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April 2015

Three reviews of John Tamny's new book

Mercatus Center's Veronique de Rugy: "John Tamny Is Making Economics Popular Again".

Scott Granis at Calafia Beach Pundit: "Recommended Reading".

Mark Hendrickson in Forbes.

I haven't read Tamny's book yet, but in the "popular economics" genre, I heartily recommend Thomas Sowell's Basic Economics, Harold Winter's Tradeoffs, and Steven Landsburg's, The Armchair Economist.

"Middle Class, but Feeling Economically Insecure"

A New York Times columnist opines on what's troubling the middle class:

Middle-class anxiety has been driven by several factors: increasing instability in incomes, a sense among many Americans that they are failing to keep up with the gains of previous generations, and an increasing gap between themselves and the very rich.

I speculate that this misses a key part of the discontent. There's a lot of uncertainty in life, but American parents and their kids a generation or two ago used to feel there was a path offering some certainty. For some kids it was doing well in school, getting into a good college, and then law school or an MBA or banking or work directly on a managerial track. For others it would have been a good high school education following by work in the auto plant or the steel plant, or at a later time, a good construction job or a job with the Postal Service or a civil-service job. How many of those avenues are, today, much shakier or even sharply in decline? There are still opportunities--talk to the iPhone app millionaires or the eBay mavens or biomedical researchers--but they are much different than they were 20 or even 10 years ago. 


James Lileks, marvelously doing his thing.

And this will be bad, because some people will still have to manually operate their cars and wind their old watches. There is, of course, a solution — neat, just, and egalitarian. Everyone walks. And the government hands out sundials. It’s equal! Which must mean it’s progress.