Category Archives: Economics

Sunday Sermon: Bernie’s Free Lunch

And one for Hillary as well, though she seems less inclined to take it (unfortunately). This is a point I’ve made many times before–deficit spending per se is not inherently good or bad (boldface mine): Not only do we not … Continue reading

Posted in Economics, I For One Welcome Our Austerity Overlords | 1 Comment

The Science of Scarcity?

While they seem to have receded somewhat, a couple of years ago, there were quite a few arguments about the fundamentals of economics (especially macroeconomics) and how to teach them. As an outsider, one thing that struck me as odd … Continue reading

Posted in Economics | 12 Comments

Revisiting the Cost of a $15/Hour Minimum Wage

For new readers, the blog’s position on a minimum wage has always been to increase it dramatically: while we will deficit spend at the drop of a hat, we find no national interest in subsidizing the billions in profits that … Continue reading

Posted in Basic Human Decency, Economics | 2 Comments

This Isn’t The Way To Prevent Antibiotic Misuse

From a NY Times article about companies that are jacking up the prices of generic drugs: Doxycycline, an antibiotic, went from $20 a bottle in October 2013 to $1,849 by April 2014, according to the two lawmakers. Deoxycycline is a … Continue reading

Posted in Antibiotics, Bidness, Economics, Ethics, Public Health | 3 Comments

The Decline of Car Culture And The Automotive Singularity

I described recently why American ‘car culture’, long an American staple, is in decline: The Washington Post had an article about America’s fading car culture. Until the last paragraph of the article (which is usually ignored by most readers), the … Continue reading

Posted in Economics, Transportation | 2 Comments

The Technological Innovation of the Antebellum South: The Whipping Machine

I rarely recommend books on the blog, but a must-read is the The Half Has Never Been Told by Edward Baptist, which is an economics-oriented social history of American slavery. For me, the key observation in the book is the … Continue reading

Posted in Basic Human Decency, Economics | 1 Comment

Creditors and Greece

I’ve made this point before, but it might bear repeating in light of the referendum in Greece. One might think Germany, whose entire last century was shaped by debt it owed in a currency it did not control, would recognize … Continue reading

Posted in Economics, Fucking Morons | 1 Comment