Carl Menger’s Theory of Institutions and Market Processes

– April 13, 2021

“Let us hope that the 150th anniversary of both the ‘marginalist’ revolution, and Menger’s distinct development of it along with his ideas about the surrounding social and market processes, can serve as the inspiration for such a rethink when thinking about man, markets and the institutions in which we live.” ~ Richard M. Ebeling

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The Raw Milk Raw Deal

– April 12, 2021

“Americans don’t need government officials telling them what to do and what not to do. They do need clear, honest data and risk assessments unbiased by profit or ideological motives. The government, however, increasingly appears incapable of providing even that, even when it comes to foundational needs like nutrition.” ~ Robert E. Wright

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In Spite of Everything, the World Has Never Been So Free

– April 12, 2021

“From the late 19th century to the eve of the pandemic, there were multiple crises that could have permanently eroded economic, political and civil liberties. Yet, on net, these liberties have actually expanded since the 19th century.” ~ Vincent Geloso

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Three Reasons to Reject Biden’s Tax Harmonization Scheme for “Global Minimum Taxation”

– April 8, 2021

“It goes without saying that if politicians are able to create a tax cartel, it will merely be a matter of time before they ratchet up the tax rate. Simply stated, they won’t have to worry about an exodus of jobs and investment because all countries will be obliged to have the same bad approach.” ~ Daniel J. Mitchell

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Bryan Caplan: A Birthday Appreciation

– April 8, 2021

“Bryan Caplan is a model intellectual citizen and a model scholar. Because of his influence, I am a better economist and scholar, but importantly I am also a better husband, father, and friend. If you’re looking to sharpen your mind during a time when the world seems to be going crazy, Bryan Caplan’s commentary is a very good place to start.” ~ Art Carden

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Covid’s Vindication of Free Movement

– April 8, 2021

“This pandemic is not ending because borders were sufficiently impenetrable. But it must be said that its effects have been mitigated because many of the most essential forms of capital continued to flow. If the free movement of people, goods, and ideas could pull the world out of one of its darkest chapters, there’s no telling what the same openness could yield during brighter days. And, hopefully, will.” ~ Peter C. Earle

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Dangerous Monetary Manipulations and Fiscal Follies

– April 6, 2021

“What is clear is that the types of monetary, fiscal and regulatory policies being implemented and projected by the Biden Administration, the Democrat-controlled Congress and the Federal Reserve are all leading America down a dangerous and destabilizing road, any recovery from which will not be easy or cheap.” ~ Richard M. Ebeling

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Just Because There’s No Price Doesn’t Mean There’s No Cost: Covid-19 Vaccine Edition

– April 1, 2021

“The policy response to the Covid pandemic has been a master class in government failure: governments around the world have messed up their responses time and time again. It isn’t because they are bad people, necessarily, nor is it because they are incompetent. It is because ‘The Problem’ is a set of innumerable smaller problems for which, as Friedrich Hayek pointed out, the relevant knowledge of ‘the particular circumstances of time and place’ cannot confront political decision-makers as data. It emerges from action, exchange, and the prices they produce.” ~ Art Carden

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Understanding The Rise In Inflation Expectations

– April 1, 2021

“Bond markets are currently pricing in a little more than two percent inflation on average over the next ten years, which suggests inflation will pick up. So far, Fed officials seem willing to permit inflation to run a bit high over the next decade. Whether they will remain so permissive when the inflation numbers start rolling in––or, ratchet up IOR to bring inflation down to two percent––remains to be seen.” ~ Nicolás Cachanosky

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An Age of Patronage

– March 31, 2021

“If we widen our scope, large companies have long donated funds to support causes they think are important or channel the values they wish to portray, often entirely detached from their business. A twenty-first century age of patronage is here. Perhaps it will support the foundation for a twenty-first century Enlightenment too.” ~ Joakim Book

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Political Economy vs. Federal Fairy Tales

– March 29, 2021

“Nowadays, the federal government is controlling almost everything except itself. Instead of economic salvation, Biden offers standard D.C. issue ‘no-fault pseudo-benevolence.’ How many more trillion dollars will America waste for another Beltway ‘triumph of hope over experience?'” ~ James Bovard

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Lots of New Money, But Still-Low Inflation. What Gives?

– March 29, 2021

“Just because a reckless central bank foists tons of fake money on banks, businesses, and households does not mean any of them must spend it. Fiscal-monetary recklessness itself can signal private-sector actors not to part with safe, liquid assets. Eventually, of course, they may choose to flee the money and the debt, bringing higher inflation rates and higher interest rates. Meantime, the prudent observer must never neglect to consult the demand side of money.” ~ Richard M. Salsman

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