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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 chickens come home to roost, by Scott Sumner
I don't know anything about roosting chickens, but I do know a bit about trade theory. Over the past 200 years, debates about trade have occurred on two levels. Academics insist that unilateral free trade is the best options. However the "very seriou...
Sunday, July 15, 2018

Solzhenitsyn True and False, Part II, by David Henderson
For Part I, see here. AS says: The press too, of course, enjoys the widest freedom. (I shall be using the word press to include all media.) But what sort of use does it make of this freedom? Here again, the main concern is to avoi...
Sunday, July 15, 2018

Solzhenitsyn True and False, Part I, by David Henderson
At a Liberty Fund conference late last year, a new friend recommended that I read Alexandr Solzhenitsyn's 1978 commencement address at Harvard. It was in large part his critique of Western, and especially U.S., society. I had read it decades earlier ...
Saturday, July 14, 2018

FOMC's Staff Is Wrong or Sloppy, by Pierre Lemieux
The great Don Boudreaux of George Mason University drew my attention to the Minutes of the Fed's Federal Open Market Committee of June 12-13, in which the "Staff Review of the Economic Situation" contains the following lines (on page 4): Net exports ...
Friday, July 13, 2018

Michael Clemens and Kate Gough: Or Means Or, by David Henderson
Congress created the H-2A as a visa for temporary farmworkers: people who do not intend to settle in the United States and eventually become permanent residents. The executive branch has interpreted that to mean seasonal farmworkers. So the H-2A prog...
Friday, July 13, 2018

Does immigration help the Dems?, by Scott Sumner
In a previous post I argued that the answer is no: I don't believe that immigration will make America more diverse, nor do I think it will make the electorate vote more Democratic.  That's because immigration from Asia and Latin America has made earl...
Thursday, July 12, 2018

No Paper Is That Good, by Bryan Caplan
Last year, Noah Smith proposed his Two Paper Rule: If you want me to read the vast literature, cite me two papers that are exemplars and paragons of that literature. Foundational papers, key recent innovations - whatever you like (but no review paper...
Thursday, July 12, 2018

The Problems with Epp and Borghetto, by David Henderson
Over at Marginal Revolution, Tyler Cowen cites an abstract of a recent paper by Derek A. Epp and Enrico Borghetto: This article investigates the effects of economic inequality on legislative agendas. It considers two competing hypotheses: (1) that po...
Thursday, July 12, 2018

Do People Want Liberty?, by Pierre Lemieux
That most people desire individual liberty was an hypothesis on which the rise of liberalism in the 18th century was predicated. But here is a question: Is that hypothesis true? "What people really care about is who gets to tell them what to do," wri...
Wednesday, July 11, 2018

Decentralization: Please Hold Your Applause, by Bryan Caplan
Recently, some of my friends singled out this piece by Jeff Deist, president of the Mises Institute, as truly awful.  When I actually read it, however, it seemed like a reasonable presentation of a plausible view.  Deist: [L]ibertarians are busy pro...
Wednesday, July 11, 2018

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