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Early in her political career, Alexandria Ocasio-Cortez made a particularly noteworthy comment. During an interview with CNN’s Anderson Cooper, she was questioned about a claim she made about Pentagon spending that was rated “Four Pinocchios” by the fact-checkers at the Washington post. While she acknowledge her error, she also has this to say: If people .. MORE
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International Trade
Back in early 2022, there was a great deal of optimism that sanctions against Russia would cripple its economy. Those predictions have not come true. A recent article in The Economist shows why: Prior to 2022, Kazakhstan sold relatively little electrical machinery to Russia. After the Ukraine invasion, Kazakh exports soared more than 7-fold. How .. MORE
Free Markets
That nationalism is a kind of collectivism or modern-tribalism is illustrated by a current phenomenon: foreigners seem so disliked that, in some people’s views, “we” should neither import from, nor export to, “them.” On the import side, foreigners—foreign producers or their governments or the latter’s taxpayers—are disliked because they produce goods at such a low .. MORE
International Macroeconomics
In my recent book entitled Alternative Approaches to Monetary Policy, I described two different low interest rate monetary policies, one expansionary and contractionary: Because of the interest parity condition, we know that these are both low interest rate policies. International investors will accept a lower interest rates in safe assets located in countries where the .. MORE
Central Planning
Deregulation Can Fix the Housing Crunch by J.D. Tuccille, Reason, September 23, 2024. Excerpt: Building regulations reflect a wide range of government interventions, including zoning restrictions, land use regulations, energy efficiency codes, safety codes, and more. The intent behind such rules often started with public health, then expanded to encompass energy efficiency, home values, and even .. MORE
Economic Methods
Over at National Review, Jim Geraghty has a series of articles suggesting that the Covid virus escaped from a research lab in Wuhan, China. Today, he has a story with the following headline: Guess Where the Possibly Nuclear-Fuel-Leaking Sunken Chinese Submarine Is? I didn’t have much trouble guessing—it was Wuhan. What did surprise me is .. MORE
Energy, Environment, Resources
I don’t think so. Governor Newsom has called a special session of the legislature to consider his plan centered around a minimum inventory requirement on gasoline sellers. The idea is that when a spike occurs in California due to low supply, some state official or organization would allow – or require – release of .. MORE
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Browse our archive of posts by author last nameBooks: Reviews and Suggested Readings
The Economic Consequences of the French Wealth Tax by Eric Pichet, La Revue de Droit Fiscal, Vol. 14, p. 5, April 2007 Abstract: Despite attempts to ‘unwind’ the Impôt de Solidarité sur la Fortune (‘Solidarity Wealth Tax,’ the French wealth tax) during the last legislature (2002-2007), ISF yields had soared by 2006, jumping from €2.5 .. MORE
Books: Reviews and Suggested Readings
[Editor’s note: This is part 3 of a three-part series. You can read part 1 here, and part 2 here.] Good institutions can be hard to come by, however, especially in The Mummy and The Mummy Returns. Institutions are at various stages of development in the story, from the ad hoc criminal justice system, the .. MORE
Books: Reviews and Suggested Readings
Another nugget from Jonathan Lipow’s book Public Policy for Progressives. I’ve posted three times now on Lipow’s book (here, here, and here). One thing I like a lot about Jonathan is that although he’s a progressive, he’s also an economist. And he doesn’t leave his economics at the policy door. Here’s an interesting insight about .. MORE
Frontispiece, Anna Karenina, by Leo Tolstoy. This article was inspired by a recent Virtual Reading Group on Leo Tolstoy’s Anna Karenina, led by Richard Gunderman. Learn more about our Virtual Reading Groups at the Online Library of Liberty. To what field of study would a thoughtful person look to find more joy in life? For .. MORE
With the rise of Third Wave Antiracism we are witnessing the birth of a new religion, just as Romans witnessed the birth of Christianity. The way to get past seeing the Elect as merely “crazy” is to understand that they are a religion. To see them this way is not to wallow in derision, but .. MORE
A Liberty Classic Book Review of Envy: A Theory of Social Behaviour by Helmut Schoeck.1 I’ve been such a fool, Vassili. Man will always be man. There is no new man. We tried so hard to create a society that is equal, where there’d be nothing to envy your neighbor. But there’s always something to .. MORE
A Liberty Classic Book Review of Economic Sophisms, by Frédéric Bastiat.1 “The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended.” —Frédéric Bastiat, Economic Sophisms (1845). No one defends the cause of free trade against protectionism, individual freedom over central planning, and opportunity contra .. MORE
I'm not sure what you are saying in the aside. India buying cheap Russian oil has been reported for years in Economist, MSNBC, Fox, CNN, WSJ, ABC. Some simple Google searches (e.g. India Russia oil..
JoeF, September 26