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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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Poke out one of my eyes, by Scott Sumner
The news is becoming increasing surreal. This morning I saw the following story in the Financial Times: The euro sank by about 0.5 per cent against the dollar, reaching a low of just under $1.12, while European equities rose - Germany's Dax index was...
Tuesday, June 18, 2019

Martial Negligence in Game of Thrones and Beyond, by Bryan Caplan
I've previously argued that George R.R. Martin's Song of Ice and Fire is implicitly a great pacifist work.   While rewatching season 2 with my younger son, I re-discovered a scene worthy of a pacifist ovation.  While Talisa, the crucial pacifist char...
Tuesday, June 18, 2019

A Mistake in the Wall Street Journal Crossword Puzzle, by David Henderson
In the June 3, 2019 Wall Street Journal crossword, edited by Mike Shenk, the clue for 13 Down is "SFO screeners." The answer is TSA. The answer is wrong. Why? (2 COMMENTS)...
Monday, June 17, 2019

Freedom to travel, by Scott Sumner
I'm always a bit skeptical when I hear talk about a recent trend toward "deregulation". There is no doubt that regulations in a few areas have been relaxed, particularly environmental rules (such as burning coal). Banks are again being allowed to tak...
Monday, June 17, 2019

The Spectator and the Market Miracle, by Sarah Skwire
Long before Adam Smith wrote Theory of Moral Sentiments or Wealth of Nations, Joseph Addison and Richard Steele began their own project to portray and educate the rising merchant classes of 18th century London. Their project—a daily paper called The...
Monday, June 17, 2019

Ariely Misses an Obvious Economic Explanation, by David Henderson
Psychologist Dan Ariely, who writes an "Ask Ariely" column in the weekend Wall Street Journal, leads in last weekend's column with a psychological explanation of a phenomenon that often arises in auctions. In doing so, he fails to consider an obviou...
Monday, June 17, 2019

The Poverty of Protectionism and the Impact of Tariffs, by Pierre Lemieux
The arguments for liberty are richer and belong to a deeper and more credible tradition than the authoritarians' arguments. Nowhere perhaps is this more obvious than in the area of international trade. We can speak of the poverty of protectionism—eve...
Monday, June 17, 2019

AOC and Ted Cruz Come Around to My Way of Thinking, by David Henderson
Recently, Democratic Representative Alexandria Ocasio Cortez and Senator Ted Cruz have advocated what I have long advocated: allowing women to have the freedom to buy contraceptives over the counter. Here's AOC: Psst! Birth control should be over-...
Sunday, June 16, 2019

What is the optimal NGDP growth rate?, by Scott Sumner
I often get commenters asking my opinion on the optimal NGDP growth rate. This is a difficult question, which can be addressed from a number of perspectives. Josh Hendrickson has a new policy brief at Mercatus, which advocates the "Friedman rule" for...
Sunday, June 16, 2019

Who will the free-marketers befriend?, by Alberto Mingardi
In a short piece for (pages 24-25, printed version), I try to ask a question that has been with me since reading Steve Davies's articulate Facebook posts on political realignment. Steve has been writing for quite a while that economic iss...
Sunday, June 16, 2019

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