Michael Munger

Economics

Crop Insurance, NASCAR and Seatbelts: Why The Safer We Get, The More Risks We Take

In his famously odd 1975 book, Platform for Change, the British business professor Stafford Beer made the following observation: So…

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Economics

DAFT Decisions: Why Deficits Are Future Taxes

In 2009-10, I was invited to dozens of speaking opportunities, as well as lots of radio and television appearances, because…

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Economics

‘Fine, I’ll Bake Your Stupid Cake’ Free Association Fuels Free Enterprise

Flower Mound, Texas, is about thirty miles northwest of Dallas. It straddles two counties: Denton, in which Trump won 56…

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Economics

Milei’s First Year: Liberty, Less regulation, Low Inflation

There’s something happening here. What it is, ain’t exactly clear.   Around the world, there is growing impatience with the orthodoxies…

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Economics

Understanding Thomas Piketty’s Capital in the 21st Century

In the past decade, the theoretical and empirical arguments of French economist Thomas Piketty have attracted widespread attention.

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Economics

Want Progress? Lose the Spoon Jobs

Politicians want to create jobs, “good-paying union jobs,” in existing industries.  But that’s not what markets do. The “destructive” part…

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Economics

Alfred Marshall’s Scissors

Angry headlines have recently proclaimed “Kroger Executive Admits Company Gouged Prices Above Inflation,” and “Corporate greed exposed: Kroger admits to…

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Economics

What Americans Can Learn From Venezuela’s Crackdown on ‘Price Gougers’

"Ten years ago, Venezuela set out on a path to economic ruin and grave shortages of basic consumer goods, because…

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Economics

Free Kids from Their Cells

"To keep our kids from harm, we have exposed them to brain-altering habits, online predators, and addictive pastimes that don’t…

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Economics

Economic Observations of Beach Parking

"The idea of 'line up!' is deeply ingrained in most of us, to the point where we are angry if…

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