Why Artificial Intelligence Will Lead to Job Growth

And why job loss from AI is still a problem.

I haven’t blogged for the last three weeks because I’ve been busy programming. My last post was about how m More...

I’m From the Government and I’m Here to Help Them

There’s no such thing as a free bailout.

Disclosure: I would probably have lost money indirectly if the Fed had not bailed out uninsured depositors at Silicon Valley Bank (SVB). Nevertheless, I don’t think there should have been a bail More...

Peak People

by a past peak person.

Peak oil, they said, was coming. Instead fracking was invented and oil has become more abundant. Peak food, Malthus instructed us in 1798, would shortly lead to global starvation and other catastrophes. World pop More...

Building Market Rate Housing is the Path to More Affordable Housing

Moving chains study shows why.

We have a dilemma: government can’t afford to build or even subsidize all the affordable housing which is needed. Here in Vermont as in many other places both low-income and middle-income families are bei More...

Where Does the Untargeted Stimulus Relief Money Go?

Hint: Bitcoin is up 1350% since last March

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Celebrate Labor Day and Essential Workers by Substantially Raising Minimum Wage

The pandemic has shown the flaws in my orthodox conservative economic view.

Fallacy #1. Wages will find their “right” level in a free market

There is an essential asymmetry in the fact that most employers have More...

Don’t Bail Out the Oil Industry (or the Banks)

Economic justice and capitalist principles agree.

We need relief for the people who are laid off or can’t work because the schools are closed and their children More...

Amazon Wants Congress to Suppress Competition

Retail Giant Trying to Prevent Workers It Doesn’t Hire From Getting a Job

It’s great news that Amazon wants to raise its own minimum wage to $15/hour. Shows the economy is growing and workers are more in demand. Companies which compe More...

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...

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...