Paul Krugman Is Right…albeit Selectively and Hypocritically

04 Dec 2024 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, income redistribution, industrial organisation, international economics, law and economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags:

I like profits. But let me qualify that statement. I like profits that are the result of businesses providing goods and services that consumers value. Those profits are earned. By contrast, I don’t like it when businesses get in bed with government and get money via cronyism, bailouts, subsidies, protectionism, or industrial policy. Those profits […]

Paul Krugman Is Right…albeit Selectively and Hypocritically

WSJ Video on Trump-Biden-Trump Tariffs

22 Oct 2024 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, economic history, industrial organisation, international economics, politics - USA, survivor principle Tags: ,

TweetI can pick a few nits with this eight-minute-long video from the Wall Street Journal on tariffs – for example, for all of their many problems, tariffs do not (contrary to what’s reported in the video) cause any net, economy-wide loss of jobs. Nevertheless, this video is quite good, not least because it features the…

WSJ Video on Trump-Biden-Trump Tariffs

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