Has writing your series on human interdependence led you to any major updates to your political stances? Or to your model of promoting those stances effectively?
I know you have a different perspective about monetary policy, but what are the lags between implementation and impact and effect of changes in monetary policy. I have the sense that both US and Canadian central bankers are reacting to current news about inflation and unemployment and are not fully considering the "long and variable" lags in monetary policy. If they truly are reactive and not looking forward, the implication is that they have zero faith in their monetary and economic models. Is central bank policy really as myopic as it seems to be?
Holding fixed your factual views about econ, suppose that:
(1) Your values were more egalitarian, and so you considered it morally wrong for government to allow a situation in which some people can't afford moderately expensive life-saving treatments like cancer care
(2) You were convinced that private charity could never be sufficient to solve this problem--or else that any private charity system that solved it would have basically the same perverse incentives as government-provided healthcare for the charity beneficiaries (like a high de facto "effective marginal tax rate" depending on how the charities means-test their benefits).
What would you consider the best overall healthcare system compatible with (1) and (2)? In other words, if your values became egalitarian but your factual beliefs about econ stayed the same, how would your views about healthcare policy change?
Your “Specialization and Trade” ideas and examples seem very true, and it’s sad to me that those ideas are not more integrated into current Econ debates, nor education. Which Econ professor or author is doing a good job writing or teaching about these?
What would it take to make an S&T school? Could it merge or dominate the Austrian school? ( Some 20? years ago Caplan wrote a long essay on why he’s not an Austrian; have you written anything similar?)
What do think of my idea to (mostly) refer to you as Arnold, when I agree, and Kling when I disagree ?
Has writing your series on human interdependence led you to any major updates to your political stances? Or to your model of promoting those stances effectively?
I know you have a different perspective about monetary policy, but what are the lags between implementation and impact and effect of changes in monetary policy. I have the sense that both US and Canadian central bankers are reacting to current news about inflation and unemployment and are not fully considering the "long and variable" lags in monetary policy. If they truly are reactive and not looking forward, the implication is that they have zero faith in their monetary and economic models. Is central bank policy really as myopic as it seems to be?
Question about healthcare.
Holding fixed your factual views about econ, suppose that:
(1) Your values were more egalitarian, and so you considered it morally wrong for government to allow a situation in which some people can't afford moderately expensive life-saving treatments like cancer care
(2) You were convinced that private charity could never be sufficient to solve this problem--or else that any private charity system that solved it would have basically the same perverse incentives as government-provided healthcare for the charity beneficiaries (like a high de facto "effective marginal tax rate" depending on how the charities means-test their benefits).
What would you consider the best overall healthcare system compatible with (1) and (2)? In other words, if your values became egalitarian but your factual beliefs about econ stayed the same, how would your views about healthcare policy change?
What is the biggest open question in finance that academics have (so far) done a poor job trying to address? (in your opinion)
Your essays on human interdependence are glittering little gems for me and any recommendations
on further reading on some of your topics in this theme would be appreciated.
Thanks. For shorter readings, my "links to consider" often hit these topics. For longer readings, many of my book reviews are on these topics: https://www.econlib.org/articles-by-author-and-letters/?selected_letter=K#ArnoldKling
I nearly always explore your links to consider; appreciate the link to Econlib and will check it out. Gracias.
Your “Specialization and Trade” ideas and examples seem very true, and it’s sad to me that those ideas are not more integrated into current Econ debates, nor education. Which Econ professor or author is doing a good job writing or teaching about these?
What would it take to make an S&T school? Could it merge or dominate the Austrian school? ( Some 20? years ago Caplan wrote a long essay on why he’s not an Austrian; have you written anything similar?)
What do think of my idea to (mostly) refer to you as Arnold, when I agree, and Kling when I disagree ?