelo decision. The AARP and the NAACP, not organizations of the right, had joined Cato and Reason, of libertarian leanings, in filing briefs for Kelo, which would have restricted the use of eminent domain to […]