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“A ‘good’ industrial policy is impossible in a democracy. Progressives who want industrial policies don’t have that position only because they mistrust markets. Progressives mistrust democracy, and always have.” ~ Michael C. Munger
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“The key point is that it is the central bank’s willingness to help finance government spending, not the spending itself, that drives inflation. In short: inflation remains a monetary phenomenon.” ~ Bryan Cutsinger
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“Market economies fuel incredible prosperity and the holidays provide useful examples of how we are better off today than a few decades ago. Consider the Christmas gifts and decor of years past, once deemed luxuries, now everyday goods.” ~ Laura Williams & David Waugh
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“Would our lives be better were land, labor, and capital still tied up making New Coke and Crystal Pepsi? People have voted pretty overwhelmingly and answered ‘no.'” ~ Art Carden
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“Theorizing usefully about trade and other economic phenomena isn’t especially difficult, but doing so does indeed require care, wisdom, and humility.” ~ Donald J. Boudreaux
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“Suppressing people’s votes in the marketplace for the benefit of those who think themselves entitled to a comfortable life at another’s expense, or for those who really know what is good for other people, does not help the suppressed voters.” ~ Art Carden
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“It’s hard not to be sad about the passing of old, personalistic cultural tropes. But entrepreneurs exploiting microphone technologies on digital platforms are going to wipe out most of them. And it’s just as well, because we could never make that much pizza.” ~ Michael C. Munger
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“Worse than simply refusing to see our self-deceit, we feel morally justified in transgressing against others. Smith was right, self-deceit is responsible for much of the suffering of humanity.” ~ Barry Brownstein
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“In this episode of Liberty Curious, Kate Wand sat down with Samuel Gregg, Distinguished Fellow in Political Economy and Senior Research Faculty at the American Institute for Economic Research, to discuss how to repair what’s broken with the American economy.” ~ AIER
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“If my choices are to have wealth but no job, or to have a job but no wealth, I’d rather have the wealth. But we don’t have to choose: we can have both wealth and jobs, if we don’t go around breaking all the darned windows.” ~ Michael C. Munger
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“As consumers, we must remember that in a market-based system, consumers determine what is of value, what is demanded, and what is consumed. To maintain such authority, we would be wise to use our wallets, rather than Washington cronies, to curtail costs.” ~ Kimberlee Josephson
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“Until states decide to impose a strict spending limit based on a maximum rate of population growth plus inflation, cut and eliminate burdensome taxes, and scrap burdensome regulations, economic freedom will continue to collapse.” ~ Vance Ginn
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