Even More Evidence Against Minimum Wage Laws

As explained by public intellectuals such as Milton Friedman, Johan Norberg, John Stossel, and Orphe Divougny, the argument against minimum wage requirements is very simple. If politicians dictate that people can’t be employed unless they receive, say, $15 per hour, then workers who are worth less than than amount (because of low skills, no experience, […]

Even More Evidence Against Minimum Wage Laws

Zwolinski on the UBI

Philosopher Matt Zwolinski, co-author of Universal Basic Income: What Everyone Needs to Know, was a core member of the old Bleeding Heart Libertarians blog, which shut down in 2020. Now’s he’s singledly-handed revived the BHL brand on his new Bleeding Heart Libertarian substack. Matt recently published a critique of my response to Chris Freiman on…

Zwolinski on the UBI

Productivity woes….continued

In my post on Monday I drew attention (again) to the fact that New Zealand has made no progress at all in reversing the decline in relative economywide productivity (relative to other advanced countries) since what was hoped to be a turning point, with the inauguration of widespread economic reforms after the 1984 election. If anything, […]

Productivity woes….continued

40 years on

Pension crisis

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Take me to the alter

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Wrong from the start:

In 1798, Thomas Malthus told the world to expect collapse – “Population, when unchecked, increases in a geometrical ratio. Subsistence increases only in an arithmetical ratio.”

The convoluted history of sex testing in the Olympics

The article below, recounting the Olympics’ tortuous attempts to distinguish members of sexes for women’s sports, comes from  the Reality’s Last Stand Substack site. It’s by Linda Blade, identified as “a sport performance professional coach in Edmonton, Alberta, Canada [PhD Kinesiology; ChPC in T&F] who trains athletes in many different sports, mentors coaches, and advocates […]

The convoluted history of sex testing in the Olympics

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Antisemitism in America as displacement behavior

It’s likely that most or all of today’s posts will be about the antisemitism in America and the world, a form of hatred revealed and exacerbated by the war between Israel and Hamas.  There are no other worthy items to post about, so if you’re tired of the war, or of discussions about Jews, just […]

Antisemitism in America as displacement behavior

Quotation of the Day…

Tweet… is from my emeritus Nobel-laureate colleague Vernon Smith‘s splendid speech “Human Betterment Through Globalization,” delivered in September 2005 at the Irvington-on-Hudson then-headquarters of the Foundation for Economic Education: The challenge is that we all function simultaneously in two overlapping worlds of exchange. First, we live in a world of personal, social exchange based on…

Quotation of the Day…

Solow on Market Advantages and Market Failures

Robert Solow (1924-2023) died last week. As a starting point for understanding his life and his work on growth theory, the Nobel prize website, since he won the award in 1987, includes an overall description, a biographical essay, and his Nobel lecture. I can also strongly recommend an interview that Steven Levitt carried out with…

Solow on Market Advantages and Market Failures

How Were So Many Economists So Wrong About the Recession?

That is the topic of my latest Bloomberg column, I thought it was time to call out all the Orwellian rewriting of intellectual history going on, so here goes: As Treasury Secretary Janet Yellen said last week: “So many economists were saying there’s no way for inflation to get back to normal without it entailing a […]

How Were So Many Economists So Wrong About the Recession?

Holiday safety advice

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190308 [Webinar] Consistent Economic Policy and Economic Development

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