The Radford Free Press – Page 27 – All life is problem solving.

Economics / economic theory, free markets, price theory, Ronald Coase /

Leftists are not “anti-market”

April 29, 2023

I have been reminded by Tyler Cowen of Bryan Caplan’s simplistic theory of left and right. It’s short and to the point. Leftists are, he says, “anti-market”. He is wrong. Leftists are anti-market obsession. They are anti-market fanaticism. They are anti-market worship. Specifically, they are opposed to the form of idealization used to articulate “the […]

Economics, Politics / bailouts, bank capital, bank liquidity, bank regulation, banking, FDIC, Federal Reserve Board, Silicon Valley Bank /

Silicon Valley Blues

March 15, 2023

The circumstances of Silicon Valley Bank are well rehearsed by now. The bank sat at the epicenter of the tech-bro start-up ecosystem and played a pivotal role in the collection and disbursement of all the cash that flows through that system. It was an extremely odd bank. Unlike the everyday banks most of us […]

Economics, Politics / consumption, inequality, Investment, Martin Wolf, savings /

Wolf Knows Better. I know He Does

February 22, 2023

What am I supposed to make of this? Martin Wolf, someone whose work I always pay attention to, flubs it and leaves us with a partial picture. That’s unlike him. Perhaps it was the editing? In any case the notion that the UK needs to generate more savings, which is what Wolf is arguing in […]

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