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More 32 Comments Related Post Legislators, Technology, and Michael Crichton By Kevin Corcoran | May 8 2024 Michael Crichton once highlighted an unusual quirk in human thinking – something he called Gell-Mann Amnesia, after his friend Murray Gell-Mann. Chrichton said: Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray’s case, physics. In mine, show business. You read .. MORE Featured Comment Something is strange about this story. The US has experienced high inflation relative to China and Japan, which would typically cause the dollar to depreciate against the Yuan and Yen. Yet the Yen has depreciated,.. Jonathan, May 8 Join the DiscussionMost Recent International Trade Tariffs Do Cause a Slight Temporary Increase in Inflation By David Henderson | May 13, 2024 | 19 Don Boudreaux writes: Unlike you who find Duncan Braid’s May 6th harangue against supporters of free trade devastating,” I find it to be tendentious. Braid writes triumphantly as if he’s caught us free traders in yet another of our Keystone Kops antics – specifically here, our effort to blame tariffs for inflation. Yet no competent .. MORE Technology Visions of the 21st century By Scott Sumner | May 12, 2024 | 8 Niels Bohr once said: It is difficult to make predictions, especially about the future.” I say: Prediction is not about the future, it’s about the present. Now that I’m fairly old, I can look back on a wide range of visions of the 21st century, many of which now seem obsolete. Here are just a .. MORE Books: Reviews and Suggested Readings My Reading Highlights for Week of May 12 By David Henderson | May 12, 2024 | 14 First, Happy Mothers’ Day. Trump Promised To ‘Drain the Swamp.’ He Did the Opposite. By John Stossel, Reason, May 8, 2024. Excerpt: In 2020, then-President Trump said he was succeeding: We’re draining the Washington swamp!” But it’s not true. He made government bigger,” Economist Ed Stringham says in my new video. ‘That’s going in the wrong direction. .. MORE International Trade Biden Is Really Trump 2.0, Not Surprisingly By Pierre Lemieux | May 11, 2024 | 19 According to press reports, the Biden administration is on the verge of announcing a quadrupling of the customs tariff (a tax on American importers) on EVs made in China. He may also announce other Trumpian tariffs (Biden to Quadruple Tariffs on Chinese EVs,” Wall Street Journal, May 10, 2024). That would not be surprising. In .. MORE Competition The DOJ-Apple Case: Harming Consumers v. Harming Competitors By Giorgio Castiglia | May 11, 2024 | 0 The DOJ’s antitrust lawsuit against Apple rounds out the set of cases against the big tech firms that have drawn so much ire from enforcers. These include the DOJ’s ongoing suits against Google, and the FTC’s cases against Amazon and Meta. While the Biden administration’s antitrust officials initially signaled that their targets for enforcement include .. MORE International Trade The Ukraine War: Who should sacrifice? By Scott Sumner | May 10, 2024 | 17 I recently came across three news stories that are worth thinking about. The first story discussed the US government’s role in encouraging gun exports, which often lead to violence in developing countries. Here’s Bloomberg: Last October, a recently fired police officer walked into his stepson’s nursery school in the remote northeast of Thailand and, in .. MORE View More Come read with us! 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Browse Articles CONTRIBUTORS Bloggers David Henderson , Alberto Mingardi , Scott Sumner , Pierre Lemieux , Kevin Corcoran , and guests write on topical economics of interest to them, illuminating subjects from politics and finance, to recent films and cultural observations, to history and literature. A B C D E F G H J K L M N O P Q R S T V W Browse our archive of posts by author last name Book Club Books: Reviews and Suggested Readings My Weekly Reading and Viewing for May 5, 2024 13 First, Happy Cinco de Mayo. Now to the content. Backpage: A Blueprint for Squelching Speech by Elizabeth Nolan Brown, Reason, April 29, 2024. Excerpt: From the beginning, this prosecution has been premised on a bogus rationale (authorities yammer on about sex trafficking though none of the defendants are charged with sex trafficking), overreaching in its scope (attempting .. MORE Books: Reviews and Suggested Readings A Window” into Modern Economics: The James M. Buchanan Archives 2 James M. Buchanan won the Nobel Prize in 1986. Shortly after that, the Buchanan House at George Mason University was constructed to serve as both an office and an archive of Professor Buchanan’s life work. There were also the Collected Works projects that were undertaken at the Buchanan House – first Professor Buchanan’s 20 volumes .. MORE Books: Reviews and Suggested Readings Legislators, Technology, and Michael Crichton 7 Michael Crichton once highlighted an unusual quirk in human thinking – something he called Gell-Mann Amnesia, after his friend Murray Gell-Mann. Chrichton said: Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray’s case, physics. In mine, show business. You read .. MORE Featured Topics Tariffs Do Cause a Slight Temporary Increase in Inflation Don Boudreaux writes: Unlike you who find Duncan Braid’s May 6th harangue against supporters of free trade devastating,” I find it to be tendentious. Braid writes triumphantly as if he’s... More My...