Economia
Let us assume for this thought experiment; the OECD and FATF have their way on "unfair tax competition."
Does Government Spending Boost the Economy?
A recent article in Business Insider by Jim Edwards offers putative “Proof That Government Spending Cuts Hurt Economic Growth.” He even goes so far as to claim that “war is good (economically).” In this article, I’ll explain what’s wrong with this popular and age-old fallacy.
The Truth about Savings and Consumption
We regularly hear how important consumer spending is for the economy. The story goes like this: the more consumers spend, the more money circulates in the economy, which stimulates healthy job growth and profits. If people could be encouraged to go out and spend a little more of their paychecks, we’d all be better off. Remember the infamous “stimulus checks” back in 2008? Same idea.
Civilization Exists Because I'm Bad at Basketball
The beauty of the market economy is that we can all enjoy a variety of goods and services despite the fact that some people, like myself, are really lousy at many tasks.
The Problem of Production
Again and again we hear it said: "The problem of production has been solved." Look at the stocks of wheat and bales of cotton going begging! Consider the giant steel mills and factories with unused capacity that could be brought into production! Many view this unused wealth, the surpluses and potential productive power, as a breakdown in distribution.
In the Race for a Coronavirus Vaccine, We Must Go Big. Really, Really Big.
By Susan Athey, Michael Kremer, Christopher Snyder and Alex Tabarrok
The Covid-19 virus has killed over 200,000 people, overwhelmed health systems and confined billions of people in their homes. Large sections of the world economy have been locked down.
If Virus Tests Were Sodas
By Paul Romer
Imagine a world in which the only way to get a soda is to get your doctor to write a prescription. It costs $20 per can. Your insurance company pays. The economy produces about 100,000 sodas each day.
Human ingenuity is our greatest weapon against the coronavirus
By Gonzalo Schwarz
Because the coronavirus pandemic is an unprecedented black swan event, we’ve seen many mistakes and delayed responses that were more reactive than proactive. There will certainly be no shortage of lessons to be learned.
Price controls and anti-gouging laws make matters worse
By Steve Horwitz