“A record $1.3 trillion in credit card debt may be masking a weaker economy than the top-line spending numbers suggest, as consumers accrue debt to maintain a standard of living being crushed by rising prices in housing, groceries, and energy.” ~Spence Purnell
“It’s not that Argentina lacks dollars. Rather, it is that the Argentine government lacks the will to commit to its dollarization plan.” ~Nicolás Cachanosky
“From inflation to a Fed tightening cycle, to banking losses and now real estate tremors, we again find ourselves climbing tenuously out of one hole only to collapse limply into another.” ~Peter C. Earle
AIER proudly introduces Qualified Opinions, a new podcast hosted by Veronique de Rugy that will illuminate the “challenges facing free markets, liberalism, and the political climate of today.”
“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
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