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If you aren't following Mark Perry's Carpe Diem blog every day you're missing out on one of the best sources for common sense analysis of current economic and social controversies. Mark, an economist at the University of Michigan and scholar at AEI, specializes in debunking economic fallacies (such as the perennial feminist talking point that women only earn 78 cents for every dollar a man earns), but he also has hit upon a sure fire method to make life miserable for campus diversicrats: file Title IX complaints against college programs that discriminate against men. So far he's filed more than 200 such complaints, and has an excellent track record in making colleges and universities back down from egregiously discriminatory practices.
We also talk about his other specialty—using Venn diagrams to illustrate hypocrisy and inconsistent thinking mostly by liberals—as well as some of the economic mysteries of our time, such as why the relentless money-printing of the Federal Reserve hasn't touched off inflation.
Steve Hayward
Mark J. Perry
Discussion (9)
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One of the diagrams discussed in the podcast.
Great podcast. One issue, I think there has been inflation, in asset prices and virtual assets. We live in unprecedented times, not only do we have nations with unlimited debts - in trade balances, public and private debts, nothing like this has ever existed before. We also for the first time have virtual assets, paper gold and commodities, virtual currencies.
I think a lot of the virtual cash, created and held by banks, is not in the real economy causing inflation, its out chasing virtual commodities and assets, causing inflation in those asset classes that have very little effect on the daily economic lives of citizens.
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Fascinating. I hope Rufus B Jones weighs in on this. I have not heard this theory elsewhere.
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Listening to the story of Mark Perry’s heroic efforts against sex discrimination, I constantly wonder: where are all the conservative foundations?
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Just look at the stock market as an example, almost at an all-time high. All that money has to be somewhere, and that's one place it is sitting, regardless of the future prospects of many businesses.
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Yes, not just the stock market but the futures markets - Look into the Gold and Silver markets where everyday several years worth of production is traded - The virtual paper market actually has been effective driving the market prices of these commodities - one of the few cases where the virtual marketplace actually drives the real commodity prices.
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