Blog

Government bloat: societal divide

Government bloat: societal divide

In his writing regarding the ratio of federal employees to federal contractors (1.5 million : 15 million), economic historian and professor Brian Domitrovic argued that the contractor bubble is rooted in a desire to undermine the private sector. His argument is that federal contractors are in reality federal employees under a different name. The root of Domitrovic’s thesis lies in American…

What can we expect from ECB’s new president Christine Lagarde?

Categories:
What can we expect from ECB’s new president Christine Lagarde?

Habemus praeses. Incumbent IMF chairwoman Christine Lagarde was recently nominated to become the next president of the ECB after the agreement reached by European leaders last week. The French politician will take up the position next November, bringing an end to Draghi’s eight-year mandate. Draghi’s presidency has been characterized by two key aspects. First, during his mandate, the…

Low entry threshold, or affirmative action: a case study

Low entry threshold, or affirmative action: a case study

Over the 2010s, a pointless drama played out in the American Supreme Court - twice. A young woman, Abby Fisher, filed a personal injury lawsuit against University of Texas at Austin for not admitting her as an undergraduate. In fairness to Fisher, it turned out that the suit was the concoction of adults in her life who wanted it to become the landmark case that would bring down institutional…

Who will succeed Mario Draghi as head of the ECB?

Categories:
Who will succeed Mario Draghi as head of the ECB?

The days of Mario Draghi as head of the European Central Bank are coming to an end. Next October, Draghi will cease to be one of the most powerful central bankers in the world after eight years in office. A hero for some, a villain for others, everyone agrees that his mandate will go down in history as one of the most decisive in the short history of the euro as he was forced to cope with a…

Remember Macron’s new food bill? It backfired as anticipated

Categories:
Blogger: Bill Wirtz
Remember Macron’s new food bill? It backfired as anticipated

Last year, the French legislature passed the “Loi EGalim”, intended to re-establish fairness between food producers and retailers. But none of the “fairness” measures have made anything fairer. Quite the contrary.   What happened   In a piece for FEE back in February, I went through the different dispositions in the bill. One of the flagship policies included…

Mr. Trump, leave the Fed alone

Categories:
Mr. Trump, leave the Fed alone

One sometimes wonders if Trump’s irresponsible statements have other objective than to show his bold ignorance on economic and political issues. Last week, the US President lashed out at the Federal Reserve for its stance on monetary policy. In a nutshell, he complained about the dollar appreciating against the Euro as a result of Fed’s policies. This, according to Trump, undermines…

What is the place premium?

Categories:
What is the place premium?

Wage differentials within a country can be explained by factors such as work experience, years of education, or career choices. Yet things get more complicated when comparing wages from workers living in different countries. When we do so, we need to take into account an extra factor: migration barriers. This is exactly what economists Michael Clemens, Claudio Montenegro and Lant Pritchett do in…

Caveat emptor: Or credulity's reward

Caveat emptor: Or credulity's reward

At the end of April 2019, a 28-year old confidence woman, Anna Sorokin, received a lengthy prison sentence for fraud. The sequence of events was cinematic in terms of the audacity of her swindle, which the courts concluded to be well in excess of $250,000. Using the alias Anna Delvey and claiming to be a German trust-fund baby, over the course of four years she materialized for periods in New…

"Access" to upward mobility: A case study

"Access" to upward mobility: A case study

In June 2016, the New York Times published an exposé on Valparaiso University School of Law and their process for recruiting new students. The piece provoked a polemic on the subject of the place of markets and government intervention in education because it revealed that the problematic practices employed by the school were simply standard for a certain level of institution. It was a very…

The case for the sharing economy

Blogger: Bill Wirtz
The case for the sharing economy

The sharing economy is not only a different way of presenting services such as Uber or Airbnb, but actually a wide range of companies that operate on the basis of shared resources to maximise their utility. Innovations in this area, however, require rethinking  the State's current authorisation system to give more flexibility to companies, employees and consumers. Uber’s example…

© Values4Europe