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Estimated Reading Time: 4 minutes
All this talk of a $15 national minimum wage prompted me to revisit the standard textbook on economics of the US Progressive Era. Principles of Economics, by Frank W. Taussig (1917) is a pretty interesting book overall and it does hold up in general as an elucidation of then-existing knowledge and pedagogy. There is one section, however, where […]
Estimated Reading Time: 6 minutes
When lockdowns first happened, my initial thought was geeky, and only later did I begin to realize the implications for human rights and liberties. My thought was: this is going to be devastating for future capital investment. The basis of my fear was the knowledge that in almost all poor countries, property rights are insecure, […]
Estimated Reading Time: 7 minutes
Every political ideology has three elements: a vision of hell with an enemy that needs to be crushed, a vision of a more perfect world, and a plan for transitioning from one to the other. The means of transition usually involve the takeover and deployment of society’s most powerful tool: the state. For this reason, […]
Estimated Reading Time: 8 minutes
Shell-shocked is a good way to describe the mood in the U.S. for a good part of the Spring of 2020. Most of us never thought it could happen here. I certainly did not, even though I’ve been writing about pandemic lockdown plans for 15 years. I knew the plans were on the shelf, which […]