Two Tales of Unintended Consequences of Monetary Policy – Tale 1

by Nicolás Cachanosky and Andreas Hoffmann Even when a policy is successful in achieving its desired ends, we have to consider its unintended and unforeseen consequences, resulting from cumulative market adjustments to policy changes that make it hard to judge the overall outcome of a policy in our complex economy. The Federal Reserve and European … Continue reading Two Tales of Unintended Consequences of Monetary Policy – Tale 1

“Unintended consequences of ‘Smart Growth'”

by Sandy Ikeda That's the title of a video interview I did with the Mackinac Center that was posted on their website a few days ago. I did it last summer and it runs about twelve minutes. http://vimeo.com/8060498 It's very hard to do justice to either the SG side or my critique in such a … Continue reading “Unintended consequences of ‘Smart Growth'”

Unintended Consequences of Mortgage Foreclosure

by Mario Rizzo   We are a serious bunch here at ThinkMarkets. We make major advances almost daily in all recognized realms of intellectual thought. So now it is time to illustrate the great principle of unintended consequences of human behavior in a very vivid way.   A brilliant new horror movie was released on May 29th: … Continue reading Unintended Consequences of Mortgage Foreclosure

Infrastructure: Here’s what Robert Moses would do today

by Sandy Ikeda (Map by "vanshnookenraggen.") With your indulgence, I’ll get to my main point, and this map, in a moment. But first, as we all know, the House has just passed a special ex post tax on bonuses awarded to individuals working for companies that received bail-out money. (One egregious violation of the rule … Continue reading Infrastructure: Here’s what Robert Moses would do today