Eight years ago President Obama was asked about AIG bonuses. Q    – you received $100,000 from AIG during the campaign.  How do you feel about those contributions today?  Do you plan [ … ]

Paul Krugman presents “Robot Geometry” based on Ryan Avent‘s “Productivity Paradox”. It’s more-or-less the skill-biased technological change hypothesis, repackaged. Technology makes workers more productive, which reduces demand for workers, as their [ … ]

Wheel of Fortune contestant was spotted all these letters and still got it wrong

Paul Krugman presents “Robot Geometry” based on Ryan Avent‘s “Productivity Paradox”. It’s more-or-less the skill-biased technological change hypothesis, repackaged. Technology makes workers more productive, which reduces demand for workers, as their [ … ]

This post will be the last of three that explains the con man context to Uber. In the last few days the President resigned, Uber is unwinding, Rather than continue to [ … ]

Mythologies die hard. People don’t want to let them go. We need them. Mythologies have to be preserved by its adherents. If someone is willing to be shunned and ridiculed, [ … ]

I teach today, so this will be quick. Why am I opposed to raising interest rates? First, I should mention this is a debate which we’ve had before. When the [ … ]

With the US dollar already a bit overvalued, and the US stock market also looking richly valued by historical measures, I need something to invest in each month. Thus, I [ … ]

Can we agree that professional licensing requirements are meant to be exclusionary? Whatever opportunity there was, that door is being closed. Can we also agree that the government doesn’t create anything? [ … ]

More Bank Capital Could Kill the Economy write Tim Congdon and the usually sensible Steve Hanke in today’s Wall Street Journal. I was expecting a quantitative disagreement on plausible channels — [ … ]