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Arnold Kling

Whether the topic is the economic effect of social security reform or the relationship between money and happi [Read More]

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The Double Whammy of Uselessness, by Bryan Caplan
While promoting my new book, I've repeatedly argued that foreign language requirements in U.S. schools are absurd and should be abolished.  For two distinct reasons.Reason #1: Americans almost never use their knowledge of foreign languages (unless th...
Thursday, February 22, 2018

You get what you pay for, by Scott Sumner
This tweet caught my attention: Jeff Bezos possesses $121.3 billion dollars. There are about 550,000 homeless people in America. If Jeff Bezos gave every homeless person in America $100,000, he would still have $66.3 Billion Dollars! Let that sink ...
Thursday, February 22, 2018

A Balanced View of Trump, by David Henderson
I rarely find a balanced view of Trump. I gave one about a month ago. I've now found another. Here's Richard Brookhiser on what William F. Buckley, Jr. thought of Trump: Buckley wrote about Trump the politician once, in an article for Cigar Aficiona...
Wednesday, February 21, 2018

Do deficits matter?, by Scott Sumner
I am seeing a disturbing rise in "free lunch" thinking. One place this increasingly shows up is in the case of "deficits". People seem to have trouble grasping that deficit spending implies future austerity. Let's start with an electric company....
Wednesday, February 21, 2018

Harassment: A Keyhole Solution, by Bryan Caplan
Way back in The Undercover Economist, Tim Harford taught us the wonder of "keyhole solutions" for social ills:Keyhole surgery techniques allow surgeons to operate without making large incisions, minimizing the risk of complications and side effects....
Wednesday, February 21, 2018

Reminder: Talk at Webber International University, by David Henderson
I will be speaking on Thursday at 7:00 p.m. at Webber International University, Babson Park, Florida. Topic: Economic Inequality: Popular Misunderstandings and Important Facts Place: Yentes Conference Center 1201 N Scenic Hwy Babson Park, FL 33827 ...
Wednesday, February 21, 2018

Henderson on Economic Inequality, by David Henderson
[L]et us consider two historical figures of twentieth-century American history. The first came to prominence in the late 1940s, when he invented a light one-man chainsaw, and sold more than 100,000 of them at a price that made him quite rich. That a...
Tuesday, February 20, 2018

There's no success like failure, by Scott Sumner
I've worked in several different types of organizations, and I've observed a growing tendency for managers to look for measurable metrics to assess productivity. Fortunately, I've generally been in a position where I didn't have to spend a lot of tim...
Tuesday, February 20, 2018

Against Argumentative Definitions: The Case of Feminism, by Bryan Caplan
Suppose I define socialism as, "a system of totalitarian control over the economy, leading inevitably to mass poverty and death."  As a detractor of socialism, this is superficially tempting.  But it's sheer folly, for two distinct reasons.First, thi...
Tuesday, February 20, 2018

Italian elections update, by Alberto Mingardi
A government that doesn't do much is highly preferable than one that does harm. Italian elecions are fast approaching: they'll be held on March 4. I think there is so far an unnatural/uncanny sense of composure surrounding the ballot. I think many a...
Tuesday, February 20, 2018

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