Monthly Archives: April 2017

The Role of High Gas Prices

Price “gouging” is not a moral issue. It’s an economic issue with *beneficial* humanitarian consequences. Counterintuitive as it may seem, high gas prices from natural disasters send two very powerful signals into the market: they tell gas producers to produce more, and they tell gas consumers to consume less. After disasters, the news wires fill […]

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A Drug War Peace Dividend?

Should we bring back “Just Say No” and ramp up the drug war, especially as more states decriminalize recreational marijuana use? As I have written before, drug prohibition is (literally) “a textbook example of a policy with negative unintended consequences” most visible in the extensive criminal underground and widespread violence associated with prohibition. What can […]

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My Favorite Economics Education Resources

Here’s a list of some of my favorite Econ Ed resources: MRUniversity. I teach from Tyler Cowen and Alex Tabarrok’s Modern Principles textbook. This site features loads of videos and mini-courses that can be adapted to any econ course. LearnLiberty. I’ve made a lot of videos for LearnLiberty, which is an online project of the Institute […]

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