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Tag Archives: Economics

EconTalk Podcast on James Buchanan

Here’s the full version of my EconTalk podcast, recorded this past December 23rd, on Jim Buchanan, with special emphasis on his articles “What Should Economists Do?” and “Natural and Artifactual Man.” The link to the audio-only version of the podcast is here. Again, I thank Russ for inviting me to be again on EconTalk. Comments

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Minimum Wage Hikes Kick in at Worst Possible Time for Small Businesses

The government response to the coronavirus pandemic has put extraordinary pressure on small businesses. And that pressure is about to increase thanks to yet another government action – minimum wage increases across the US.According to a study by Brookings released in September, more than 420,000 small businesses had closed their doors permanently since the beginning of the pandemic. That represents a staggaring 7.1% of all small businesses. That number has certainly increased.This should...

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Some Non-Covid Links

George Will rightly condemns Josh Hawley and Ted Cruz for playing leading roles in unleashing Wednesday’s mob on Capitol Hill. A slice: The Trump-Hawley-Cruz insurrection against constitutional government will be an indelible stain on the nation. They, however, will not be so permanent. In 14 days, one of them will be removed from office by the constitutional processes he neither fathoms nor favors. It will take longer to scrub the other two from public life. Until that hygienic outcome...

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Some Links

Devon Williams writes a beautiful eulogy for her father, the great Walter Williams. A slice: As a father, he was also a teacher. My dad taught me that hard work eclipses talent or natural gifts every day of the week and twice on Sunday. He taught me how to drive like a Philadelphia cabbie and how to parallel park in a space equal to the length of my vehicle. He taught me that the best time to look for a job is when you already have one and that opportunities are often masked as...

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Some Links

My intrepid Mercatus Center colleague Veronique de Rugy decries the damage to education done by the reaction to Covid-19. A slice: When schools closed in March, there were many unknowns. But the latest research supports the fact that this instructional dysfunction is unnecessary. Experts now know that locking children at home doesn’t keep people safe from COVID-19’s infectiousness or mortality, and sending them to school doesn’t carry much risk either. Studies that looked at the...

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Some Links

Arnold Kling reviews Alberto Mingardi’s book on Thomas Hodgskin. GMU Econ alum Erik Matson writes intelligently on Adam Smith and the common good. A slice (footnote deleted): To Smith, “common good capitalism” would seem redundant. Smith of course never used the word “capitalism”—that came with Karl Marx and his followers. But if we think about capitalism simply in terms of the private ownership of property, which includes a person’s ownership of her physical and human capital and the...

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Star Parker on Walter Williams

Star Parker devotes her latest show to my late, great colleague – and her friend – Walter Williams. It’s splendid. (I thank Ms. Parker for inviting me to be a guest, which allowed me the pleasure not only of meeting her for the first time, but to see Bill Allen for the first time in many years.) [UPDATE: Earlier this morning, the video appeared to be publicly available, but I see that it is now not so. Even I no longer can access it. However, I will keep this post up (1) to alert people...

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Fun on Friday: Economics in One Song

I love music. A good song can comfort, inspire or motivate.  There are a lot of really good songs out there. I found one the other day. I’ll get to that in a minute. But first, I have to say there are also some real duds.I’m not just talking about boring bubble gum pop or bro-country. That’s a matter of style, and I guess some people like that stuff.  I don’t understand why, but who am I to criticize? After all, music taste is subjective.But there are some lyrics that are objectively...

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Some Links

Here’s a short video showcasing the talent and insight of the late, great Walter Williams. Orlando Watson remembers Walter Williams. A slice: The more I studied Williams’ writings, the more I came to see a man who was willing to challenge conventional wisdom — not with over-the-top rhetoric, but with evidence, research, and insight. Years later, as I began a career in Republican politics, it was unsurprising to me that Williams’ rhetorical style, coupled with the weight of his work as an...

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