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Friday, March 30, 2018

Guns, Phones and Property Rights

In the wake of the terrible school shooting in Florida, a new wave of demands have risen to restrict Second Amendment rights. Among the most absurd demands are the idea to raise the legal age for buying a firearm to 21, and the notion of a blanket ban on gun ownership.

Friday, March 23, 2018

In Defense of Keynesian Economics, Part 2

As a continuation of the discussion in the first installment of this series, I am republishing my recent paper on Keynesian price theory. This is a conference paper, presented at the Research Association for Interdisciplinary Studies conference in Washington, DC in October 2017. The paper is an abbreviated version of a longer paper:

Friday, March 9, 2018

Socialism Can Never Be Democratic

There are many of us here in America who have moved away from socialism in its various forms. I spent the first 37 years of my life trying to build a meaningful life in two of the most socialist countries in non-Soviet Europe: Sweden and Denmark. Even with a Ph.D. and the prospect of lifelong tenure as a faculty member at a state-run university, all I could see was a life dependent on a slowly shrinking government dole. 

Friday, March 2, 2018

In Defense of Keynesian Economics, Part 1

One of the most popular pastimes among libertarians is to bash Keynes and Keynesian economics. This is deeply unfortunate, because libertarians - like myself - have a lot to learn from Keynes. 

In fact, Keynesian economics, correctly understood, is a superior foundation for fiscal and monetary policy. To get there, though, we have to address some mistakes that are all too often made by critics of Keynes, especially on the political right.

The most recent example - among many - is provided by Ivan Jankovic, contributing writer with the American Institute for Economic Research (for which I too did a stint as contributing writer, full disclosure).