We moved from Memphis, Tennessee to Birmingham, Alabama in 2012, and I had to go back to Memphis to take care of a few things earlier the week. I decided I would take my then almost-four-year-old son, Jacob, so we could spend some time indulging his greatest passion: riding elevators. After a few minutes with […]
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 […]
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 […]
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 […]