Remembering the Contributions of Lucas and Alchian
Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law & Economics) to discuss the work of Armen Alchian, but on the day of recording, Robert Lucas happened to die. Bob and Brian discuss rational expectations, real business
Libertarian Law by Democratic Means: The Power of Ideologies and Public Opinion
Mises had hoped that democracy would lead to free societies after World War II ended. He did not foresee the illiberal turn in the West in the last decade. Original Article: "Libertarian Law by Democratic Means: The Power of Ideologies and Public Opinion"
Bank of England Economist: Britons Need to Accept That They’re Poorer
Speaking on a Columbia University Law School podcast, the chief economist of the Bank of England, Huw Pill, said Britons “need to accept” that they have been made poorer by the inflation perpetrated by the central bank. Price inflation today is
Some thoughts on non-probability, aka opt-in, survey panels
I participated in a survey conducted by Clemson this week. I was eligible because I had published a paper using opt-in panel data at some point. I posted the image to the right to twitter and proceeded to provide a
The Theory and Practice of Rhetoric: An Interview
Erec Smith In an interview for the American Council of Trustees and Alumni (ACTA), I discuss the theory and practice of rhetoric. Although I am a professor of rhetoric by trade, many consider my participation in the current “culture war” as my primary motivation.
How the Dollar Became the World’s Top Global Currency
The dollar became the dominant global currency not so much because of its own merits, but because of the self-destruction of the pound sterling caused by the British state and central bank. Original Article: "How the Dollar Became the World's Top Global Currency"
Banks Are Lending Less Money, and That’s a Formula for Recession
Banks have been tightening their lending standards, and they plan to keep doing it throughout the rest of the year. Last week, the Board of Governors of the Federal Reserve released a new report on how much banks plan to
The “Buy Black” Movement: Divisive or a Boon to Black Entrepreneurs?
The Buy Black movement has triggered a series of intense debates in the black community and the wider America. Activists proposed this project as an opportunity to generate wealth for black Americans by supporting black entrepreneurs. On the downside, others
Tennessee Leads the Way in Removing Barriers to Foreign Doctors
Jeffrey A. Singer I have long been calling for states to make it easier for doctors who are licensed and experienced in other countries to serve patients in this country. States require such doctors to repeat their entire residency training in
Hearing Remarks: Protecting American Families from Higher Taxes
Adam N. Michel I recently testified for the Senate Budget Committee on the topic of taxes, economic growth, and budget deficits. You can read my full written testimony here, and watch the hearing here. Below is a lightly edited version of the