Economic Development Deals Are a Curse, Not a Blessing
“Bribing businesses to locate in your state is not free enterprise; it’s a form of cronyism. It turns what should be a competitive process between firms into a political competition between states. The first step toward winning is to stop losing.” ~ Stephen C. Miller
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Some Buttons That I’d Not Push, and Some That I Would Push
“There are, undoubtedly, still other unwise government interventions that I would wish to eliminate, but that I would also not willingly push a button to eliminate immediately. But there are buttons I would push.” ~ Donald J. Boudreaux
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Minimum Wage Hurts Whom It Claims to Help
“Being able to work, and feel productive, is an important part of the social aspect of our economy. Service jobs are disappearing fast enough, without having the process accelerated by misguided support for increasing the minimum wage.” ~ Michael C. Munger
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What Reich Gets Wrong about the Kroger-Albertsons Merger and What He Misses Completely
“The Kroger-Albertson deals should be defended, not debated, and assertions by academics on industry matters should be met with serious skepticism.” ~ Kimberlee Josephson
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The Amazing Cargo Ship
“Like the trade that’s carried out using cargo ships, all trade – from the simplest to the most complex – works wonders. Trade allows each of us to turn our unique talents into the fruits of the talents of everyone with whom we trade.” ~ Donald J. Boudreaux
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Big Screen Price Discrimination
“If cheap front-row tickets bring people back to the theaters, let them come. The market will reveal whether AMC is in its final showing or ready for a remaster.” ~ David Gillette & Lauren Frazier
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Economic Freedom Matters! More Than You Think!
“Because the lies regarding GDP are concentrated in politically and economically unfree countries, any assessment of the importance of economic freedom to living standards will be biased favorably toward illiberal regimes, and against finding an effect of economic freedom.” ~ Vincent Geloso
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On Jobs
“When consumers’ tastes change, only entrepreneurs can successfully discover – in competition with each other – how to reallocate resources in ways that don’t result in a decline in living standards.” ~ Donald J. Boudreaux
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A Day in the Life of Homo Economicus
“While the concept of people as ‘optimizers’ is sometimes criticized as too reductive, too reliant on assumptions of ‘perfect information,’ it is nevertheless deeply, revealingly true.” ~ Paul Schwennesen
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Why Austrian Economists Are Not Employed as Policy Advisers
“The problem is not so much our reliance on economics as our reliance on politics. Politics insists that we must pretend to believe in the fiction of central direction of markets as effective policy.” ~ Michael C. Munger
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Modern Economics and What the Buddha Taught
“At its root, economic self-interest means taking responsibility for one’s own survival and material well-being; it means taking care of oneself so as not to burden society, which lays the foundation for a happiness based on achievement and self-worth.” ~ Robert Edward Gordon
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Two Ways Trade Creates Wealth
“You’ve heard the aphorism ‘one person’s trash is another person’s treasure.’ Trade turns trash into treasure by getting it out of one set of hands and into another.” ~ Art Carden
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