Topic: Economic Education

Economic Education, Government, Public Choice and Public Policy, Religion

Jubilee and Student Loan Forgiveness

– September 16, 2022

“Today, we have modern governments, which have significantly more power to tinker with economic incentives, monitoring and enforcing policies that ostensibly benefit the commonweal.” ~ Michael D. Thomas and Anthony Gill

Books, Economic Education, Economic Theory

Wanted: Economic Literacy

– September 14, 2022

“Economics is in a very real sense a way of thinking that is continuously enlightening to whomever masters that science. It is not about memorizing lemmas or models, or of learning technically sophisticated methods. It’s something much more fundamental: an understanding of how the world works.” ~ Per L. Bylund

Economic Education, Free Markets, Regulation

A Reflection on Bastiat’s “What Is Seen and What Is Not Seen”

– September 13, 2022

“Why does human reason so readily reveal even to people untutored in economics some unseen but real consequences, while it routinely fails to reveal others?” ~ Donald. J. Boudreaux

Central Banking, Currency, Economic Education

Modeling the Money Supply

– September 9, 2022

“We have to be very careful about generalizing across money and banking regimes. Many features of one system don’t translate to others. Depending on the ‘rules of the game,’ the supply of money responds to the price of money in very different ways.” ~ Alexander William Salter

Economic Education, Free Markets, Socialism

A Way Out

– September 8, 2022

“It will take about 90 years for the phase-out plan to completely pay for itself. But, it took Social Security almost a century to dig the hole in which we now find ourselves.” ~ Antony Davies

Currency, Economic Education, History

How Common Has Private Currency Been?

– September 6, 2022

“Private banknotes can still be found in Scotland, Northern Ireland, Hong Kong, and Macau, where they have not yet been banned or taxed out of existence.” ~ Lawrence H. White

Books, Economic Education, Science

Climate and COVID ‘Science’

– September 4, 2022

“The belief that science is a source of complete and godlike knowledge is not merely mistaken, it’s a toxic fuel of authoritarianism when it’s combined with the false understanding of social problems as being a science project to be ‘solved’ by persons in power.” ~ Donald J. Boudreaux

Economic Education, International, Regulation

How the Swedish Labor Market Really Works

– September 4, 2022

“The Swedish private-sector labor market is unusual, even compared with other European countries. It is undergirded by coercion, creating a framework or model. That model is not something for countries like the United States to try to emulate.” ~ Charlotta Stern

Art and Culture, Economic Education, Free Markets

Why Warner Bros. Sunk Batgirl

– September 1, 2022

“The company likely believes the cost is greater than the benefit. And given the recent track record of DC movies, I don’t doubt they’re right.” ~ Peter Jacobsen

Economic Education, Government, Regulation

Then a Miracle Occurs…

– August 31, 2022

“It is inexcusably unscientific for economists (or any one, for that matter) to merely assume that government will perform miracles. But this is exactly what they assume.” ~ Donald J. Boudreaux

Central Banking, Economic Education, Monetary Policy

Understanding the Basics of Money Demand

– August 23, 2022

“If nothing else, a cash-balances interpretation of the equation of exchange can help us better understand the relationship between the money supply and nominal income.” ~ Alexander William Salter

Central Banking, Economic Education, Inflation, Monetary Policy

The Fed Needs a Single Mandate

– August 22, 2022

“A purchasing target would direct the Fed towards an achievable goal that would improve American households’ material wellbeing. Legislators from both parties should make a single Fed mandate a key part of their agendas.” ~ Thomas L. Hogan & Alexander William Salter