Should Universities Around the World Use English?
“The choice of language affects how and what we learn. Domestic conditions are easier to describe in one’s native language, and therefore have more room to breathe when discussed in the native language.” ~ Eva Forslund & Magnus Henrekson
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Schrodinger’s Demand Curve: Elastic or Inelastic?
“Elizabeth Warren may be right that immigration has been a ‘vital source of American strength.’ But if so, minimum wage hikes only serve to undermine that vitality.” ~ Zachary Shuter
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Does Wealth Ooze?
“The world that I hypothesize is believed by today’s well-meaning proponents of racist policies is wholly fictional. Wealth does not ooze automatically and ineluctably from some mysterious wealth-producing engine.” ~ Donald J. Boudreaux
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Helping Banks Help Themselves: Extended Shareholder Liability
“The best way to reduce systemic risk is to give the risktakers the incentive to economize on risk. An extended liability regime for banking is a simple and elegant way to improve incentives. We should seriously consider it.” ~ Alexander William Salter
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Fake Science Fuels Climate Extremism
“Following the habits of good science is a good idea, but following the dictates of people who call themselves scientists is not the same thing. Climate change might be real, but there are good reasons to reject calls for draconian policies that fail cost-benefit tests.” ~ David Barker
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Government Is Largely Guesswork
“Unlike actions taken in markets, even the best government actions carried out in the most appropriate circumstances are guided by little more than guesswork.” ~ Donald J. Boudreaux
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Getting W.H. Hutt’s Life And Work All Wrong
“Their argument falls apart under scrutiny. The version of Hutt they present is like the version of Buchanan that MacLean presents in her book Democracy in Chains: an unrecognizable caricature.” ~ Art Carden
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We Have Lifeboat Minds, But We Live in a Walmart World
“Our evolved, atavistic response is that we don’t like the price mechanism, and we resent our dependence on a complex system operating in the background, without anyone being ‘in charge.'” ~ Michael C. Munger
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Economic Essentials and Economic Errors
“Economics has sometimes been described as ‘the painful elaboration of common sense,’ and while I don’t think ‘painful’ is accurate, economics often just applies common sense.” ~ Art Carden
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Economic Literacy for Everyone
“Economic literacy can create positive change, as it shapes our decisions and opens our minds. Here’s hoping this short book finds its way into many hands for years to come.” ~ David Waugh
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The Backwards Insinuation That Amazon Hires ‘Dangerous Truck Drivers’
“The reality is that Amazon invests tens of billions every year with a goal of improving working conditions and pay, and does so – yes – with an eye on the ‘bottom line.’” ~ John Tamny
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Incentives, Not Courts, Improve Health
“In competitive labor markets, workers and employers cooperate to produce valuable goods, such as healthcare. Workers and employers who fail to produce such goods will tend to earn lower wages and/or lower profits.” ~ Byron B. Carson III
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