Guest Blogger Announcement – Eric Crampton Take II

It is a pleasure to introduce Eric Crampton as our guest blogger this week at Pileus.  Eric is an economist at the University of Canterbury in Christchurch, New Zealand. He is currently working on projects relating to voter knowledge, electoral stock markets, alcohol regulatory policy and paternalism. He hails originally from Canada but earned his … Continue reading Guest Blogger Announcement – Eric Crampton Take II

Stockman isn’t Optimistic

David Stockman has an interesting piece in today’s New York Times (“State-Wrecked: The Corruption of Capitalism in America”). If the title doesn’t grab you, here is a paragraph from the last page of the article: These policies have brought America to an end-stage metastasis. The way out would be so radical it can’t happen. It … Continue reading Stockman isn’t Optimistic

Wise words on equality

From a recent short posting by Steve Smith of the USD Law School: Everyone favors equality: Everyone thinks that like cases should be treated alike. Nobody argues, “These groups are alike in all relevant respects, but they should be treated differently.” So when people disagree about legal or political issues, they aren’t arguing for and … Continue reading Wise words on equality

Income Inequality Doesn’t Matter

Roger Koppl argues this week at ThinkMarkets that “Income inequality matters.” He thinks it matters so much that he says it twice. He believes “Austrian,” pro-market, economic liberals should be speaking up more on this “central issue.” I think Koppl could not be more wrong. The issue deserves all the inattention we can muster for … Continue reading Income Inequality Doesn’t Matter

The “Lesser” Depression or a Return to Growth?

For some time, J. Bradford DeLong has been referring to the current economic episode as the “Lesser Depression.” He has now dropped the “Lesser.” His evidence from the bond market is worth reviewing (in particular, the yield on 30-year Treasuries). His conclusion: we may be looking at “a slack and depressed economy, if not for … Continue reading The “Lesser” Depression or a Return to Growth?