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What Can Hong Kong and Cuba Teach Us about Economic Policy?

Early this year, I shared an amusing but accurate image that showed an important difference between capitalism and socialism. And in 2012, I posted a comparison of Detroit and Hiroshima to illustrate the damage of big government. Well, if you combine those concepts, you get this very pointed look at the evolution of Cuban socialism […]

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State and Local Governments Have No Fiscal Excuse for Rapacious Revenue-Raising Tactics

I generally focus on the profligate habits and abusive tactics of the federal government in Washington, but that doesn’t mean other levels of government are well behaved. In a column for the Washington Post, Catherine Rampell outlines some of the reprehensible ways that state and local governments extract money from the citizenry. Think of recent, […]

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Everything You Ever Wanted to Know about Obama’s Failed Approach to Corporate Inversions

I don’t know whether it’s because I’m a libertarian or because I’m an economist, but I get very frustrated by the issue of corporate inversions. It galls me to hear demagogic politicians like Obama make absurd statements about “unpatriotic” corporations that re-domicile overseas when the problem is entirely the result of bad policy that penalizes […]

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Gruber Genius, Gruber Who?

H/T to:American Commitment for the following video, and  a hat tip also to one of my great tribble friends Lee Rogers @Spike72AFA for tweeting this video on twitter.Jonathan Gruber – genius or who?As it turns out the MIT Professor Jonathan Gruber …

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Gruber Genius, Gruber Who?

H/T to:American Commitment for the following video, and  a hat tip also to one of my great tribble friends Lee Rogers @Spike72AFA for tweeting this video on twitter.Jonathan Gruber – genius or who?As it turns out the MIT Professor Jonathan Gruber …

Continue reading Gruber Genius, Gruber Who?

Social Capital, Culture, Markets, and Institutions

When I wrote last week about “social capital” as a key determinant of long-run prosperity, I didn’t realize I would generate a lot of feedback. Including several requests for more information. Which creates a small problem since the field is so large that it’s difficult to provide an overview. If people were asking questions on […]

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