Other People’s Money: Millennials and Socialism

There’s been one underlying basic fallacy in this whole set of social security and welfare measures, and that is the fallacy – this is at the bottom of it – the fallacy that it is feasible and possible to do good with other people’s money. That view has two flaws. If I want to do … Read more

The Populist Trade Problem

A recent article in Vox outlines the problem of anti-trade populism: Bernie Sanders sells himself as a champion of the little guy. But talk to economists and development experts, and you hear something different: Sanders’s policies on trade would hurt the very poorest people on Earth. A lot. Here is the basic issue. Sanders has, … Read more

The Capitalist Welfare State

The merits of the social democratic Nordic countries have once again become popular in American political discourse due to their praise by presidential candidate Bernie Sanders. This revival of the “U.S. vs. Sweden” debate reminds me of the following interview with Swedish economist Andreas Bergh: Bergh presents a fairly clear view of the difference between … Read more

Compassionate (Sentimental) Liberals, Loyal (Authoritarian) Conservatives, and Intelligent (Cold-Hearted) Libertarians

Social psychologist Jonathan Haidt and the Cato Institute’s Emily Ekins have an incredible article on the moral psychology of different candidate supporters. The two begin with the 6 major moral foundations: Care/harm: We feel compassion for those who are vulnerable or suffering. Fairness/cheating: We constantly monitor whether people are getting what they deserve, whether things … Read more

The Mormon Way to Love

This post is part of the General Conference Odyssey series. I’m going to start my discussion of the talks from the Sunday Morning session of the April 1971 General Conference in a slightly different place: science fiction and fantasy. There’s going to be some wind up (which I hope you’ll find interesting), and then I’m … Read more

Getting Rid of Borders

New immigrants possess skills different from those of their hosts, and these differences enable workers in both groups to better exploit their special talents and leverage their comparative advantages. The effect is to improve the welfare of newcomers and natives alike. The immigrant who mows the lawn of the nuclear physicist indirectly helps to unlock … Read more