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02/25/2018

Books

Freeman Essay #87: A Review of Johan Norberg’s ‘In Defense of Global Capitalism’

Tweet In the March 2003 Freeman I reviewed a book that I still regard to be one of past quarter-century’s best defenses of free trade and globalization, Johan Norberg’s In Defense of Global Capitalism.  My review is below the fold. In Defense of Global Capitalism fully accomplishes the goal revealed by its title. Here, Swedish

My Conversation with Matt Levine

Here is the transcript and audio, Matt was in great form.  We covered Uber, derivatives, crypto, Horace, Latin and the ancient world, neighborhoods of New York City, whether markets are volatile enough, Buffy the Vampire Slayer, whether IPOs are mispriced, Nabokov and modernist literature, Achilles and Homer, and of course the Matt Levine production function […]
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When fiscal policy might make matters worse

From the new 4th edition of Cowen and Tabarrok, Modern Principles of Economics: Increased spending and tax cuts have to be paid for. Thus, increased spending and tax cuts today will tend to be followed by decreased spending or tax increases tomorrow. When tomorrow comes and spending is reduced and taxes rise, aggregate demand will […]
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Bias in Advertising vs Subscription Driven Media

The excellent Andrew Potter at In Due Course writes: When I was a student journalist, it was axiomatic that advertising was the biggest threat to independent media. Putting your livelihood in the hands of capitalists meant, ipso facto, doing their bidding. Experience is a great teacher though, and when I started working as an editor […]
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