Economics for Political Moderates… Causal Economics

It’s hard to find anyone today that doesn’t think the political environment in the West is extremely polarized on ideological grounds. Healthy disagreement is a fundamental democratic freedom, but today there’s a big problem. With a proliferation of media, the ‘left’ and the ‘right’ sides of the political spectrum are usually talking to themselves in

Why Universal Basic Income is Universally Wrong—New Insights from Causal Economics

In the unprecedented environment of the COVID-19 pandemic the income and livelihood of many organizations has been decimated. As a result, there’s been a massive surge in support programs administered through the government. Within all of the chaos, the concept of Universal Basic Income has gained some traction on both the left and right sides

Dangerous Nudges

Nudging is all the rage. Many countries now even have their own nudging units. Nudging can potentially play a role in good policy toward desirable ends, given our innate irrationality. However it is vital that people still have the freedom to make irrational decisions. Unfortunately, amid all the buzz, nudging is out of the gate

A Very Simple Economic Freedom Index

Many of the predictions of Causal Economics center on the impact of consolidated power, because that is one of the main conditions that allows for decoupling, driving up B/C ratios for those with power and driving down B/C ratios for those without power. Economic freedom and economic consolidation are at opposite ends of the spectrum.

Is Growth and Deflation Possible?

It’s commonplace to see increasing real GDP as a measure of improved utility in society. But it’s less common to imagine an even better scenario of increasing real GDP and deflation. In such a situation, real incomes are increasing in a strong and sustainable fashion, as we’ll show here. The word ‘deflation’ itself conjures up