"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy."
Ideas about how an economy works. Organized ideologies about economies go by names like Keynesianism, neoclassical economics, socialism, etc., etc.
There are opinions, and then there are empirical facts. Our opinions are formed by interpreting available empirical facts, but those opinions can easily deceive us if we are not careful. … Read More
Price controls on groceries are not the only incredibly bad idea concerning economics held by Kamala Harris. In addition, she is advocating a slew of new taxes, the worst of … Read More
President Biden is often angry these days. He must be increasingly desperate as his policies fail and his poll numbers sink. Nevertheless, no matter how low his approval ratings, Ex-President … Read More
From time-to-time, I compare the economies of all the countries on Earth for which there is data. This serves several purposes. The most important of these is that the comparison … Read More
The images above of a confused President Biden are emblematic of today’s progressive Democratic Party. It is a very confused party. Other authors have noted that its primary ideology, Critical … Read More
The institutions and traditions of Western civilization are almost entirely the products of the Age of Enlightenment (AKA the Enlightenment, the Modern Age, or the Age of Reason). For the … Read More
Many people, especially progressive Democrats, confuse crony capitalism with free-market capitalism. This confusion is part of the religious faith of the woke. Capitalist corporate officers are viewed as among the … Read More
Ever since the Great Depression of the 1930s, Democrats have been disparaging government support for the supply side of the economy. The supply side is that part of the economy … Read More
After almost two years of controlling the executive branch and both houses of Congress, the Democrats’ have broken American society. Through their war on fossil fuels, their culture wars, their … Read More
Definition of Gaslighting: The manipulation of someone by psychological means into questioning their own sanity. For an extended period of time, the Democratic Party has been gaslighting the American people. … Read More
As has been widely noted, the Inflation Reduction Act of 2022 has nothing to do with inflation. At least, not directly. However, this act’s nonlinear effects on the economy will … Read More
An ordinary citizen can hardly be blamed if he or she is confused about what is causing inflation. Democrats have pointed to many other villains other than themselves for the … Read More
To the astonishment of many, not only have Democrats adopted policies that have alienated much of the U.S. electorate, but they keep doubling down on their destructive policies. Not only … Read More
We need to look around our world periodically to see what works for societies, and what does not. I started to do this, using statistics from a variety of sources, … Read More
For a variety of reasons, the rapid meltdown of the U.S. economy we are now experiencing will likely be far worse than anything experienced in living memory. The closest example … Read More
Recently, a reader of this blog started a series of rather curious comments. At least they seem somewhat strange to me. Since they seem emblematic of many political conversations going … Read More
American progressives are afflicted by a number of biases, which cause them to devalue the classical laws of economics. Nevertheless, whether they believe in those laws or not, those laws … Read More
Recently, I suggested that the members of the Biden Administration needed to take a remedial course in basic economics. Fundamental to the understanding of that subject are the four classical … Read More
President Joe Biden has become a major liability for the Democratic Party. Or rather, since it seems probable that Biden is merely a manipulated puppet, perhaps other members of his … Read More
Over the last year, President Biden’s administration has repeatedly demonstrated a profound ignorance of basic economics. This ignorance shows their great need for an undergraduate college course in economics. Since … Read More
At a time when Russia is conquering Ukraine, and threatening the Baltic states (Lithuania, Latvia, and Estonia) and Poland), despair for our own security is all too easy. This is … Read More
Over the past year, I have repeatedly bashed progressive Democrats and Biden’s administration. Since progressive Democrats are now in power, this focus has been quite natural. However, widely available evidence … Read More
I have not updated the leading and coincident economic indicators I have been following for approximately seven months. They have now been updated up to October-November 2021. Having waited that … Read More
Is the world becoming a less free place for human beings? Just how much human freedom can we find in each of the world’s countries? I suspect many people would … Read More
One of the greatest priorities for American progressives is the so-called “Green New Deal.” In case you are one of the very few who has not heard of it, the … Read More
You would not believe it from the top-line poll results about Biden’s job approval. Nevertheless, his support among the American people is rapidly eroding. Normally at this time in a … Read More
I have just updated the leading and coincident economic indicators I am following, the first update I have done in a year. The last year has been extremely crazy economically. Every time I thought about … Read More
Progressives never tire of promoting the Iron Law of Wages. First promulgated by Thomas Malthus and David Ricardo in the early 19th century, the Iron Law is touted by the … Read More
I have often written about Friedrich Hayek’s Road to Serfdom as the most likely route America might travel to tyranny. Yet, there is another mechanism, the killing of a democracy … Read More
For the past four years, progressive Democrats have been accusing President Trump and the Republicans of being fascists and racists. Yet, both by their behavior and in how they want … Read More
