Articles by Arnold Kling
- Regulating Risk Thursday, April 11, 2013
- An illustration of the impact of financial regulation on capital allocation is the extent to which the world's savings have been attracted to long-term ...
- The 'Two Drunks' Model of Financial Crises Wednesday, March 13, 2013
- It’s unlikely that banks and government can be disentangled, but a healthier relationship could begin with a new approach to credit guarantees.
- What Do Banks Do? Tuesday, February 26, 2013
- A closer look at bank leverage.
- Reform Government Pay with Step Decreases Wednesday, February 6, 2013
- Longevity is the wrong characteristic to reward in the case of government workers.
- 16 Tons of Keynesian Economics Tuesday, January 22, 2013
- As the old song goes, after 16 tons of Keynesian economics, all we have to show for it is that we are deeper in debt.
- Skin in the Housing Game Monday, January 14, 2013
- Recourse mortgages with significant down payments will stabilize the housing market, prevent speculative bubbles from forming, and limit taxpayer risk.
- What Would Churchill Do? Friday, December 21, 2012
- November 6 was an electoral setback dealt to those of us who believe in capitalism and limited government. What can we learn from Churchill, who was no ...
- The Risky Mortgage Business: The Problem with the 30-Year Fixed-Rate Mortgage Tuesday, December 11, 2012
- One would not be troubled by the 30-year fixed-rate mortgage if it were an emergent property of free markets. But it is not.
- Lenders and Spenders: Confronting the Political Reality of Debt Tuesday, November 20, 2012
- Is federal debt really nothing more than money ‘we owe to ourselves’? No. It frays the political fabric, and we are feeling its effects already.
- Reforming the Housing Transaction Tuesday, November 13, 2012
- If policymakers truly want to make things better for home buyers, they should look for ways to streamline and modernize the housing transaction itself.
- Who Needs Home Ownership? Tuesday, October 30, 2012
- Home ownership subsidies have imposed costs that are large and clear. The benefits of such subsidies are, at best, small and vague.
- How to Think about QE3 Tuesday, October 9, 2012
- Here are three possible outcomes.
- Many-to-One vs. One-to-Many: An Opinionated Guide to Educational Technology Wednesday, September 12, 2012
- There are many horses in the educational technology race. Which ones are worth betting on?
- The Economics of Pepco Friday, July 6, 2012
- What happens when there is no market for reliability.
- Checks, Balances, and Audits Wednesday, June 20, 2012
- Here’s an approach that accepts the reality of the Administrative State while restoring the principle of checks and balances.
- Why We Need Principles-Based Regulation Tuesday, May 22, 2012
- Instead of regulating the boundaries between what is approved and what is forbidden, perhaps we should lay out broad but well-defined principles that ...
- The Tribal Mind: Moral Reasoning and Public Discourse Thursday, April 26, 2012
- If we want to get along better and resolve differences more easily, it will take conscious effort to overcome tribal behavioral instincts.
- Economics: A Million Mutinies Now, Part Three Monday, April 16, 2012
- The mainstream vs. the anti-modernists.
- The Challenge of Achieving a Liberal Order Monday, April 2, 2012
- In order to have the rule of law, a society must have cultural institutions that promote rules and norms that cannot be overturned by autocrats.
- Economics: A Million Mutinies Now, Part Two Wednesday, March 14, 2012
- We have accumulated more than six decades of macroeconomic experience since the end of World War II, yet neither stubborn Keynesians nor stubborn monetarists ...
- Economics: A Million Mutinies Now Monday, February 27, 2012
- There are now so many versions of ‘what's wrong with the economics profession’ that, with apologies to V.S. Naipaul, I could describe the state of economics as ...
- The Case for an Executive Re-Organization Wednesday, January 11, 2012
- The executive branch of the federal government is a sprawling collection of programs and agencies, many working at cross-purposes or to no good purpose at all. ...
- The Political Implications of Ignoring Our Own Ignorance Thursday, December 8, 2011
- Do individuals’ cognitive biases provide a justification for government intervention? No.
- What If Middle-Class Jobs Disappear? Thursday, November 3, 2011
- Structural change is an important factor in the current rate of high unemployment. The economy is in a state of transition, in which the middle-class jobs that ...
- What to Do with Super-Achievers? Saturday, October 15, 2011
- Society is better off when super-achievers do their striving within the private sector rather than in government.
- The Soothsayers of Macroeconometrics Monday, September 19, 2011
- Applying macroeconometric models to questions of fiscal policy is the equivalent of using pre-Copernican astronomy to launch a satellite.
- Prosperity, Depression, and Progress Sunday, May 8, 2011
- Any historical study that focuses on the Great Depression is bound to ask what parallels there are with the current period of prolonged high unemployment.
- Putting Mr. Market on the Couch Wednesday, March 9, 2011
- When it comes to our swinging stock market prices, what is the problem and what are the solutions?
- What’s Stalling the Next Economic Revolution? Thursday, September 9, 2010
- The next economic revolution is likely to come in healthcare and education. Two things stand in the way: credentials cartels and state-subsidized incumbents.
- When Labor Is Capital: The Limits of Keynesian Policy Friday, August 6, 2010
- The economic mystery of 2010 is the persistence of high unemployment, in spite of stimulus that follows the prescription of the prevailing Keynesian orthodoxy. ...