Articles by Arnold Kling
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. ...