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In my research for my series on “China’s Fragile Economy,” I came across two blockbuster statements from the very top of China’s ruling structure: Premier Wen Jiabao and He Keng, vice chairman of the Financial and Economic Committee of the National People’s Congress. Both were to the effect that they feared a [...] If you don’t watch John Stossel’s program on Fox Business Network, you should. It airs on Thursdays at 8:00 P.M. They re-broadcast several times through Sunday. Fox Business Network isn’t the same as the Fox News Network channel so you have to look for it. Check your local TV listing for the channel. Each week he [...]
Here is the complete conversation I, the not-famous Econophile, had with the famous Martin Wolf, much lauded and awarded dean of economics writers and chief economics correspondent for the Financial Times. This is our second exchange and I have to admit I enjoy them. He drives me nuts, but I very much respect [...] This is fabulous. You will love this rap video as J.M. Keynes duels in rap with F.A. Hayek. It was put together by Russ Roberts at George Mason University. Very clever and very much an “inside” joke among economists. This has been a phenomenal year for the economy. There have been major, fundamental changes that will affect our lives for many years to come. I don’t see these changes as a good thing for the short or long term. These changes are generational in that they don’t occur often and they will radically impact the [...] By Jeff Harding. This video was sent to me by Dan Mitchell at Cato. Dan presents an excellent summary of why government spending is harmful to the economy and prosperity. Whether or not it results in deficits, the greater the spending by government as a percentage of GDP, the greater is the negative impact on the economy. One [...] By Jeff Harding. Paul Samuelson died yesterday at the age of 94 as I am sure you have heard. He was very successful in his field, having won a Nobel in economics and his economics textbook, Economics: An Introductory Analysis, sold over 4 million copies. I used his textbook in Econ 101. His contribution to economics was [...] By Jeff Harding. This little movie, The Incredible Bread Machine, came out in 1975 to explain the difference between market forces and government forces in the economy. It was screened to small libertarian groups, and I believe it made it to TV as well. I think you will enjoy the movie, actually a movie within a movie. This is [...] By Jeff Harding. I have all this vitriol stored up from not being able to publish for two weeks and it needs to be spewed. I just read Foreign Policy magazine’s “The FP Top 100 Global Thinkers,” and it is worthy of my bile. Of all the crap I have to read every day to get [...] By Jeff Harding. In order to understand the present state of the U.S. economy you have to understand that there are two things happening at once. For the most part they are in conflict with each other, in that one track can negatively impact the other. Lest I be accused of putting out conflicting information, there is evidence that [...] By Jeff Harding. As readers of this blog know, I am a big fan of Nassim Nicholas Taleb, author of Black Swan and Fooled By Randomness. He is an independent thinker and he has enlightened us on some basic epistemological issues about investment risk. He seems to embrace the Hayekian-Misean concepts of the fallacies [...] |
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