“When we turn experts into masters rather than advisers, we throw away a lot of important knowledge. Experts definitely have their place, but we have to remember that they respond to incentives and have their own epistemic limitations.” ~ Art Carden
READ MORE“The problem, of course, is that the Fed has always been under constant political pressure, but even when it is acting independently, its adventurism can and has ended poorly. To combat this, the authors argue that the Fed should be bound by explicit rules that constrain it from exercising broad discretion.” ~ Ethan Yang
READ MORE“History is the messy sum outcome of millions and millions of people’s incentives, desires, biases, and actions. An iconic quote from Jurassic Park is ‘Life finds a way,’ uttered by the cynical chaos-theory chanting character Ian Malcolm. History, it would seem, does too.” ~ Joakim Book
READ MORE“How Arthur Laffer dealt with Milton Friedman on a monetary matter of utmost importance says so much about his genius as a thinker, but it also says it all about him as a person. He’s kind and generous in addition to being brilliant. Read The Emergence of Arthur Laffer to see why.” ~ John Tamny
READ MORE“Time, its measurements, and what they have given rise to in the form of navigation and information, is clearly much more than the routine moving of hands across the dials of an old grandfather clock. Rooney shows us how.” ~ Joakim Book
READ MORE“In Rules for Radicals, Saul D. Alinsky’s handbook for left-wing activists, Alinsky gives thirteen rules for community organizers. Rule number four is ‘Ridicule is man’s most potent weapon.’ That rule is relevant for fighting wokeness on campus. And Scott Johnston, author of Campusland, a novel published in 2019, understands that.” ~ David R. Henderson
READ MORE“Ultimately, Mortimer opts for the twentieth century as the century when the West saw the greatest change. This is a defensible conclusion, but it doesn’t matter much: the value of his intellectual exercise isn’t his closing note, but the meandering path he takes to get there.” ~ Joakim Book
READ MORE“Slobodian’s vision – clearly one parallel to or coterminous with a socialist remake of society – would turn us away from all of liberalism’s accomplishments, however imperfect and incomplete they have been, and take us back to the primitive tribalism that Friedrich Hayek explained has taken humanity so long to escape from.” ~ Richard M. Ebeling
READ MORE“On this episode of the Authors Corner, Ethan Yang interviews AIER Senior Fellow Robert Wright on his book Financial Exclusion: How Competition can Fix a Broken System. During the interview, Robert discusses major themes in his book, which touch on the importance of the financial system and the damage exclusion has brought on marginalized communities.” ~ AIER
READ MORE“Intelligence and Democratic Action is the work of a distinguished and influential scholar who spent a lifetime wrestling with the tensions between the real and the ideal, the actual and the imagined. It is a brief but deep exploration of the contours of the social sciences, and it is worth serious consideration by anyone concerned with the foundations of a free and prosperous society.” ~ Art Carden
READ MORE“Defenders of the great revolution of enlightenment values and modernity have our work cut out for us. Harwood’s book is just as relevant today as it was in 1951 and at less than 100 pages, it is a manifesto for those who are up to the task of standing watch over the well-being of our society.” ~ Ethan Yang
READ MORE“How we prepare and what we do with the worldly events that face us matter: even catastrophes that stem from pathogens or poor harvests are man-made, a message for which Ferguson’s fidgitive book only narrowly succeeds.” ~ Joakim Book
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