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Tariffs. Pandemics. Price Controls. Whatever the world throws at you, Modern Principles of Economics keeps your students engaged! Cowen and Tabarrok deliver sharp, crisp writing and 100+ top-tier videos—making it easier than ever to teach real-world economics.

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Alex Tabarrok

87,834 subscribers

22,534 Aufrufe • vor 1 Jahr •via X (Twitter)

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CEASEFIRE NOW! JUBILEE NOW!vor 1 Jahr

oh cool, libertarian perverts buying Twitter ads to peddle their discredited nonsense

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We are at a critical time, and I hope my teachings are able to help make the world a better place. In order to understand where we are at in history, you have to understand the mechanics of the debt cycles. To lean more, my new book, How Countries Go Broke: The Big Cycle, available for pre-order at the link here: #raydalio #principles #politics #economics

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All the gold in July 1986 The Horsemen were at the top of the wrestling world...and we were more than happy to let you know about it.
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Price controls are Communism 101 but they "sound good" to the economic illiterate. Price controls are one of the oldest economic polices ever tried. They have always been a failure. The Roman emperor Diocletian, more than 1700 years ago, tried to stop inflation by imposing price controls. He failed. The French Revolutionaries, the same people who executed thousands with the guillotine, used the Law of Maximums to cap food prices. They failed, and the result was widespread famine. The Soviet system used price controls throughout its history. The result, every time, was long lines, shortages and low quality. There are only two interpretations of the Kamala campaign's decision to promise price controls on food. Either 1. They genuinely think that grocery stores, famously one of the lowest-margin, mostly highly-competitive businesses in America, suddenly became "greedier" in 2021 and colluded to hike prices, all at the same time and all in the same way. Or 2. They know "price gouging" has nothing to do with higher food prices, but think they can scam the public by blaming the worst inflation in decades on "greedy corporations." In other words, they either don't grasp basic economics and are incompetent, or they DO grasp basic economics, but are willing to wreck the economy to win political power. Kamala Harris along with Joe Biden created and enflamed inflation, and now they say they can "fix it" by destroying the free market principles which made America the economic powerhouse it is. WAKE UP, AMERICA!!
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Price controls are Communism 101 but they "sound good" to the economic illiterate. Price controls are one of the oldest economic polices ever tried. They have always been a failure. The Roman emperor Diocletian, more than 1700 years ago, tried to stop inflation by imposing price controls. He failed. The French Revolutionaries, the same people who executed thousands with the guillotine, used the Law of Maximums to cap food prices. They failed, and the result was widespread famine. The Soviet system used price controls throughout its history. The result, every time, was long lines, shortages and low quality. There are only two interpretations of the Kamala campaign's decision to promise price controls on food. Either 1. They genuinely think that grocery stores, famously one of the lowest-margin, mostly highly-competitive businesses in America, suddenly became "greedier" in 2021 and colluded to hike prices, all at the same time and all in the same way. Or 2. They know "price gouging" has nothing to do with higher food prices, but think they can scam the public by blaming the worst inflation in decades on "greedy corporations." In other words, they either don't grasp basic economics and are incompetent, or they DO grasp basic economics, but are willing to wreck the economy to win political power. Kamala Harris along with Joe Biden created and enflamed inflation, and now they say they can "fix it" by destroying the free market principles which made America the economic powerhouse it is. WAKE UP, AMERICA!!

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Cursor CEO Michael Truell on the future of writing code: "Our goal with Cursor is to invent a new type of programming." "It looks like a world where you have a representation of the logic of your software that does look more like English." "You can imagine kind of an evolution of programming language towards pseudocode. You have written down the logic of the software, and you can edit that at a high level." "It won't be the impenetrable millions of lines of code, it'll instead be something that's much terser and easier to understand and easier to navigate." Michael Truell with Lenny Rachitsky on Lenny's Podcast

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