Economics

Center on Wealth, Poverty, and Morality

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Photo of Golden Gate Bridge in background, large chain in front
Photo by Keith Wong at Unsplash

Chaos by the Bay

Macro Abstract blue color marble texture background. Acrylic color in water and oil.
Macro mystical Abstract blue color marble texture background. Acrylic color in water and oil.

A Rorschach Epidemic

The coronavirus has swallowed up everything. Its microscopic image — a grey mothball with small red crowns emanating from its core — is found in every newspaper, website, and television program around the world. Though the virus remains mysterious, it has revealed much about us. In a matter of weeks, it has become a global Rorschach test, exposing an infinite range of human preoccupations. The virus itself is a simple machine, neither dead nor alive, but it has inspired an endless stream of broadcasts, editorials, tweets, and multitrillion-dollar policy responses. Read More ›
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Masks and Scarves and Overdraft Protection with Arnold Kling

This week I sought out Arnold Kling to learn more about some of his innovative ideas to deal with the health, economic and social fallout from the Covid-19 crisis. Arnold, who blogs at arnoldkling.com/blog, author of “Specialization and Trade” and “The Three Languages of Politics” and with a PhD in Economics from MIT is one of America’s more original and penetrating thinkers. Read More ›
Photo by bantersnaps
The Charging Bull of Wall Street by @bantersnaps via Unsplash

Growth Without Virtue

The coronavirus has stopped our society in its tracks. Businesses are closed, daily routines are on hold, and families are huddled together indoors. With the headlines screaming catastrophe — death, depression, and despair — the partisans have retreated to their familiar corners. The socialist Left is hoping to permanently expand the domain of the state, and the libertarian Right is hoping to engineer a quick bailout and return to the “free market.” Read More ›
Homeless Soul Sleeping on the Streets

Coronavirus Exposes How West Coast Progressives Failed the Homeless

The coronavirus has changed almost every facet of American life. It has disrupted work routines, sent children home from school, and stress-tested the global supply chain. Medical researchers have warned for weeks that the new coronavirus, which causes the disease COVID-19, is particularly dangerous to seniors and those with underlying health conditions. But in West Coast cities such as Seattle, San Francisco, and Los Angeles, public authorities are quickly discovering another potential tinderbox for infection: homeless encampments. Read More ›
Seattle Tent City

Plot Twist

Homelessness has been circumscribed around a set of premises acceptable to progressive opinion. The homeless were thrown onto the streets, we’re told, because of rising rents, heartless landlords, and a lack of economic opportunity. But new data are undermining this narrative. Read More ›
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Bill Walton and Steve Moore on the Trump Economy

Last week I interviewed economist Steve Moore at a conference with conservative leaders. While the capital markets sell-off and bad coronavirus news had not yet had hit galeforce levels, as it has this week, they were looming. I’m posting this to remind us that even in the face of fierce headwinds, the United States has entered this troubling time riding Read More ›