Why Was Jim Crow The Law? Because Discrimination Is Costly, As...

An interesting little historical question is, well, why was Jim Crow the law? If all white Southerners were racists then it wouldn't be necessary...

Proof Perfect That People Don’t Actually Care About Inequality

Yes, OK, fair enough, this proof does depend upon us taking as true an assertion in an Observer editorial about economics. Not a limb...

Didn’t Rail Privatisation Do Well – The Network’s Bursting At The...

A common enough criticism of the privatisation of Britain's railways is that they're too crowded. That the system just has too many passengers. Which...

Marty Feldstein Worries That We’ll Not Be Able To Deal With...

It's entirely true that governments and central banks around the world don't have all that many tools left to try and deal with the...

Questions From NPR We Can Answer – No

As with such newspapers as The Guardian, National Public Radio is prone to confirming Betteridge's Law. Which, roughly enough, states that any headline with...

What To Do With Nuclear Reactors As Hurricane Florence Comes Ashore

A timely piece from The Conversation: Hurricane Florence may affect the operations of several of the 16 nuclear reactors located in the Carolinas and Virginia, raising concerns...

Memo For Kenan Malik – Welfare Is Not A Subsidy To...

Or at least, we've got to be very careful when claiming that welfare is a subsidy to employers. For it is not true that...

As Usual, World Economic Forum Gets Robots And AI Wrong Over...

The World Economic Forum is that gathering of the Great and the Good that takes place at Davos each year. One good explanation for...

Congrats To Renewable Energy – One Third Of US Households Struggle...

The US Energy Department has just released a report detailing how some one third of US households struggle to pay their energy bills. This...

The Observer Attempts To Disprove Keynesian Economics

Given the manner in which The Observer generally thinks that governments should manage the economy through fiscal policy - a rough and crude description...