“As the study and measurement of inequality progresses, Piketty’s (and his team’s) main estimates have become obsolete and might be properly consigned to the field of the history of economic thought.” ~Phil Magness & Vincent Geloso
“Suppose all Americans and Kiwis look to their own self-interest by avoiding advertised drugs whenever possible. In that case, drug manufacturers would have an incentive to stop DTCA of their own accord.” ~Robert E. Wright
“Humans cooperate and communicate in miraculous ways through the mechanism of the price system. If you believe someone must be in charge of coordinating human action, you will never notice the marvels all around you.” ~Barry Brownstein
“All we know here is that humans are innovative and have a great capacity to creatively meet challenges without being prodded by politicians or mandarins. But no one can predict in detail how this creativity will manifest itself.” ~Donald J. Boudreaux
“A balanced rebuttal to false and misleading claims will tend to be ineffective at reaching voters, which in turn makes deceptive political advertising more successful, over-expanding government.” ~Gary M. Galles
“Dollarization may not be the first-best solution for Argentina, though it’s hard to imagine it will be worse than hyperinflation.” ~Jason Sorens
“The risk of hyperinflation in Argentina does not arise from the intention to dollarize but from a central bank that appears incapable or unwilling to exercise restraint. Argentina’s historical record shows that central bank independence is absent.” ~Nicolas Cachanosky
“Are job training programs actually providing useful training to the people affected by foreign trade? Don’t ask lawmakers. They’d prefer that people give them credit for the intent and ignore questions about outcomes.” ~James M. Hohman
“What matters for the capitalist story to flourish is that its effect on the world continues to be positive, not whether market actors believe it while embodying its principles.” ~Joakim Book
“Slowing down total spending growth (current-dollar GDP) by hiking interest rates and shrinking the balance sheet clearly mattered. Supply-side improvements do too, but they’re likely playing the role of the sidekick rather than the hero.” ~Alexander W. Salter
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