You’re Not Underpaid ‒ But LeBron Is

– December 5, 2020

“The value of your work isn’t what you say it is; it’s what others say it is, and more so what they’re willing to part with to get that. Even without the particular NBA rules LeBron couldn’t stand up and say his basketball skills are worth a trillion dollars a year. That’s for others to decide ‒ team owners, managers, and fans ‒ not him.” ~ Joakim Book

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The Value is In the Ideas

– November 29, 2020

“Which desk and lamp recipes ‘win?’ It’s not the ones that require the most labor or the most savings. In the long run, it might not even be the ones that capture the imaginations of design aficionados. The winning recipes are the ones that get enough ‘votes’ in the form of the dollars people spend.” ~ Art Carden

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Without Permissionless Innovation, Would we Really Love Rock & Roll?

– November 24, 2020

“Even if you think the ‘Queen of Noise’ produces nothing but noise, her success in a world of permissionless innovation is a good reason to love rock & roll.” ~ Art Carden

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Leave Me Alone and I’ll Make You Rich: Who Made Our Book Possible?

– October 30, 2020

“Our book’s policy recommendations can be reduced to two words: stop it. Consider the possibility that the people you wish to tax, regulate, subsidize, evaluate, and experiment upon should simply be left alone to go about their business. Stop it, we say, and let them make us rich.” ~ Art Carden

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Google is Not a Monopoly

– October 23, 2020

“Google is a lot of things. Maybe they have become evil, as the left would tell us when alleging that YouTube’s algorithms are unwittingly supporting, galvanizing, and expanding the alt-right or as the right would tell us when alleging that Google’s search results are rigged to advance a progressive agenda. The charge of “monopoly” doesn’t stick, though, because it’s pretty easy for people who don’t want what Google has to offer to take their business elsewhere.” ~ Art Carden

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neighborhood bar

The Death and Life of the Great Third Place

– October 21, 2020

“We might also emerge from this bizarre Orwellian dystopia with a renewed appreciation for Main Street, community, and the third spaces. These places define normal and make us who we are. We support them because they support us in more ways than we realize. Perhaps we took these places for granted. Never again.” ~ Brad DeVos

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clarity, mountain

The Economic Way of Thinking Brings Clarity

– October 20, 2020

“Nancy Pelosi presides over a chamber of politicians who vote on taxing and spending bills that transfer money from some Americans to other Americans – a fact that (inexplicably!) propels Ms. Pelosi to boast that she and her colleagues, not taxpayers such as Mr. Blitzer, feed poor Americans. On top of this appalling pretension, Ms. Pelosi expects CNN’s audience to believe that she and her Congressional colleagues ‘know’ poor Americans in a way that non-politicians don’t.” ~ Donald J. Boudreaux

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bright america

Is America in Decline?

– October 2, 2020

“America cannot be the literal Top Nation forever, nor should it be, nor does it matter. Being smart and hardworking and fulfilled are what matter, not tiny percentage differences of income between rich countries, 10 percent plus or minus. America is not declining. In the modern world, no income per head actually declines in absolute terms, unless through war or socialism.” ~ Deirdre McCloskey

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james buchanan

James M. Buchanan’s Normative Vision Fifteen Years Later

– September 30, 2020

“Why I, Too, Am Not a Conservative lays out a subtle, complex, and principled vision for a functioning society of equals. Autonomy and reciprocity, he argues, are necessary for peace, order, and prosperity, but at the same time he doesn’t see it as his role to deconstruct society and rebuild it along these lines. Buchanan is critical of radicals who would force others to be free, or who would seek liberal ends by illiberal means.” ~ Art Carden

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sweden shopping

The Swedish Bumblebee

– September 30, 2020

“On economic well-being, it’s clear that a country with an invasively large government sector and extraordinarily high taxes can still perform well. In the corona debates, the simplified story that lockdowns prevent spread and open societies kill people should be relegated to the dustbin of impressive theories at odds with reality.” ~ Joakim Book

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market bomb

A Warning from Two Hedge Fund Managers: Rigged to Fail

– September 25, 2020

“At the end of the day, we should all learn from history. We have seen which monetary policies work and which ones fail. We know what a drunk looks like and we know an unsustainable market when we see one. Eventually there are consequences for risky behavior. Relying on proven principles may not be as glorious or exciting but it will guarantee we actually come out in one piece.” ~ Ethan Yang

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gavin newsom

Abolishing California Passenger Cars Could Reduce Global Greenhouse Gases – by 0.26%

– September 25, 2020

“Governor Newsom claims the right to dictate what sort of new cars Californians can buy, but not until 2035. When 2035 arrives, a different California Governor and legislature will surely ignore Newsom’s political time bomb. For one state to switch to electric cars would be demonstrably irrelevant to global warming, but not to the right of that state’s consumers to spend their earnings as they wish.” ~ Alan Reynolds

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