LinkedIn tracking pixel

Not Jonesing for the Jones Act

An obscure maritime law hit the news recently because of catastrophic weather and its consequences. Let’s hope we never have to hear about it again. Just a few years ago, very few people knew or discussed the Jones Act. Now everyone is talking about it. In a colossal but somewhat predictable fiasco, while Puerto Rico…

Read More Not Jonesing for the Jones Act

What it will take to get inflation under control

To bring down the inflation rate from the highest levels in 41 years, the federal government will have to reverse two of its proximate causes: excessive government spending and loose monetary policy. Today’s inflation crisis party has its roots in the coronavirus pandemic, which created supply chain blockages, manufacturing stops and starts, and wildly volatile changes in consumer…

Read More What it will take to get inflation under control

Why Does Socialism Fail?

The reason that socialism does not work in the long run—there are a couple of reasons: who are we as human beings, what are we capable of, and what are we not capable of. So I think it comes down to anthropology and economics. Read more at TIFWE

Read More Why Does Socialism Fail?

Should you bet on Bitcoin?

Cryptocurrency provides an exciting alternative to national currency as a decentralized alternative to fiat notes, but it’s no silver bullet. For those who’ve heard the word a lot but are still not sure what it means, cryptocurrency is a digital asset used to make purchases. It operates using a computer network, often a blockchain, a shared ledger…

Read More Should you bet on Bitcoin?

Give thanks for economic efficiency

A grasp of how basic economics contributes to human flourishing in astonishing ways gives the so-called dismal science a whole new luster. I have never been to an event or cocktail party where raising the issue of economic efficiency engendered a particularly emotional discussion or any level of enthusiasm. I have never been to a…

Read More Give thanks for economic efficiency