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The Value of High Costs
“As the late Nobel-laureate economist James Buchanan explained in his 1969 book, Cost and Choice, cost is the barrier to choice. Cost is the benefit that a chooser believes he or she sacrifices whenever he or she makes a choice.” ~ Donald J. Boudreaux
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Raving for Monkeypox
“We should expect more outbreaks in areas with a greater appreciation for economic freedom. Indeed, reports indicate the kindling wood has been there for some time. But don’t worry; be thankful that people live in societies that allow such diseases to spread.” ~ Byron B. Carson III
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Economics as an Antidote to Envy
“Much of what economists refer to as ‘transaction costs’ would be eliminated in an economy consisting entirely of saints, but that is unfortunately not the world we inhabit.” ~ Clara E. Piano
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