Blog | Econ Clips

The change in the presidency is not going to reduce the amount of time and energy people will be spending debating the question of rising inequality. In […]

Is government spending effective?

Ratel2021-10-18T13:02:40+00:0013 August, 2017|

Let us start by asserting that the money the government holds is not its own. In general the government does not produce anything, nor create wealth, nor […]

Price system: free market vs. government intervention

Ratel2021-10-18T12:31:34+00:0013 May, 2017|

What is the role of the prices on the market? What happens when the government interferes with the market and sets a maximum or minimum price at […]

Frédéric Bastiat | That Which is Seen, and That Which is Not Seen

Ratel2021-10-18T12:24:51+00:0018 April, 2017|

What distinguishes a good economist from a bad economist? We may invoke Hazlitt’s question: Why is it that economics is haunted by more fallacies than any other […]

Austrian Business Cycle Theory | What causes business cycles?

Ratel2021-10-18T12:19:05+00:0011 April, 2017|

In one of the previous episodes we discussed time preference and interest rates. If you have not seen it, watch it before you start this episode. Today […]

Minimum Wage | Good or Bad Idea?

Ratel2021-10-18T12:17:41+00:006 March, 2017|

According to many politicians we only need to raise the minimum wage! If the task is as easy as passing merely one bill, if this will make […]