Michael Munger
-
My Disagreement with John Tamny on SALT Deductions
In a recent essay, John Tamny, at RealClearMarkets got rather SALTy. Worth reading. John (whom I know and like, and have hosted to give a talk to my big undergrad […]
-
The Penny Problem Has a Third Option: Buy Them Back (With Interest)
Adam Smith recognized the importance of the “make or buy” decision. It is the maxim of every prudent master of a family, never to attempt to make at home what […]
-
Inside US Air Traffic Control: Conflicts of Interest and Absence of Oversight
Milton Friedman famously recognized that policy change only happens in crises: Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are […]
-
My $100 Tomato: Is Self-Sufficiency Overrated?
The main principle of trade policy is make or buy. “Economics” comes from the Greek word oikonomia, deriving from oikos, meaning “house” or “household,” and nomos, meaning “law” or “rule”. […]
-
Milei’s First Year: Liberty, Less Regulation, Low Inflation
There’s something happening here. What it is, ain’t exactly clear. Around the world, there is growing impatience with the orthodoxies and condescension of the progressive left. In the past two […]
-
Understanding Thomas Piketty’s Capital in the 21st Century
In the past decade, the theoretical and empirical arguments of French economist Thomas Piketty have attracted widespread attention.
-
ULTRAs: The Worst Idea You’ve Never Heard Of
“Instead of taking two percent (say) of the liquidated value of the wealth, the state would simply take ownership of the wealth, in place… In a relatively short time, the government literally takes substantial ownership of all successful private businesses.” ~Michael Munger
-
Stiglitz: When Good Minds Seek Fools’ Favor
“Stiglitz believes ‘education’ should be explicitly designed to attack property rights and to weaken the sense of American exceptionalism, the tradition of classical liberalism.” ~Michael Munger
-
Capitalism is a “DDoLL”
“One thousand people can be unimaginably more wealthy than eight people. Division of labor is the most important source of increasing returns to scale in the market system.” ~Michael Munger
-
Will Reducing Transaction Costs Be the End of Retail?
Will large, vertically integrated firms as we have known them disappear?
