Category: "Business, Money and Banking"

Some Metaphors Are Better Than Others: Deirdre McCloskey and the Capital Debates

Well, my previous piece on the work of Deirdre McCloskey generated some discussion. I just thought that perhaps I should lay out what I find problematic about her work. more »

Tax Reform: The Good, the Bad, and the Really Ugly, Part Five

“A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform”– Russell B. Long “Corporate tax reform is nice in theory but tough in practice.”– Andrew Ross Sorkin more »

Thinking Makes It So: The IMF Bailout of the UK in 1976 and the Rise of Monetarism

Monetarism began it’s rise to world prominence in the ever-conservative Bundesbank in 1974. But it would be the government of Margaret Thatcher in the UK, elected in 1979, that would truly launch monetarism in central banking. more »

When Marxists Deploy the Quantity Theory of Money and Other Economic Nonsense

It’s truly infuriating to watch left-wingers talk absolute nonsense when discussing the economy. I encounter it all too often. What you generally get is a hodge-podge of incoherent economic ideas — usually incorporating the worst aspects of right-wing doctrines like monetarism more »

Democratic Development Lowers the Cost of Credit

The positive relationship between democratic development and economic outcomes is well established. Using three decades of international data, this column identifies a new channel for this effect – the cost of credit to corporations. more »




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