Some Links

Tweet ^[1]

GMU Econ alum – and SUNY-Purchase econ professor – Liya Palagashvili is interviewed by Jared Meyer in Forbes on the paper that she and I wrote on the U.S. Department of Labor’s new overtime-pay mandate ^[2].

Shanker Singham explains that free trade works ^[3].  A slice:

A world of open trade, where competition on the merits is the economy’s organizing principle (meaning you succeed or fail based on the quality of your ideas and hard work) is a world that delivers growth, hope and opportunity in a sustainable, fair and more equitable manner because it delivers equality of opportunity. In this world, nationalism and protectionism would be pushed back into the shadows as true capitalism — open trade and open and competitive markets — demonstrates its own success and shines out as a beacon of light.

In the meantime, proponents of open and competitive markets must make the moral case for markets because of their poverty alleviating power, and must also make clear the immorality of policies that promote the corrosive power of monopoly, distortion and crony capitalism because of their capacity to destroy wealth out of the economy.

Libertarian comic Andrew Heaton talks about that great geyser of cronyism, the U.S. Export-Import Bank ^[4].

The remarkable Pseudoerasmus challenges the proposition that World War I was caused by economic inequality ^[5].

I thank Walter Grinder for reminding me of this great EconLog post by Alberto Mingardi on Mario Vargas Llosa ^[6].

Here are my colleague Walter Williams’s two most recent columns ^[7].

Mark Perry shares a splendid visual of the history of immigrant flows to the U.S ^[8].

Chelsea German helps to correct the distortion that surrounds today’s claim that ‘America’s middle class is shrinking. ^[9]‘

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