Some thoughts on equity and efficiency
I was recently looking back on some notes I wrote a while back on the difference between efficiency and equity. These notes came about for two reasons: 1) I've had fits and starts over the years of writing a Principles-level
Political Salvation Is Slow Suicide
The number one threat to our lives and prosperity is the US government. How could it otherwise be? Loaded with trillions of dollars acquired through legalized theft, the US government has gone beyond mere incompetence and foreign adventurism; it now colludes
Electric vehicles made up 10% of the market for the first time in 2022
From the WSJ (EVs Made Up 10% of All New Cars Sold Last Year): Electric-vehicle sales crossed a global milestone last year, achieving around 10% market share for the first time, driven mainly by strong growth in China and Europe, according
Spelling Out the Problem with W-o-k-e-n-e-s-s
John McWhorter takes on the present infatuation with wokeness and shows the real harm it is doing to our social fabric. Original Article: "Spelling Out the Problem with W-o-k-e-n-e-s-s" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Italian City-Republics Were the Manhattan of the Twelfth Century
The beautiful Italian town of Bologna is famous for its vast historical center full of medieval buildings, palaces, churches, and elegant porticoes. The visitor is left speechless by the remaining twenty-two towers out of about 180 erected between the twelfth
2023: You Wanted Endless Stimulus, You Got Stagflation.
Unfortunately, when governments all over the world decided to “spend now and deal with the consequences later” in 2020, they also sowed the seeds of a 2008-style problem. Original Article: "2023: You Wanted Endless Stimulus, You Got Stagflation." This Audio Mises Wire
The Politicization of Procreation: The Ultimate in “the Personal Is Political”
In the ultimate example of “the personal is political,” families form, break up, or expand due to US presidential elections according to a recent article in the American Economic Review. Apparently, the alternative responses of doom or elation that occasions
The Fed Is a Purely Political Institution, and It’s Definitely Not a Bank.
Those who know Wall Street lore sometimes recall that Fed chairman William Miller—Paul Volcker’s immediate predecessor—joked that most Americans believed the Federal Reserve was either an Indian reservation, a wildlife preserve, or a brand of whiskey. The Fed, of course,
How not to answer the question “Why are carbon taxes unpopular with policymakers and politicians?”
I received the question "Why are carbon taxes unpopular with policymakers and politicians?" from a follower on Twitter recently (give me a follow @tim_env_econ). So, I had the brilliant idea to compare how I would answer the question compared to
Mises Institute Awards
The Gary G. Schlarbaum Prize For excellence in research and teaching for a promising young scholar. 2022 Per Bylund2021 Jonathan Newman2021 Karl-Friedrich Israel2020 Patrick Newman2019 Timothy D. Terrell2018 Lucas Engelhardt2017 Carmen Dorobat and Matthew McCaffrey2016 David Howden2015 Philipp Bagus2014 Tom Woods For lifetime defense of