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Olduvai III: Catacylsm
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Why Central Planning by Medical Experts Will Lead to Disaster

Why Central Planning by Medical Experts Will Lead to Disaster A great deal of the coverage of the COVID-19 crisis has been apocalyptic. That is partly because “if it bleeds, it leads.” But it is also because some of the medical experts with media megaphones have put forward potentially catastrophic scenarios and drastic plans to […]

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Markets Rely on Accurate and Honest Information — But Governments Want the Opposite

Markets Rely on Accurate and Honest Information — But Governments Want the Opposite Have you ever worked with people you couldn’t trust to tell you the truth? It isn’t pretty. Without the ability to rely on what you’ve been told (or that you’ve been told everything relevant), effective cooperation at almost every margin of choice […]

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Economics Is Not Rocket Science — It’s Even More Complicated

Economics Is Not Rocket Science — It’s Even More Complicated Over the years, I have heard multiple different things described as “not rocket science.” The implication was always that rocket science was just about the hardest thing to do, making virtually everything else easy by comparison. As an economics professor over many of those years, […]

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Misleading with Numbers: It’s Worse When the Government Does It

Misleading with Numbers: It’s Worse When the Government Does It Major international comparisons have long concluded that Americans’ ability to effectively utilize mathematics is inadequate. Such conclusions divide students, parents, teachers and administrators into camps that share little more than blaming others for the problems. However, it is unclear whether all the finger-pointing indicates a […]

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Why Special Interests Sacrifice the Future for Short-Term Gain

Why Special Interests Sacrifice the Future for Short-Term Gain The special interests that dominate politics dominates to produce a form of economic warfare. The more some can manipulate the political machinery, the more they can feather their own nests. They even use similar propaganda techniques. In wartime, we are always defined as the good guys, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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