Topic: Economic Education

Want to Understand the Inflation Problem? Look to Harvey Road, Not Pennsylvania Avenue

– June 24, 2022

“A bipartisan generation of loose money and loose budgets has created major negative spillover effects, and today’s inflation problem is what we all have to show for it.” ~ Peter T. Calcagno & Edward J. Lopez

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Bad Explanations for Inflation

– June 23, 2022

“Hopefully, these lousy explanations will soon fade out of the public’s consciousness. We need to focus on what matters: a comparative abundance of money over goods. ” ~ Alexander William Salter

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Can The Fed Save Us?

– June 22, 2022

“The realities of Public Choice should make everyone think twice when asserting that the Fed or any agency should be doing something specific to fix the economy and that they will be able to make the right choice.” ~ Fernando M. D’Andrea & Ryan M. Yonk

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Lin Ostrom’s Defense of Voluntary Association

– June 22, 2022

“In her work, we find an empirical validation of the importance of Tocqueville’s voluntary associations, which he called the ‘fundamental science’ of democracy.” ~ Richard Gunderman

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Looking Back on the Publication and Reception of Democracy in Chains

– June 20, 2022

“I suspect that MacLean really believes that her fables capture and convey important truths. But whether in this assessment I am correct or incorrect, one conclusion is airtight: As a scholar, Nancy MacLean is an utter disgrace.” ~ Donald J. Boudreaux

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Frédéric Bastiat’s Fruitful Fusionism

– June 17, 2022

“Economists don’t know how to inculcate virtue in business elites, because, as victims of the moral confusion that MacIntyre diagnosed, they don’t know what virtue is.” ~ Nathan Smith

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FOMC Projects Even Higher Inflation

– June 17, 2022

“The Fed is not even committed to bringing inflation back down to 2 percent very quickly. The median FOMC member currently projects inflation will remain above target through 2024. We had better get used to high inflation. We will likely be dealing with it for years.” ~ William J. Luther & Morgan Timmann

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Chinese Antitrust Policy: Politics Over Economics

– June 16, 2022

“Chinese antitrust authorities may cite blackletter statutes, like its Measures for Cybersecurity Laws, to appear objective in enforcement and adjudication, but the ultimate check on their power is the will of the CCP, not the rule of law.” ~ Ethan Yang & Dorothy Chan

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This Old House Testifies to the Marvels of the Market Economy

– June 14, 2022

“It’s impossible to convey in words the amount of specialized knowledge, as well as the amazingness of modern building materials and tools, that are routinely, and entertainingly displayed in each and every episode of This Old House.” ~ Donald J. Boudreaux

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We Still Need Milton Friedman

– June 13, 2022

“Monetary policy should be about money—not specific markets, but their common denominator. The sooner we enlist Friedman to help ‘run the show,’ the faster we can clean up our economic messes.” ~ Alexander William Salter

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Paul Krugman and the “Ersatz” Theory of Private Currencies

– June 12, 2022

“Private paper currencies, including notes issued by ordinary commercial banks without the benefit of official guarantees, have never been driven to extinction by the mere presence of official alternatives.” ~ George Selgin

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Putting “Money” Back in “Monetary Policy:” A Response to Dan McLaughlin

– June 11, 2022

“The way we fix things is by carefully diagnosing demand-side and supply-side problems. When it comes to demand, we’re talking about central bank activity. Unfortunately, none of McLaughlin’s four points are in the ballpark.” ~ Alexander William Salter

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