Bill Gates’s Robot Tax Is a Terrible Idea
Contrary to what Bill Gates thinks, robots don't decrease tax revenue, nor do they condemn us to a future of unemployment.
Production Theory
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A Comparison of Direct Investment of Savings and Cash Building of Savings: A Response to Alexandru Pătruți
Individuals save and invest directly, or save to add to their cash holdings. Are there differences?
An Analysis on the Relationship between Hoarding, Investment and Economic Growth
I argue that hoarding implies a longer period of time between when resources are saved and when new consumer goods reach the market (economic growth).
The Mises View: “Basket Case”
As Peter Klein explains, resources in a modern economy are complex and specific — which is why we need free markets.
The Myth of Efficiency
The word "efficiency" in modern economics and politics has been abused to the point of having no useful meaning.
The Myth of the Output Gap
The GDP framework and the output gap is an abstraction that does little more than provide justification for the interventions of government officials.
A Comment on Dr. Howden’s Review of Finance Behind the Veil of Money
My need to comment on Dr. Howden’s review has to do with the fact that he misrepresents my position on a point that is central in my book.
Finance behind the Veil of Money: Response to Dr. Braun’s Comment
The most substantial difference between our views comes from Braun’s treatment of the relationship between opportunity cost and choice.
Venezuela Shows There’s No Shortcut to Economic Growth
Economic growth is about transforming capital in useful ways. It is not about just making more stuff.
