Class in 21st Century America
A discussion of class in America in the 21st Century through analysis of differential financial behavior as incentivized by the tax code
Tagged: economics
BRICS Without Mortar
Despite its recent expansion, the BRICS ‘alliance’ is nothing more than vaporware. Claims of the death of the American-led world order have been greatly exaggerated.
Social Conservatives Understand Economics Poorly
I keep seeing this meme from social conservatives, and it is so wrong-headed it makes me grind my teeth. First, and probably the least negative impact, is that government has no constitutional authority to...
Taiwanese Sovereignty is American Security
Friendly control of Taiwan is a core national security interest for the United States, and not just because of its economic heft. The strategic implications of the former Formosa go back over a century.
What Has Joe Biden Done?
Not quite a year into the Biden Presidency, and pundits and commentators are trying to hang unliftable millstones around Joe Biden’s neck
OT Contributor Podcast: Jericho Hill on Inflations, Economics, and Politics Being Faker Than Wrestling
Economist and OT contributor Jericho Hill draws on working in pro wrestling to explain media manipulation, political narratives, and economic storylines on the latest episode of the Heard Tell podcast.
Workers Leaving Retail Jobs in Record Numbers
A twist on the “we can’t hire anyone” headlines: Some workers are not moving out of the job market, but up and out of retail jobs.
Economic Lesson V: Scarcity
Those who pretend scarcity doesn’t exist are playing you. Politicians utilize this one, but academics and journalists do it often as well.
O Inflation, Where Art Thou?
Queue panic, articles and televised pundits loudly banging the inflation worries drum. However, there are reasons to not worry (right now)
Study: Testing The Welfare Magnet Hypothesis
Do generous welfare programs attract immigrants? A study from Denmark.
Economics Lesson IV: The Pre-Order
Sometimes, economics is cold and hard, all moral objections notwithstanding.
Perverse Incentives
The key to successful government policy is through perverse incentive mitigation, usually through the Law of Unintended Consequences.
The Economics of Video Games, Part I: Exclusivity
Video games, much like action figures, are a fascinating example to look at for the application of economic concepts in the real world.
The Economics of Action Figures Part II: Contrived Scarcity
Scarcity ties into a couple topics that few really understand. The biggest of these is the Accounting 101 concept of assets, liabilities, and equities.
Spain Debates UBI-type Program Amid Covid-19
Facing “the worst economic crisis since the end of the Spanish Civil War in 1939,” the ruling socialist government is turning to UBI
The Economics of Action Figures Part I: Value
The action figure market is one of the best case studies in the economic concept of value. Value is inherently an individual and subjective beast.
Morning Ed: Economics
The virus gives us the opportunity to remake the economy. Some people are salivating at the prospect.
Sears, Trump, and the Age of Bull
I believe we are seeing Sears happening on a larger scale with the United States. So why have Lampert & Trump gotten away with their bad leadership?
I Predict 2021
The Coronavirus Pandemic will change the world in many ways. We just don’t know how it will change.
