In 2011, New York City mayor Michael R. Bloomberg proposed a ban on using Supplemental Nutrition Assistance Program benefits (commonly known as food stamps) for the purchase of sugar-sweetened beverages. While the plan has been criticized by food and beverage
If you have spent an egregious portion of your life in economics classrooms, you have doubtless heard that the utility functions used therein are representations of purely ordinal preference rankings. As your professors likely told you, although utility functions assign
In a previous post, I reviewed the great Canadian success story involving relatively large budget cuts as a way to turn around the fiscal crisis of 1995. On the surface, this seems anomalous to those who think Aggregate Demand is
You really have to feel bad for Paul Krugman. No matter how many times he tries to kill the idea that 1990s Canada serves as a lesson for today’s policymakers, it just keeps coming back, like a cockroach. In case you
In his work A Critique of Interventionism, Ludwig von Mises concluded that an endless progression of interventions was the inevitable consequence of otherwise well-intentioned policy makers “In a private property order isolated intervention fails to achieve what its sponsors hoped
The progressive Keynesians don’t like the “conservative love affair” with Canada. In particular, they are pushing back against the people who are pointing to the Canadian government’s budget-slashing starting in the mid-1990s as an example of “fiscal austerity” that did
The worship of science is a peculiar feature of our age, especially given the incredibly broad and non-specific nature of the term, and the vast quantitative and qualitative differences in outcomes from various types of research within the scientific disciplines.