Against Politics

Toward a depoliticized society

Anti-market bias, unemployment and immigration

Economist Bryan Caplan discusses the important topic of market-clearing wages. Why are wages not falling during the recession in order to establish equilibrium and full employment? Caplan gives an answer that seems common sense but receives little attention from professional economists and politicians. Is labor market rigidity a market failure?  I’m afraid so.  But strangely [...]

Unfalsifiable achievements

William McGurn writes in the Wall Street Journal: “Saved or created” has become the signature phrase for Barack Obama as he describes what his stimulus is doing for American jobs…However dubious it may be as an economic measure, as a political formula “save or create” allows the president to invoke numbers that convey an illusion [...]