The Gaps in the Generality

Facts about recessions and unemployment (and matching) Professor Cowen raises an interesting point in this recent Marginal Revolution blog post. If micro-data on unemployment recovery really is typically better explained by the supply-side of employment (I’d need to read more in that area to feel more confident myself), is the periodic case for dramatic effortsContinue reading “The Gaps in the Generality”

An Update on the SSRN Paper Regarding Corporate Lobbying and Taxation Effects

Excellent news the past few weeks! My research paper disseminated on SSRN, “Lobbying as Source of Rent Seeking,” has placed in several Top Ten lists amongst recent papers, including all those submitted thus far for the year of 2021 in their respective categories. Currently, the paper is: #1 in LSN (Law): Legislative and Political Process#3Continue reading “An Update on the SSRN Paper Regarding Corporate Lobbying and Taxation Effects”

Defending Wilt Chamberlain and the Principle of Robert Nozick: A Response to G. A. Cohen

Defending Wilt Chamberlain and the Principle of Robert Nozick: A Response to G. A. Cohen My views have developed since the writing of this paper towards a more nuanced response to Cohen, but I remember this paper as my first philosophical rebuttal in defense of Libertarian political philosophy.

The Problem with Regulation

Norman D. Swan There is a cross-cultural discussion regarding the regulatory regimes put into force by the State, as if they represent a sort of panacea to solve an assortment of ills which plague society. These discussions have been happening for years, but most people only have a shallow understanding of the effects of regulation.Continue reading “The Problem with Regulation”

Halt GSE Credit Expansion and Government Backing Long-Term: 2021 Finance, Foreclosure, and Leasing Loom Darkly

In yet another extension that growingly appears to be delaying or worsening an inevitable reckoning, the Federal Housing Finance Agency has extended Fannie Mae and Freddie Mac’s temporary ability to buy loans in forbearance until the end of December. Forbearance, or a state of reduced and suspended repayments for loans, has been induced by FannieContinue reading “Halt GSE Credit Expansion and Government Backing Long-Term: 2021 Finance, Foreclosure, and Leasing Loom Darkly”

McClure, Thomas, and Horowitz Continue to Wow – Application of Sequestered Capital Theory to 1929 Crash

In one of my prior posts, “Austrian Alert” I highlight an application of sequestered capital theory written by the authors as a way to fill in the gaps of Hayek’s struggle with Austrian Business Cycle Theory. Here, we have a paper by McClure, Thomas, and Horowitz further applying their theory to better make sense ofContinue reading “McClure, Thomas, and Horowitz Continue to Wow – Application of Sequestered Capital Theory to 1929 Crash”

Thoughts of Freeman Dyson

Esteemed mathematician; theoretical and mathematical physicist; and statistician at Princeton, Freeman Dyson passed away just this past February, and I’ve found myself thinking of what glimpses of his work and ideas I was able to understand more often since then. Here is a short speech he made once on the idea of God. I likedContinue reading “Thoughts of Freeman Dyson”