Demand Is a Consequence of Production
A question to you of a chicken and egg sort. If you have a group of people in a flat empty world with nothing in their possession, how do you get them to have things? Would you: A) Give everyone pieces...
View ArticleKrugman Gets The Broken Window Wrong
Recently, Krugman wrote that if you think the iPhone 5 will boost the econonmy, then you believe in the Broken Window theory. The Broken Window Theory, more accurately described as the Broken Window...
View ArticlePonynomics: Economic Lessons from My Little Pony
There are a number of important economic concepts illuminated by the excellent My Little Pony: Friendship is Magic episode “The Super Speedy Cider Squeezy 6000” (season 2, episode 15). I want to talk...
View ArticleRepurposing Capital: Human Action
In an economic downturn, when massive business failures appear simultaneously, owners of the means of production need to find new uses for their discarded capital-intensive production processes, and...
View ArticleThe Faith of Human Action
Sometime back in the beginning of September, several of us decided to form a somewhat losely affiliated book club in order to read and discuss Human Action by Ludwig von Mises. Though some of us have...
View ArticleReasoned Out, Reasoned In
This weekend, Justin Stoddard brought up Arthur Koestler’s views on faith, in the context of Mises on human action. The discussion at first struck me as tangential to the main thrust of the first...
View ArticleSPOT ALL THE FALLACIES!1!!11
I was sent this video this morning and asked to comment on it. It was described as, “One guy with a marker just made the global warming debate completely obsolete,” on upworthy.com. The person making...
View ArticleSpot all the Fallacies, Part II
Yesterday, I critiqued a video that used Pascal’s Wager to implore us to take drastic action in order to fight the threat of global warming. It occurred to me that my critique might be a bit more...
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53 Hours With Kafka in St. Louis
UPDATE: I discussed this incident as a podcast guest, starting at 1:04:00. I spent the two worst nights of my life in the St. Louis City Justice Center. I did not experience nor witness any physical...
View ArticleA Robust Food Truck Culture Breeds Innovation
Alexandria City Councillor Justin Wilson (no, unfortunately not that Justin Wilson) invited me to provide testimony for a food truck regulatory hearing, so here’s what I sent to him: Although I live...
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