Politics
Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost...
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Although some scholars have labeled the early Ming Dynasty as a proto-liberal state, they are mistaken. The Ming governance at that time was weak,...
Economists consider probability to be central to economic analysis, but, as Ludwig von Mises wrote, economic action involves unique and purposeful events, not random...
The rise of the state led to the rise of credentialism, however, credentialism neither guarantees competence nor quality.
Bob uses clips from his recent interview with Eric Weinstein to explain why Weinstein thinks gauge theory can fix how economists measure the cost...
For more than 40 years, the Farmland Protection Policy Act has socialized US farmlands and transferred wealth to politically-connected people. What it hasn’t done...
The so-called K-shaped economy—where some experience positive growth and others negative growth—is perfectly explained by Austrian business cycle theory and the Cantillon effect.
On the economy, Trump gives himself a grade of “A+++++,” which is reminiscent of Hoover and other politicians who interpreted their economic failures as...
The GSEs have likely been told by the administration to buy up more mortgage debt to create the illusion that there is more demand...
Cuban hospitals are overwhelmed, pharma drugs are in short supply, and diagnostic tools are in short supply. The Cuban state is pretending nothing is...
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with...
Hassett was thought to be a done deal, but Trump and his allies are now suggesting that Kevin Warsh is the frontrunner.
He’s described by media as “hard right” and “ultra-conservative” which suggests he’s a center-right candidate who, nonetheless, handily beat his communist rival.
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with...