Art Carden reviews some economic essentials … and some economic errors.
Also from Art Carden is this favorable review of my GMU Econ colleague Bryan Caplan’s book Labor Econ Versus the World: Essays on the World’s Greatest Market. A slice from Art’s review:
His posts on Keynesian nominal wage inflexibility are especially interesting, and he argues that before we look for active fiscal and monetary policy solutions we would do well to eliminate institutional and structural barriers that keep people from adjusting to changing conditions on their own. In the last fifty years, labor markets have been buried under mountains of regulation and miles of red tape (John W. Dawson and John J. Seater estimate the effects in this 2013 paper).
Randy Holcombe favorably reviews my GMU Econ colleague Jim Bennett’s latest book, Highway Heist.
GMU Econ alum Alex Nowrasteh criticizes some recent estimates, from the Center for Immigration Studies, on immigrant criminality.
Washington Post columnist Charles Lane reports on the massive rent-seeking-induced wastes of California’s
bullet crazy train. A slice:
Special interests ranging from Silicon Valley’s tech industry to Los Angeles County supervisor Mike Antonovich intervened to change the bullet train’s route through the state, which accordingly ended up in a suboptimal configuration “not based on technical and financial criteria,” as a former official told the Times.
Also writing on California’s crazy train is David Boaz.
Before reading this EconLog blog post by GMU Econ alum Nathan Goodman, I’d never heard of ska punk – but Nathan draws from its development sound economic lessons.
Jessica Hockett offers data that contradict the popular belief that NYC hospital emergency rooms were, in Spring 2020, overwhelmed by visits.
TANSTAFPFC (There Ain’t No Such Thing As Free Protection From covid.)
Don’t miss this interview of Jay Bhattacharya and Gigi Foster.