Sunday, July 22, 2018

Lordy Be But Nick Hanauer Is Ignorant Of Economics, Isn’t He?

Nick Hanauer is, to my mind at least, clearly gearing up for a run at political office. I don't think merely being a Senator...

America’s Industrial Disaster – US Manufacturing Output At Record Levels

As we all know - because we're repeatedly told so by Lighthizer, Navarro and The Donald - American manufacturing is in a parlous state....

To Explain The Engels Pause – It Didn’t Happen In The...

It's a standard assumption that living standards declined at the birth of capitalism. This underpins much of the phantasms concerning the desirability of peasant...

Losing Your Religion Doesn’t Make You Rich – The Research Is...

According to science - or according to newspaper reports of the science which is not quite the same thing - a country which loses...

To Explain Declining Productivity Growth – Not Enough Companies Going Bust

The single most important determinant of future living standards is whatever increase there is in labour productivity. Quite how that rises is, well, it's...

Pakistan’s Chief Justice Almost Right – Charge For Water, Not For...

When something is in short supply at the current price then a reasonable idea is to raise the price for it. This will, even...

Indian Commerce Dept To Make Indians Poorer – 25% Duty On...

The Indian Commerce Department is recommending that all Indians be made poorer. Not quite what we hope our own governments will do to us...

If Only Polly Toynbee Had Read Her Adam Smith

That Polly Toynbee is remarkably uninformed concerning the world around her is an obvious truism. She's far more interested in the visions of sugar...

This Summer’s Crop Failures And The Necessity Of Food Imports

As we're all entirely aware there are those out there insisting that we as a nation should be self-sufficient in food production. There are...

Behold The Effects Of Trump’s Import Tariffs – 16% Price Increases...

The part of import tariffs that all too many fail to understand is that it is consumers being "protected" by them who actually pay...