“The underappreciated role of economic freedom and institutions in the determination of intergenerational income mobility is probably one of the most problematic omissions of the literature on income mobility. ” ~ Vincent Geloso
READ MORE“Free trade does indeed enrich the world. But it also, and chiefly, enriches the people of each country that practices it, regardless of the policies pursued elsewhere.” ~ Donald J. Boudreaux
READ MORE“Van Gogh sought through his art to throw open the prison doors and liberate those trapped in a mode of life that regards others strictly in terms of economic value.” ~ Richard Gunderman
READ MORE“Once the reality of a libido for the superficial is admitted, many phenomena are better understood. For example, it’s easy to understand, and excuse, intellectually unengaged people falling for protectionist fables.” ~ Donald J. Boudreaux
READ MORE“Lessons around the division of labor that stop with Smith’s description of the multiple human tasks miss his largest lesson: it is the human imagination that is most responsible for ongoing economic growth, not the dividing of manufacturing into separate tasks.” ~ Craig J. Richardson
READ MORE“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
READ MORE“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
READ MORE“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
READ MORE“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
READ MORE“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
READ MORE“The economic incentives provided by private competitive markets where people are left free to make their own choices make bountiful feasts possible.” ~ Benjamin Powell
READ MORE“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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