The New York Times said “The current opioid epidemic is the deadliest drug crisis in American history.” Last August, Donald Trump declared, “The opioid crisis is an emergency, and I’m saying officially right now it is an emergency… It’s a national emergency.…
Blog Archives
Racial and gender politics influence Fed governance
The Center for Popular Democracy’s “Fed Up” campaign inspired a letter from Elizabeth Warren and 11 senators and 111 members of the House of Representatives to increase diversity at the Fed. They complain that: Currently, 92 percent of regional Bank presidents are white,…
Posted in Discrimination, Macro
The danger of the linear-thinking fallacy and the diminishing marginal utility of alcohol consumption
Unlike most elites, Charles Wheelan freely admits that he was “born on third base.” Although he probably inherited less than celebrities like Donald Trump or Bill Gates, Wheelan was born into a stable family that could afford to send him…
Posted in Labor, Public Finance
Noblesse Oblige
Spider-man has often spoken the moral principle that power brings responsibility. Clint Hamada CC BY NC This moral principle is rarely taught in moral philosophy, but it is an important idea that was the basis for the principle of noblesse…
Posted in Discrimination
Why are liberal-arts degrees valuable in the marketplace?
The governor of Florida, Rick Scott, declared that he wants to eliminate the liberal arts majors at state universities and community colleges because he does not think that they produce job skills. However, liberal arts majors (humanities, social sciences, science, and…
Posted in Labor
Alcohol deaths are rising. Happy New Year.
See updated version that I reposted for spring break.
Posted in Labor, Public Finance
How Americans sabotage welfare programs
Joseph Stromberg wrote an explainer about why the US has worse public transit than any other rich nation in the world despite providing greater subsidies per rider. It isn’t just because the US is more spread-out or more enthusiastic about…
Posted in Discrimination
Medianism 