101 posts categorized "Unscientific Economics"

May 14, 2018

Let the Market for Domestic Workers Raise the Minimum Wage in the USA

Ever since at least the time of Queen Elisabeth the First, workers have objected to open immigration on the rational economic grounds that “foreign” workers drive down wages. Employers, on the other hand, have always been for open immigration for exactly the same reason. Employees want the protec More...

March 30, 2018

The Economist Is Right; It Would be a Mistake to Take His Advice

In a New York Times op ed Donald J. Boudreaux, who is is a professor of economics and a senior fellow at the Mercatus Center at George Mas More...

May 07, 2017

Why Government Subsidies Never Make Anything More Affordable

And why we can never get rid of them.

The chart from American Enterprise Institute could almost be this whole post. More...

January 24, 2017

“Risk free” Investing

TIPS May Be the Answer

Someone I know is coming into a moderate sum of money and asked me how he can invest it “risk free”. He was very clear that he isn’t looking for gain on the investment, just safety; so, although no investment can More...

January 17, 2017

Dodd-Frank and Me

The Magically Receding Bank Loan

Software companies usually don’t borrow money; I blogged long ago about the loan my old company couldn’t get to buy a switchboard. But in 2011 Mary and I More...

January 03, 2017

How the Fed and Dodd-Frank Killed Jobs

Every economist worth her or his salt has a theory about why the great recession was followed by a nearly jobless recovery. Historically, lots of jobs are created in a surge when the economy is recovering; didn’t happen this time; many people left the work force and never came back.

I’m n More...

March 29, 2011

Moore’s Law and the Economics of Abundance

Moore's Law explains why the price of everything electronic keeps going down; but now Moore's Law is starting to have an effect on much more than technology prices The costs of energy, medicine, law, education, financial transactions, and government itself are falling because of Moore' More...

February 23, 2011

Increase in DC Housing Prices a Negative Indicator

The Washington, DC area was one of only two US Metropolitan Statistical Areas (MSAs) in which housing prices increased year-over-year according to the latest release of the More...

February 18, 2011

Rebate Ripoff

The Chevy Volt is a great example of why government incentives are a terrible way to accomplish policy goals: much of the rebate money goes to paying people for what they were going to do anyway. Another share of the rebate goes to increased margins for whoever is selling the favored product.

More...

February 15, 2011

Nuclear Plants Shouldn’t Be Subsidized Either

Existing nukes are among the cheapest sources of electricity we have. They don't emit CO2 or anything else (other than water vapor) into the atmosphere. There is a solvable (see below) problem with nuclear waste.

So should new nuclear plants be built? The decision should be More...

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