The inconsistencies between Clausing 1.0 and Clausing 2.0 are indicative of an economics profession that has eschewed its own humble insights.
Nikolai G. Wenzel
Nikolai Wenzel gives a personal view on the protests in Hong Kong against the Chinese extradition bill.
We need to recognize that the first step—rather than further government "medicine"—is to stop poisoning the patient, and return to capitalism.
Economics is often a morality-free zone, and Paul Heyne shows why this is a mistake.
Munger’s framework leaves us with hope grounded in realism.
