Where’s my carbon dividend check!? Semi-coherent thoughts on the Inflation Reduction Act
While teaching emissions control policies this last week to my undergraduates, I revisited my signature of the Economists’ Statement on Carbon Dividends (now signed by over 3600 economists). It’s been four years since the origin of the statement, and despite
What in the hell is heteroskedasticity?
Official youngest (and only) son of Env-Econ is a junior in college. He is currently taking his first econometrics class. I got the text below on Friday: Knowing full-well this is likely to get me in trouble, here's my explanation of
Managing Money Is as Important as Making It: The Sad Case of Athletes Going Broke
Lacking a solid team is a recipe for organizational failure, and those intending to excel in business—or any other sector—must invest in management. Considering that many professional athletes encounter bankruptcy shortly after retiring, they are a demographic that could greatly
The New Rules of Engagement
All people of goodwill have an obligation to fight the escalation of politics in American life. Original Article: "The New Rules of Engagement" This Audio Mises Wire is generously sponsored by Christopher Condon.
Producers Should Reject Calls to “Give Back”
All too often we are told that government employment equals selflessness and working for profit constitutes greed. It's time to reassess the meaning of certain words. Original Article: "Producers Should Reject Calls to "Give Back" This Audio Mises Wire is generously sponsored
Central Banks Turn to Gold as Losses Mount
The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so. Original Article: "Central Banks Turn to Gold as Losses Mount" This Audio Mises Wire is
Subsidizing Higher Education Is Not Creating Widespread External Benefits
President Biden’s student debt relief proposal created a storm of controversy. That is not surprising, since it was a transparent (and apparently successful) attempt to buy the votes of an important Democratic constituency, even though it created a target-rich environment
The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments
Every so often, I check my investment portfolio to see how it is doing. (I stay out of stocks these days, but that is due to my personal situation and is not to be taken as investment advice.) Portfolios are
Why This Recession is Different
Back in January Jeff Deist joined the Austrian Economics Discord Server for a live event concerning trends in 2023. Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal
The End of a Free Ride
Two economists walk into an AERE happy hour in New Orleans. One says, “Hey, are you and Economist 3 done providing that awesome public good?” Two says, “Ya know, we’ve been thinking about providing it again!” One says, “DO IT! It’s so useful