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Don't Trust Piketty or Krugman on Inequality Evidence

Don't Trust Piketty or Krugman on Inequality Evidence

At this point most people’s minds are surely made up, on the issue of whether Thomas Piketty is a wonderful scholar versus a con artist. But I still think it’s worth commenting on this debate, because the innocent onlooker would have no idea of what the actual inequality evidence says, from the ...

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Reads: 935

Government Plan Would Transform Israel Into The World’s First Cashless Society

Government Plan Would Transform Israel Into The World’s First Cashless Society

Will Israel be the first cashless society on the entire planet?  A committee chaired by Israeli Prime Minister Benjamin Netanyahu’s chief of staff has come up with a three phase plan to “all but do away with cash transactions in Israel”.  Individuals and businesses would still be ...

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Reads: 1134

The Robots Are Coming, And They Are Replacing Warehouse Workers And Fast Food Employees

The Robots Are Coming, And They Are Replacing Warehouse Workers And Fast Food Employees

There are already more than 101 million working age Americans that are not employed and 20 percent of the families in the entire country do not have a single member that has a job.  So what in the world are we going to do when robots start taking millions upon millions more of our jobs? Thanks ...

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Reads: 1022

How Central Banks Are Waging War on Your Savings

How Central Banks Are Waging War on Your Savings

Martin Wolf is the chief economics commentator at the influential Financial Times. He has received numerous honorary awards, positions, and degrees. My first knowledge of him came from a friend who had attended a lecture where Mr. Wolf mentioned that the best research on real estate economics was ...

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Reads: 1087

Cuomo’s Anti-Gun Law Blamed for Job Losses at N.Y. Gun Factory

When Remington Arms announced in February it was opening a gun manufacturing factory in Alabama, workers at the company’s oldest and largest plant in Ilion, N.Y., were told no jobs would leave New York.

Now, three months later, up to 150 jobs at the New York plant are in jeopardy as Remington has ...

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Reads: 1196

On the Nature of Employment

On the Nature of Employment

The study of economics depends on clear, logical thinking expressed in clear, logical terms free from euphemism or doublespeak. A sloppiness in language is responsible for more than one damaging popular misconception. For example, the implied analogy between a budget deficit and the so-called ...

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Reads: 1182

Red Tapeworm 2014: Reckoning the Dollar Cost of Federal Regulation

Reads: 1240

Red Tapeworm 2014: Tardy Bureaucrats Gone Wild

Red Tapeworm 2014: Tardy Bureaucrats Gone Wild

This is Part 2 of a series taking a walk through some sections of Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State (2014 Edition).
Disclosure of federal regulations’ burdens and costs, and accountability for excesses matter a lot. But not much of either exists, even in ...

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Reads: 1273

The Myth of Overpopulation

The Myth of Overpopulation

The world is overpopulated. The street are clogged, traffic is in a snarl, and people are living – both figuratively and literally – right on top of each other. There’s hardly enough room to swing a cat these days, right? Wrong.

The world is not overcrowded at all. There are vast swaths of ...

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Reads: 1502

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