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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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Free Trade Agreements v Unilateral Free Trade, by Contributing Guest
by Pierre Lemieux In order to be useful...a free trade agreement must further free trade more than it restricts it through international standards and regulatory harmonization. The current renegotiation of the North American Free Trade Agreement ...
Friday, December 15, 2017

Rogoff's Alternative to the Wall, by David Henderson
Cash also plays a role in the illegal immigration problem that bedevils countries like the United States. It is incredible that some politicians talk seriously about building huge border fences, yet no one seems to realize that a far more humane and ...
Thursday, December 14, 2017

Doherty on libertarians and Bitcoin, by Alberto Mingardi
I think it was Baron Nathan Rothschild who used to answer the question "how did you get rich?" with "I always sell too soon". That may not apply to Bitcoin early adopters, who are the subject of a fascinating piece by Brian Doherty. Doherty has long ...
Thursday, December 14, 2017

Tyler Cowen and the Four Blind Men, by Scott Sumner
Tyler Cowen has an excellent new video out that looks at four schools of thought in business cycle theory, with application to the Great Recession. I agree with most of the specifics in the video, but differ in how to interpret the bigger picture. ...
Wednesday, December 13, 2017

The Truth Hurts: Public Choice and Liberty, by Bryan Caplan
Reagan was worried that Americans were losing their love of liberty.  Here's my depressing talk arguing that Americans love liberty as a vague platitude, but are deeply statist on almost all particulars.I am only a messenger. (0 COMMENTS)...
Wednesday, December 13, 2017

Eugene Volokh on Everything, by David Henderson
Nick Gillespie has a good interview with Eugene Volokh of the famed law blog The Volokh Conspiracy. Among the most interesting highlights are his discussion of the cake baker and anti-discrimination laws. Volokh makes the important distinction betwe...
Wednesday, December 13, 2017

Is Hiring Jews Evidence of anti-Semitism?, by David Henderson
At first glance, the title of this post seems strange. How could hiring Jews be evidence of anti-Semitism? And yet that is where we are. I got a late start this morning and made the mistake, while on my exercise bike, of turning on Megyn Kelly's new ...
Tuesday, December 12, 2017

The Will of the People Meets the Man in the Moon, by Contributing Guest
by Pierre Lemieux The basic reason why there is no such thing as "the will of the people" is that there is no people to have a will. I don't know enough about the Middle East and foreign policy to take a position on the propriety of moving the U...
Tuesday, December 12, 2017

The sad paradox of free markets, by Alberto Mingardi
In a really interesting post on on zoning and congestion pricing, John Cochrane nails it: The sad paradox of free markets is that free markets do not need people to understand them to work. But democracy does require voters to understand how things w...
Monday, December 11, 2017

Is Support for Freedom of Association Fanatical?, by David Henderson
In an article in which he makes a number of good points, on net defending a baker's decision not to bake a cake for a celebration that the baker objects to on religious grounds, Andrew Sullivan writes: And it is a hard case constitutionally. It pits ...
Monday, December 11, 2017

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