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Some Links

With links to the important work of James Sherk, my Mercatus Center colleague Veronique de Rugy weighs in again on the myth of the gap between worker productivity and worker pay.

Here’s Steve Hanke on the slow-down in economic growth of the past few years.  A slice (link added)):

Washington’s destructive policies have been dubbed “regime uncertainty” in a strand of innovative analyses pioneered by Robert Higgs of the Independent Institute. Regime uncertainty relates to the likelihood that an investor’s private property – namely, the flows of income and services it yields – will be attenuated by government action. As regime uncertainty is elevated, private investment is notched down from where it would have been. This can result in a business-cycle bust and even economic stagnation. I recommend Higgs’ most recent book for evidence on the negative effects of regime uncertainty: Robert Higgs. Taking a Stand: Reflections on Life Liberty, and the Economy. Oakland, CA: The Independent Institute, 2015.

Speaking of which, here’s Richard Rahn at his best.

Mark Perry reflects on the state of today’s environment.

Ilya Shapiro and Randal John Meyer report yet another frightening incident of unjustified police militarization in the U.S.

Here’s my colleague Pete Boettke on the proper role of economists.

At his Facebook page, Jason Brennan shares a ‘comic’ strip that accurately captures the stupidity and cruelty of the so-called ‘war on drugs.