beautiful

The Formula for a Richer World? Equality, Liberty, Justice.

– October 3, 2020

“Ideas are not all sweet, of course. Fascism, racism, eugenics, and nationalism are ideas with alarming recent popularity. But sweet practical ideas for profitable technologies and institutions, and the liberal idea that allowed ordinary people for the first time to have a go, caused the Great Enrichment. We need to inspirit masses of people, not the elite, who are plenty inspirited already. Equality before the law and equality of social dignity are still the root of economic, as well as spiritual, flourishing—whatever tyrants may think to the contrary.” ~ Deirdre McCloskey

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George Melloan, a Giant at the Wall Street Journal, Has Died

– October 2, 2020

“Melloan wrote with calm and elegant prose but underneath that smooth easy-reading style was a wonderful warrior for truth, a man with a passion for improving the world through freedom and ever evolving cascades of human achievement and dignity. How I long for that vision to come back! It seems almost extinct today on both the right and the left, and tragically so.” ~ Jeffrey Tucker

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bright america

Is America in Decline?

– October 2, 2020

“America cannot be the literal Top Nation forever, nor should it be, nor does it matter. Being smart and hardworking and fulfilled are what matter, not tiny percentage differences of income between rich countries, 10 percent plus or minus. America is not declining. In the modern world, no income per head actually declines in absolute terms, unless through war or socialism.” ~ Deirdre McCloskey

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federal reserve, fall

What Should the Fed Do Now?

– October 1, 2020

“As cities and states ease their lockdowns and restrictions, the Fed should continue to support the recovery with accommodative monetary policy. As Powell described, ‘A full economic recovery is unlikely until people are confident that it is safe to reengage in a broad range of activities.'” ~ Thomas L. Hogan

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bitcoin

Bitcoin Financial Literacy and Crypto-Twitter

– September 30, 2020

“It is sad to see an excited gambler sell their house to go all-in on a longshot, whether that be on lottery tickets or on cryptocurrencies. It is shameful to encourage such behaviors. Cryptocurrencies like bitcoin are a game. Play responsibly.” ~ J.P. Koning

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sweden shopping

The Swedish Bumblebee

– September 30, 2020

“On economic well-being, it’s clear that a country with an invasively large government sector and extraordinarily high taxes can still perform well. In the corona debates, the simplified story that lockdowns prevent spread and open societies kill people should be relegated to the dustbin of impressive theories at odds with reality.” ~ Joakim Book

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A Plea for Checks

– September 29, 2020

“Private organizations, whether for- or nonprofit, have to be ahead of the times in order to survive in a world of cutthroat competition. (Or cabal as Smith warned.) To see what the future holds, look to businesses and nonprofits. They would be even further ahead if they did not have to constantly worry about meddling politicians coming up from behind.” ~ Robert E. Wright

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commerce

An Inalienable Human Right to Commerce

– September 29, 2020

“Tyrannical COVID-19 policies make clear: a formal, inalienable Human Right to Commerce is long overdue” ~ Peter C. Earle

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davos, elites, planning

Stakeholder Fascism Means More Loss of Liberty

– September 28, 2020

“Like other forms of imposed central planning over the last one hundred years, Stakeholder Fascism would only lead to tyranny, poverty, and the greater loss of liberty and freedom to choose.” ~ Richard M. Ebeling

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Sos, Venezuela

Human Gullibility

– September 28, 2020

“Economic reasoning, facts, and the actual history of industrial policy and antitrust, compared to that of free markets, do nothing to quell the fervor for vastly enlarged and more vigorous state control over the economy. As Niemietz thoroughly documents, zeal for replacing commerce and cooperation with coercion and commands does not come from a rational place in the human mind. This zeal is not the product of reason; it’s an instance of religion.” ~ Donald J. Boudreaux

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UK Harbor

Trade Negotiations: A Fish Story

– September 27, 2020

“A hands-off policy runs contrary to a politician’s every instinct. Every bone in their body tells them they must ‘do something’ to justify their votes and campaign contributions. They respond to the loudest voices, the fishermen in our example, and the deepest pockets. As always, the answer lies in improving our understanding of theory and history and applying our knowledge and communication skills to the issues of the day.” ~ Warren C. Gibson

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exchange

Money, Markets, and Economic Order

– September 26, 2020

“Provided there is widespread social respect and protection for the institution of private property, we can have both markets and money, and the material bounties they create. But if we fiddle with markets and money, for example by conducting misguided political experiments, we jeopardize the very roots of our economic well-being.” ~ Alexander W. Salter

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