Monday , August 3 2020
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Tag Archives: Video

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Today is the 108th anniversary of the birth of Milton Friedman. Mark Perry celebrates. Writing in the Wall Street Journal, Richard Epstein applauds the Trump administration’s revision of federal regulations under the National Environmental Policy Act of 1970. A slice: Environmentalist critics work on the flawed assumption that the longer the review period, the greater the environmental protection. But that’s untrue for the large majority of important projects. As I detail in a report for...

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On Adam Smith on Mercantilism

If you read Adam Smith’s monumental 1776 work, An Inquiry Into the Nature and Causes of the Wealth of Nations, you cannot miss – especially when you get to the peak of the work’s crescendo (Book IV) – Smith’s complete disdain for mercantilism. Mercantilism was nonsense in Smith’s day – and he exposed this nonsense with brilliance and relish. Mercantilism remains nonsense in our day. In any era it is nonsense on steroids. The fact that mercantilism is a dogma cherished by the likes of...

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My intrepid Mercatus Center colleague Veronique de Rugy reminds us to look at the unseen consequences of unemployment-“insurance” payments. A slice: What’s more, even if one supports expanding UI during rough times, we must remember that whether the money is borrowed or taxed, this redistribution of income comes out of the real economy at the expense of other investments that are likely more valuable. This important reality looms especially large as the economy reopens, and businesses...

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“How Do You Know?”

The title of this post is my answer to young Ben Crockett who asked me, in this interview, what question or questions we should put to politicians itching to intervene into the economy. (I thank Ben for having me as a guest on his program.) Comments

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Here’s Bari Weiss’s letter of resignation from the New York Times. A slice: What rules that remain at The Times are applied with extreme selectivity. If a person’s ideology is in keeping with the new orthodoxy, they and their work remain unscrutinized. Everyone else lives in fear of the digital thunderdome. Online venom is excused so long as it is directed at the proper targets. Mike Munger reviews Amity Shlaes’s The Great Society: A New History. A slice: Interestingly, and I think...

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Kevin Williamson is rightly and eloquently critical of Joe Biden’s Trumpian economic nationalism. A slice: In a sane world, the infrastructure to-do list would precede the dollar figure: If the federal government needs to do x, y, and z (and there is much that does need doing), then the federal government should bid out those projects and ask Congress for funding. We do things the opposite way: Biden is following the longstanding Washington convention of putting a few hundred billion...

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