Economic Education

Wednesday, October 31st, 2018

This is a fight between two political parties and groups desiring to have control of the same governmental machinery for the purpose of planning and directing people’s economic and social affairs in one way rather than another.

Wednesday, October 31st, 2018

Contrary to popular belief, police have never documented real cases of people randomly distributing poisoned candy to children on Halloween.

Tuesday, October 30th, 2018

The say that you have in the market is always real and effective.

Tuesday, October 30th, 2018

If you were to take Teen Vogue’s word for it, you would think that capitalism is “exploitative and leads to a brutally divided society that tramples the working classes in favor of fattening the rich’s wallets.”

Tuesday, October 30th, 2018

The argument that politics is controlled by some of the wealthy and run for their benefit is largely correct, but the conclusion should be that we should restrict their opportunity to do this by limiting politics and government, not that we should expand them.

Sunday, October 28th, 2018

When people think about Halloween, they think about candy, children in costumes, and scary decorations. I think about all these things too, obviously, but I find myself thinking also about sugar subsidies.

Monday, October 22nd, 2018

George Gilder's recent book might be his biggest seller yet, and this is after a career of rocking both the intellectual and political worlds with visionary works that have anticipated and then defined the technological and policy trends of the times. His book is Life After Google, and its focus is on the rise of decentralization in what he called the Cyrptocon. He explains why the tech giant's business model may not work in the future and how the cryptocon will provide a replacement. 

Wednesday, October 17th, 2018

It is quite true that a standard bilateral fee-for-service arrangement would fail to provide enough lighthouses — at first. But that failure would have consequences.

Tuesday, October 16th, 2018

Madison would be horrified to see the extent to which his federalist vision has failed to endure. Fiscal power has become increasingly centralized, with the federal government taking over more and more state functions.

Monday, October 15th, 2018

Producers, on average, capture a 2.2 percent of the total benefits of their successful introduction into markets of technological advances. A whopping 97.8 percent of those benefits are enjoyed by people each of whom as a consumer did nothing other than exercise his right to spend his money on those options that he judges best for himself.

Thursday, October 11th, 2018

What a recent academic hoax reveals is a pervasive problem of declining scholarly rigor afflicting certain parts of the academy.

Wednesday, October 10th, 2018

Twenty years from now, people will look back at our current practices of exclusive ownership and storage with bewilderment. They will wonder what life was like before platforms made our lives richer, better, and less wasteful.

Tuesday, October 9th, 2018

The singer should become more educated as to how the number one perpetrator of racism in her state operates. And when that day comes then perhaps she will be using her star power to be part of the call for complete criminal justice reform — an even more meaningful political revolution.

Monday, October 8th, 2018

Remember when Republicans under the previous President fought for some semblance of fiscal responsibility and for a return to regular order in the budget-making process? That time is long gone.

Sunday, October 7th, 2018

The violent hatreds, tribalisms, acts of revenge, and never-ending escalation of the war between left and right (and between races, religions, sexes, and classes) are exactly what you would expect to get when you attempt to organize life according to the zero-sum game that is politics.

Friday, October 5th, 2018

"I tried to think of anything in nature that could compare. I thought of huge animals on safaris, of glorious birds, or gigantic sea animals. I thought of huge mountains, great canyons, and terrifying bodies of water. Nothing compares. Then it dawned on me: humankind has created something truly astonishing here." ~ Jeffrey Tucker 

Thursday, October 4th, 2018

Net neutrality rules do nothing to make internet access more fair. More regulations only create the perfect environment to encourage monopoly, making access to the wide web even more restricted and expensive.

Wednesday, October 3rd, 2018

The result of a century of coerced forms of social organization is exactly what you see and what so many decry as the fracturing of consensus in society. What’s miraculous is that we have somehow survived regardless of the nonstop attacks on liberty, property, and free association.

Tuesday, October 2nd, 2018

Bad economics can bring about or grow out of bad politics. But the question is, what are bad economics and bad politics? Unless this is clearly and correctly identified, a bad situation can be made worse, and a good situation can be turned into a bad one. So sorting this out is crucial to having a free and prosperous society.

Monday, October 1st, 2018

No matter how good legislators’ intentions are, and no matter how much money government spends, government “solutions” are very likely to fall short of solving most of the problems they’re sold as solving. Indeed, often the result is disastrous.