Highly Linkable - both the links you need and deserve

What should students learn asks Michael Huemer answering in 3 parts: 1, 2, & 3.

To help break down the basics of and various problems within Modern Monetary Theory (MMT), Scott Sumner offers this insightful explainer.

The $15 minimum wage is at apparent issue again (I hold out hope this folly is just gesture politics). John Cochrane elucidates why this is a big problem--namely, we are not all the same. A very fortunate fact that adds tremendous value to the world but that causes problems when an extremely blunt rule like a high minimum wage is instituted.

Social norms are vital to a well-functioning society. That is why the Jan 6, 2020 storming of the Capitol was so bad writes Michael Huemer



Bryan Caplan's advice on being happy.

Say what you will about the awfulness of 2020, it was a great year for science and technology.

The Resident Contrarian has a few very thought-provoking metaphors for us to consider. 

For all those who doubt that lockdown policies are indeed causing the deadly economic problems and poor recovery, I offer this from Alan Reynolds and this from Phil Magness among so much more including the simple question: if they were no having an effect, what would be the need for the lockdown restraints and policies?

The FDA kills people--yet another tragic, recent example is the COVID vaccine. We would be better off without the FDA. 

Do you want a way to waste money and feel good about doing it? Then donate to a university so argues Michael Huemer. And keep in mind, as Steve Landsburg succinctly shows here, it is impossible to give away from your own excess. All you can do is force others to make the donation.

Every movement no matter how noble or insidious in intention has its own untruths and tyrannical side. CRT is no exception as Arnold Kling writes.

Don Boudreaux has an excellent short series (a master class if you will) on the Twelve Principles of International Trade. It is in one, two, three, and four parts.

This Steve Landsburg post on distributing the COVID vaccine is an evergreen reminder that you must use the price system if you want to get an efficient outcome. And it shows that you very much do want an efficient outcome.

Unfortunately there will always be a reason to (re)educate people about the problems with communism. Hopefully, we will always have great communicators like Art Carden to provide that education.

Steve Horwitz recently was a guest on the podcast on Words & Numbers explaining the widely misunderstood and misrepresented gender pay gap. Here is part 1 and part 2.

A wonderful example of second-order thinking (the economic-way of thinking) can be found in the recent COVID vaccine situation as shown by Steve Landsburg. 


One thing we can thank the Trump presidency for is giving us a natural experiment and real-life example of the value of free trade. The tariffs introduced during his "easy-to-win trade war" clearly show negative effects in both the product targeted (washing machines) and the associated complementary product (dryers). 

I recommend this short piece on the economics and future of movies including streaming and big-theater cinema experiences.

Is voting a civic duty or an immoral waste of time? Michael Huemer argues it is usually a minor vice and certainly not a virtue.

Jason Brennan argues that the recent stunt by the restaurant Nando's to show the value of democracy through an "UnDemocratic Meal" is stupid because democracy simply changes the determination of who is deciding the meal for you. It is not a choice. As I like to say, democracy is not a tool for decision making. It is a method to have a check on power.

Robin Hanson has a unique take (shocking, I know) on incentives and reasons to reduce abortion and encourage fertility.

Regarding the pandemic, there is another way: the Great Barrington Declaration. See too the FAQ.

Two important and widely held views have been discredited (the 90s NASDAQ and 00s housing "bubbles") as explained by Scott Sumner.

Steven Landsburg is rightly appalled by the "Stupid Way" to test vaccines that so-called ethicists Embodiments of Evil are recommending and himself recommends a very good "Sneaky Smarter Way".

Robin Hanson believes we are over-preventing COVID

No matter how much its competitors and various vested interest may want it to be, Google is not a monopoly.

If Bryan Caplan created a school, it would look like this.
Time for US Unilateral Trade Liberalization.

Does Russ Roberts deserve what he has? Parts I, II, & III.