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Arnold Kling reviews Charles Calomiris’s and Stephen Haber’s Fragile by Design.

Daniel J. Smith and Laura Grube – both young economists trained at GMU – explore the political economy of disaster aid.

Marty Mazorra understands dignity differently than does Paul Krugman.

I did not know that Lenin was a prohibitionist.  (I’m not surprised, however.)  Bryan Caplan explains.

George Selgin explains that, in matters of monetary policy, the really dangerous mistake is central banking.

In yesterday’s New York Times, Greg Mankiw explains what should be more obvious to economists, namely, that very rich people in market economies typically deserve their great wealth.  Here’s Mankiw’s concluding paragraph:

Unlike the superheroes of “The Avengers,” the richest 1 percent aren’t motivated by an altruistic desire to advance the public good. But, in most cases, that is precisely their effect.

Not surprisingly, Paul Krugman raised objections to Mankiw’s column.  Mankiw responded.

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