There’s No Natural ‘Carrying Capacity’ for the Human Population: An Essay Inspired by the Happy News that the Human Population Has Reached Eight Billion

– November 30, 2022

“We don’t obtain resources from an existing stock created for us by nature, leaving fewer resources available for use tomorrow each time we withdraw some amount for our use today. Instead, resources are ultimately fruits of the human mind and effort.” ~ Donald J. Boudreaux

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I, Travel: In Wonder at the Achievements of a Free Society

– November 28, 2022

“At the beginning of his classic essay “I, Pencil,” Leonard E. Read quoted G.K. Chesterton as saying, ‘we perish for want of wonder, not for want of wonders.’ Commercial society is a wonder that produces other wonders, and we should wonder at it.” ~ Art Carden

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Aggregate Demand and Aggregate Supply: Keep It Simple, Stupid!

– November 28, 2022

“This simple model is a good first approximation to aggregate economic performance. Economists know this. Unfortunately, they sometimes ignore it for partisan reasons.” ~ Alexander William Salter

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Hertz So Good

– November 27, 2022

“When businesses misbehave, they count on the customer not fighting back, grumbling, and complaining that they’ll never do business with them again. One way this stops – perhaps the only way it stops – is if customers use the legal system to fight back.” ~ Chris W. Surprenant

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2022: The Year the “Lodger Evil” Came to Kansas and Made Housing Less Affordable

– November 26, 2022

“If we’re serious about more affordable housing, we will cut the red tape by doing away with building restrictions and parking requirements. Until then, chatter about ‘affordable housing’ is just a lot of words.” ~ Art Carden

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The Pilgrims’ Real Thanksgiving Lesson

– November 24, 2022

“The economic incentives provided by private competitive markets where people are left free to make their own choices make bountiful feasts possible.” ~ Benjamin Powell

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Poverty’s End?

– November 22, 2022

“Poverty in the United States is not extreme poverty, not by a long shot. And extreme poverty in the rest of the world is vanishing, bit by bit, day by day. And for that, we have economic freedom to thank.” ~ Antony Davies & James R. Harrigan

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Economics Is a Walk in the Park

– November 20, 2022

“It’s a bit of a stretch to suggest that there isn’t a ‘human nature’ that responds to incentives, makes choices in the face of scarcity, and so on. If even the ducks and pigeons respond to incentives, people may do so too.” ~ Art Carden

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Capitalism’s Cure for Economic Sins

– November 18, 2022

“Anyone who takes economic ideas and their moral implications seriously would do well to clear space on their bookshelf for Seven Deadly Economic Sins.” ~ Richard Morrison

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Taxes, Special Privileges, and “Private Enterprise”

– November 17, 2022

“Income, corporation, and capital-gains taxes are taxes on the general welfare. Also harmful to the public welfare are protective tariffs and similar restrictions on how people may peacefully spend their own money.” ~ Donald J. Boudreaux

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Let Them Compete: Labor Markets Are Workers’ Friends, Not Their Enemies

– November 17, 2022

“Workers compete with one another for jobs, but firms compete with one another for workers. When people are allowed to compete, one’s folly becomes another’s opportunity.” ~ Art Carden

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You Buy From Other Consumers, Not From Producers

– November 15, 2022

“Attempts to ‘manage’ or ‘plan’ prices do nothing to address the real problem of scarcity, and often make scarcity worse. Price controls are a restriction on the ability of other consumers to have their needs met, and that’s just wrong.” ~ Michael Munger

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