Some Links

Tweet

Bruce Yandle explains that “freedom goes down when tariffs go up.”

My intrepid Mercatus Center colleague Veronique de Rugy busts the myth that supporters of that great geyser of cronyism, the U.S. Export-Import Bank, are motivated by public spirit. A slice:

A quick look at the Ex-Im Bank’s Competitiveness Report reveals that it is extremely focused on what other export-credit agencies (ECAs) are doing, as if economic growth and jobs are the result of hand-to-hand combat between government-run dispensaries of subsidies. But they’re not. Just take a look at the hyperactive ECA in Italy. That country is the top OECD country, by volume of exports backed by ECA financing. Yet the Italian ECA’s hyperactivity doesn’t change the fact that Italy is an economic basket case. In fact, I’ll bet you that the same economic fallacies that lead to Italy being in such a bad shape also drive the belief that government subsidies can change the balance of trade or the level of exports in ways that grow the economy.

GMU Econ alum Will Luther argues that the optimal currency area is the globe.

David Henderson is not impressed with the economics displayed, in the pages of the New York Times, by two newly minted economics Nobel laureates.

Also not impressed by the economic research that was most recently awarded the Nobel Prize is Deirdre McCloskey.

George Will, favorably citing an amicus brief by the Cato Institute’s Ilya Shapiro and Josh Blackman, rightly argues for the court’s to rein in executive-branch discretion.

Arnold Kling isn’t convinced by the connection that Torben Iversen and David Soskice claim to find between prosperity and democracy.

Comments