Technology Alone Won’t End Poverty. We Need Savings First.
According to some commentators such as economics Nobel Laureate Paul Romer, technical knowledge is key to economic growth. But if this is the case, why do third world economies continue to experience poverty? After all, individuals in these economies have access to
Is Math Racist? That Does Not Compute
Racism has, tragically, raised its ugly head throughout history. And American has certainly seen its share. But after all the other things that have been called racist, with everything connected to them bearing guilt by association, it is nonetheless stunning
The NBA’s National Anthem Mandate: Another Political Ploy from Pro Sports
The controversy over Mark Cuban and the national anthem reminds us the NBA and the NFL have spent the last few decades relying on the national anthem as a cynical ploy. Employing "antiracism" and BLM politics was just the natural
Per Bylund: Austrian Economics is the Science of Business Success
For any size and any type of business, the generation of value requires more than strategy, planning, and executional excellence. It calls for the establishment, communication, and internalization of value-generation principles (see Mises.org/E4B_105_PDF), solidly founded and consistently applied. This concept of
Economists and Psychologists Are Weaponizing Psychology and the Idea of “Rationality”
This year has been interesting for Wall Street, to say the least. After hearing that hedge funds had shorted the stock of the dying retail chain GameStop by over 100 percent of shares, Redditors banded together to buy up the stock,
The Fight over Economics Is a Fight over Culture
The Left long ago figured out how to get ordinary people interested in economic policy. The strategy is two pronged. The first part is to frame the problem as a moral problem. The second part is to make the fight
Down with the Presidency
The modern institution of the presidency is the primary political evil Americans face, and the cause of nearly all our woes. It squanders the national wealth and starts unjust wars against foreign peoples that have never done us any harm.
Everything They Don’t Like Is Now a Public Health Emergency
Last summer, infectious disease experts at the University of Washington wrote what they called an “[o]pen letter advocating for an anti-racist public health response to demonstrations against systemic injustice occurring during the COVID-19 pandemic.” It is essentially a letter explaining that
ECONOMIC SURVEY 2021 AND ITS SUGGESTIONS
On the first day of the budget session, Finance Minister Nirmala Sitharaman tabled the 2020-21 Economic Survey in Parliament. Authored by a team headed by Chief Economic Advisor Krishnamurthy Venkata Subramanian, the Economic Survey 2020-21 outlines the condition of various
Pennsylvanians Could Overturn Governor’s Emergency Covid Powers in May Referendum
On Friday, February 6, the Pennsylvania (PA) state legislature gave the final approval to put three state constitutional amendments on the ballot for a popular referendum scheduled for May 18. Two of these amendments address the power of the state