“Simply by repurposing existing personal property, Uber, Airbnb, and other sharing-economy innovations enlarge humanity’s stock of productive capital. And in doing so, these innovations also create more capitalists.” ~Donald J. Boudreaux
“Our dependence on the ability to serve others in highly specialized ways is contingent on the rest of the system working constantly and efficiently. Our shrinking command of general competence puts us at greater risk.” ~Michael Munger
“Higher rates could be a sign of loose money, not tight, depending on how far from the policy change we’re looking and how fast the market adapts.” ~ Alexander W. Salter
“The extended social order created by the free market expands our opportunities to cooperate with others, and crucially, accepts human nature for what it is.” ~Barry Brownstein
“The damage done by allowing ‘anticompetitive’ mergers dissipates over time, but the benefits of erroneously prohibiting beneficial ones are lost forever.” ~Tarnell Brown
“Like any other good, environmental protection has an opportunity cost. Surveys indicate that the majority of Europeans support green laws; however, a majority is also increasingly worried about the cost.” ~Nikolai Wenzel
“Whether the distribution is problematic and calls for correction is one question, but measuring the extent of inequality and whether it is getting worse is an entirely different issue.” ~Robert Mulligan
“So rather than starting to tighten policy in the fourth quarter of ‘21, as Powell described, the Fed was implicitly loosening policy through May of ‘22.” ~Thomas L. Hogan
“The discount shelf in your lower supermarket is emblematic of the same process as well, albeit in the opposite direction. Variable pricing permits improved resource allocations, including of labor, by responding to real-time conditions.” ~Peter C. Earle
“Overbuilt facilities generate excess capacity, waste resources, and are only needed in extreme events. A consumer-of-last-resort could secure electricity grids and monetize their resilience.” ~Joakim Book
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