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Economic misconceptions persist due to misguided intuitions that overlook complex factors, a preference for principles over outcomes, the influence of epistemic bubbles, and political tribalism. Despite frequent refutation flawed ideas endure, requiring constant vigilance from economists. Harwood Economic Review Table
“Traditional supermarkets have been losing a great deal of market share to those excluded from that definition.” ~Gary Galles
“Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say.” ~William J. Luther
“Price indexing will remove about 80 percent of the unfunded liability gap over the next 75 years, if instituted in 2029.” ~David Rose
“Many lawmakers in DC make resolutions to be more fiscally responsible, but much like our New Year’s resolutions, they rarely follow through.” ~Thomas Savidge
“Individuals who we don’t know and who don’t know us seek to gain our trust so that they can then gain open-ended access to our wealth.” ~Don Boudreaux
“Once ‘locked in,’ a comparatively low mortgage rate functions as an emotional and economic anchor.” ~Laura Williams
“Not only is forced democratization likely to fail, but the very idea runs counter to a free, open, democratic society. Other countries should be encouraged to become democratic if they choose.” ~Andrew Byer
“Dollars allocated for gender reassignment surgeries cannot be spent on food stamps, border security, or anything else.” ~Jon Miltimore
“More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral.” ~William J. Luther
“Without structural reforms, inflation will continue to threaten the purchasing power of Americans.” ~Vance Ginn
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
“By the Harris Greed Theory, corporations became increasingly greedy from June 2020 to June of 2022, and then became less greedy over time.” ~David Rose
“‘Am I a Racist?’ isn’t just brilliant. It’s funny — and that’s more important.” ~Jon Miltimore
“Wealth inequality does seem to be growing, but wealth is growing for the bottom 50 percent too, not just the top.” ~Jason Sorens
“Jefferson understood that those who cannot even control themselves should hardly seek to control others.” ~Barry Brownstein
“The key question, moving forward, is whether the Federal Reserve’s shift to accommodation will be sufficient to counteract the emerging signs of economic contraction.” ~Peter C. Earle
“Bureaucratic sclerosis displays its own cycles of creative destruction.” ~Paul Schwennesen
Economic misconceptions persist due to misguided intuitions that overlook complex factors, a preference for principles over outcomes, the influence of epistemic bubbles, and political tribalism. Despite frequent refutation flawed ideas endure, requiring constant vigilance from economists. Harwood Economic Review Table
“Traditional supermarkets have been losing a great deal of market share to those excluded from that definition.” ~Gary Galles
“Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say.” ~William J. Luther
“Price indexing will remove about 80 percent of the unfunded liability gap over the next 75 years, if instituted in 2029.” ~David Rose
“Many lawmakers in DC make resolutions to be more fiscally responsible, but much like our New Year’s resolutions, they rarely follow through.” ~Thomas Savidge
“Individuals who we don’t know and who don’t know us seek to gain our trust so that they can then gain open-ended access to our wealth.” ~Don Boudreaux
“Once ‘locked in,’ a comparatively low mortgage rate functions as an emotional and economic anchor.” ~Laura Williams
“Not only is forced democratization likely to fail, but the very idea runs counter to a free, open, democratic society. Other countries should be encouraged to become democratic if they choose.” ~Andrew Byer
“Dollars allocated for gender reassignment surgeries cannot be spent on food stamps, border security, or anything else.” ~Jon Miltimore
“More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral.” ~William J. Luther
“Without structural reforms, inflation will continue to threaten the purchasing power of Americans.” ~Vance Ginn
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
“Conceptually, no reason exists for why the fundamental ideas within the ESG label should correlate with one another.” ~Paul Mueller
“By the Harris Greed Theory, corporations became increasingly greedy from June 2020 to June of 2022, and then became less greedy over time.” ~David Rose
“‘Am I a Racist?’ isn’t just brilliant. It’s funny — and that’s more important.” ~Jon Miltimore
“Wealth inequality does seem to be growing, but wealth is growing for the bottom 50 percent too, not just the top.” ~Jason Sorens
“Jefferson understood that those who cannot even control themselves should hardly seek to control others.” ~Barry Brownstein
“The key question, moving forward, is whether the Federal Reserve’s shift to accommodation will be sufficient to counteract the emerging signs of economic contraction.” ~Peter C. Earle
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