Spoiled children stink at birthday parties. Tantrums follow such egregious offenses as having to wait in line (as opposed to waiting one’s turn) or not getting the red popsicle (be happy you got one at all). Spoiled children cannot handle that the world does not bend to their desires. And while they are not the…
Category: Economic Policy
Conservative Coping Strategy in the Trump Era: Taking Refuge in Theory
Jeff Jacoby’s recent Boston Globe column [“Price gouging’ during natural disasters isn’t a problem — it’s a solution”] neatly illustrates the dilemma of conservative political commentators in the Trump Era. Jacoby’s endorsement of price gouging is a freshman Econ 101 essay that relies entirely on classical economic theory. It contains absolutely no empirical evidence whatsoever,…
The Experts and Question One
Economists and healthcare policy experts have weighed in on both sides of the debate over Question One. There are clearly compelling expert arguments on both sides. My analysis on this question to date (which can be reviewed here, here, here, and here) has been about how average voters ought to consider this and every other…
Question #1: Voters Shouldn’t Be Confused!
In my essay about how voters “should” decide on Question One I recommended that voters use the same basic methodology that their elected representatives use to decide how they will vote on issues because it is both an effective and efficient method that is far superior to unrealistic attempts to make “objective” or “non-partisan” judgments…
Tariffs as Economic Policy: Lessons from Latin America
President Trump loves tariffs. “They are the greatest!” he tweeted recently. The sentiment would be familiar to most Latin American leaders from the middle of the 20th century. At the time, Latin America was engaged in a massive attempt to develop local industries, so following the ideas of the Argentinian economist Raúl Prebisch, the region…