Economic Education

Wednesday, May 8th, 2019

Alexandria Ocasio-Cortez is from New York, where garbage disposals are not very common in apartments because they were only legalized in the 1990s, as incredible as that seems. But now she lives in D.C., and she has discovered that there is one in her apartment.

Tuesday, May 7th, 2019

Unlike progressives and conservatives, libertarians judge society and government policy by how well individuals are able to fulfill their goals; libertarians do not suppose that individuals who comprise the large collectives that we call “countries” do or should aim at fulfilling the non-existent higher goals of these large collectives.

Monday, May 6th, 2019

Yes, the greatest political show on earth. It’s just too bad that so few of the performers that are listed on the campaign-program flyers to entertain us have any belief in and policy platforms for advancing individual liberty, free markets, the impartial rule of law, or constitutionally limited government. Still, sit back and watch the show, and experience also being taken for a ride on the collectivism carousel.

Wednesday, May 1st, 2019

As a child, I couldn’t figure it out. Why is my grandfather a hero to this vast community of Asian immigrants?

Wednesday, May 1st, 2019

Social systems must be able to serve people in periods of stability, by creating predictable patterns of rules and expectations, and to serve people in times of disruption, by fostering innovation and entrepreneurship without breaking down.

Tuesday, April 30th, 2019

Would it be a tragedy if Williamson were an anthropology virtuoso who, in dropping out of Duke and taking his talents to the NBA, eschewed a career of path-breaking, world-rocking anthropological scholarship? No.

Monday, April 29th, 2019

Because free markets typically give to producers as well as to consumers strong incentives to use their unique bits of knowledge in ways that promote the general welfare, that both the knowledge problem and the incentive problem exist at all levels of government decision-making means that what is warranted is a strong and general presumption against government intervention – or, worded differently, what is warranted is an ideology of freedom.

Tuesday, April 23rd, 2019

Many people readily impose their own preferences on others without hesitation or compunction, even when they can communicate freely with the party being imposed upon.

Thursday, April 4th, 2019

The bitter truth about most public policies being sold by the political class is that they give them more power to control our lives. If you favor some of these policies, be honest with the rest of us about what you mean, so that we can make more clear-headed judgments about the kind of society we want to live in.

Wednesday, April 3rd, 2019

There are some clear advantages to the gig economy, for both workers who have specialized skills and for companies trying to remain small and nimble.

Thursday, March 21st, 2019

If you think Sweden is socialist, then you know something that just ain’t so.

Tuesday, March 19th, 2019

Diversity, inclusion, participatory democracy, pluralism, and peace dictated and determined by ideological tyrants and power-lusting interest groups using political means to achieve their ends through governmental force and collectivist intimidation undermines and then destroys the alternative and far-better world of peaceful persuasion or attractive offers in the voluntary arena of market exchange.

Monday, March 18th, 2019

Much of what the state does truly is predatory.

Monday, March 18th, 2019

The creation of money doesn’t create wealth, unless money itself is wealth — as it was when it was gold and silver. The sooner we learn this lesson, the sooner we’ll be able to revive real, robust, and sustainable wealth creation.

Monday, March 11th, 2019

We can admire the engineering prowess that enabled NASA to land men on the moon and return them safely to earth. But even if politicians (contrary to fact) were apolitical stewards of the public welfare, governing society is not an engineering task. It follows that NASA’s remarkable achievement emphatically does not imply that we should look to government to solve our problems.

Sunday, March 3rd, 2019

China no longer wants your leftover pizza box. Nor your empty 2-liter bottle of Mountain Dew. They are being burned in the US instead. 

Wednesday, February 27th, 2019

In the simplistic Keynesian-type view of things, all that needs to be done from the government’s policy perspective is to run budget deficits or create money through the banking system to push up aggregate demand.

Monday, February 25th, 2019

The governor has acted quickly. The governor has acted decisively. The governor has issued a proclamation that will make matters worse.

Friday, February 22nd, 2019

AIER offers a unique opportunity to gain professional work experience and produce tangible outcomes in line with your strengths and interests. Furthermore, you join a community of friendly, motivated and inspiring staff, who are more than happy to take time to offer guidance and support.

Friday, February 22nd, 2019

Seismologists can’t predict earthquakes. Economists can predict financial meltdowns? Please.