Happy Presidents Day Bryan Caplan By Bryan Caplan, Feb 16 2015 SHARE POST: My former student Daniel Lin, professor at American University, is easily the funniest economist I know. If you’re not following him on Twitter, you should be. The latest example of his hilarious insightfulness: In honor of Presidents Day, I’m going to start the day hopeful and optimistic, then end it disillusioned and funding a war. — Daniel Lin (@DLin71) February 16, 2015
Feb 16 2015 Behavioral Economics Always Keep Your Eye on Production: A Wartime Prio... Bryan Caplan When they're in major wars, governments often seem to suddenly discover my "Always keep your eye on production" principle. Case in point: During the New Deal, Team Roosevelt eagerly pushed militant unionization, using now-standard arguments about the hidden economic benefits. Like: "Unions boost demand by p... 14 Read More
Feb 16 2015 Cost-benefit Analysis Always Keep Your Eye on Production Bryan Caplan As a child, I was a bad baseball player because my mind wandered. Adults and teammates tried to improve my performance with a classic adage: "Always keep your eye on the ball." I didn't change, but their advice was excellent nonetheless.Laymen often criticize economics for its arcane complexity. When ... 19 Read More
Feb 16 2015 Economic History Happy Presidents Day Bryan Caplan My former student Daniel Lin, professor at American University, is easily the funniest economist I know. If you're not following him on Twitter, you should be. The latest example of his hilarious insightfulness: In honor of Presidents Day, I'm going to start the day hopeful and optimistic, then end it... 1 Read More