After Scott Sumner surveyed, with aghast, the uselessness of the leather-bound backgammon sets and other luxury goods on the FT’s HowtoSpendit ... [Read More]
Piketty Overlooks the Circumstantial Nature of Economics
Despite the implausible economic theory underlying Capital in the Twenty-First Century (as addressed here, here, here, and here), Thomas Piketty ... [Read More]
Scott Sumner makes a noteworthy point about taxes
“You cannot put the burden of a tax on someone unless you cut into his or her consumption. If the Obama tax increases did not cause Gates and Buffett ... [Read More]
