Over at Alt-M, George Selgin corrects some myths about the gold standard and about price-level fluctuations.

Steve Horwitz explains the huge economic, health, and wealth benefits of the automobile.  A slice:

The omnipresence of horses meant that 19th-century houses were built with “boot scrapers” outside so that people could get the manure off their boots before entering a home. The waste was also a source of disease, as were the dead horses in the streets. Disposing of the horses and their by-products was costly, and as historian Stephen Davies observed in an earlier Freeman column, there were many debates about how society would deal with the even larger amount of manure the future held if the then-current growth rate in the use of horses continued.

The car eliminated that worry by dramatically reducing the use of horses and replacing them and their waste products with the much cleaner automobile.

Tim Worstall explains why Trumponomics is simply a modern version of nutty ages-old mercantilist myths.

David Boaz concludes that we Americans live now in a libertarianish era.

James Pethokoukis points us to a new study out of the New York Fed casting further doubt (as if much doubt remained among sensible people) on the popular myth that irrational or bigoted discrimination is responsible for differences in men’s and women’s pay.

Elaine Schwartz warns against the unintended ill-consequences of government-mandated maternity leave. A slice:

According to a recent study from an economist at Cornell, generous parental leave policies could jeopardize all women’s chances for promotion. Looking at the impact on women, the study indicated that women hired after the Family and Medical Leave Act was passed were “five percent more likely to remain employed but eight percent less likely to be promoted than those who were hired before” it was enacted. The reason? Perhaps employers hesitate to invest in women if there is a chance they will take long periods of time away from work.

Similarly, research on the impact of generous maternity policies in Europe indicates that women are less likely to become managers or to occupy high-powered positions. In Chile, a child care mandate for working mothers led to a decrease in starting salaries for all women.

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