handshake

Coase and Covid: The Spectrum

– September 22, 2020

“When we take account of the full costs of lockdowns and related mandates, including the pernicious precedents these inevitably set, it’s clear that the lowest-cost – the best – source of protection against disease such as Covid-19 is personal responsibility.” ~ Donald J. Boudreaux & Lyle D. Albaugh

READ MORE
money tree

Milton Friedman and the New Attack on Freedom to Choose

– September 22, 2020

“If the paternalistic policies and the ideological arrogance and intolerance behind these counterrevolutionaries against freedom and the free market fully prevail, the liberty that we still possess will be even more greatly curtailed than at present, as those who call for the ‘social responsibility’ of business restrict our remaining freedom to choose.” ~ Richard M. Ebeling

READ MORE
free to choose

Free to Choose After Forty Years

– September 21, 2020

“Free to Choose holds up very well even after forty years. Friedman’s analysis still holds, and it’s interesting to see (for example) how the rhetoric of the opposition to educational choice hasn’t really changed. Free to Choose does more than show that freedom works. It explains why, and it does so memorably.” ~ Art Carden

READ MORE
avalanche

An Avalanche of Failure

– September 21, 2020

“When the feedback mechanism of personal interaction is overruled by a grand scheme, even if it is noble and (seemingly) virtuous, there can be strong negative results that cause the central planner to double, triple, or quadruple down on his failed scheme, resulting in even more problems.” ~ Jon Murphy

READ MORE
liberty

Why Principles Still Matter in a Pandemic

– September 19, 2020

“A healthy and prosperous society is not guaranteed by the size of its wealth, the capabilities of its technology, or the perceived intelligence of its experts. Rather it is upheld by the promulgation of ideas. Ideas rooted in free enterprise, limited government, individual dignity, and the rule of law. America, the most powerful polity in human history, brought itself to its knees by turning on these proven principles in the midst of a pandemic that freer countries handled far better.” ~ Ethan Yang

READ MORE
pelosi, schumer

Be Serious, You Don’t Solve Lockdowns With More Central Planning

– September 18, 2020

“Stated simply, the economy is weak because politicians imposed command-and-control lockdowns, and having done that, they poured gasoline on a fire of their own making with trillions more in spending. Let’s not vandalize common sense with more of what’s already failed. The only economic relief is an end to the lockdowns.” ~ John Tamny

READ MORE
smashcapitalism

A Comment on the New History of Capitalism

– September 18, 2020

“Much of the current debate revolves around an emergent historiographical school. Usually referred to as the ‘New History of Capitalism’ (NHC), this school has produced a sizable body of research contending that the institution of slavery was a central building block of American capitalism. At the same time however, the NHC literature has come under intense criticism from economic historians who have long studied the same subject, and who question both its use of evidence and its conclusions.” ~ Phillip W. Magness

READ MORE
tax, government, business

New Jersey’s Transaction Tax Grab

– September 17, 2020

“The way in which political figures view financial markets are a litmus test for their overall understanding of economics.” ~ Peter C. Earle

READ MORE
coffee

What’s the Right Mix of Money and Drugs for Your Employees?

– September 17, 2020

“There isn’t a ‘right’ combination of wages, benefits, and other perquisites, and the pattern of things that ‘work’ for people is not planned by a central authority. It emerges from trial and error in the market.” ~ Art Carden

READ MORE
astronauts

NASA is Paying for Moon Rocks. The Implications for Space Commerce are Huge

– September 16, 2020

“In ancient times, mankind extended the division of labor across tribes, turning enemies into friends. Later came trade across national boundaries, with similar largely peaceful effects. Now, humans are prepared to extend it still further: into the final frontier. Doux commerce is coming to the stars. NASA just made a ‘giant leap for mankind.’ Everyone who cares about human wealth and welfare should heartily thank them.” ~ Alexander W. Salter & David R. Henderson

READ MORE

Yes, 2021 Could Be Worse

– September 16, 2020

“Buck up, buckaroos, because 2021 is just a cultural construct anyway. The world will improve not on an arbitrary day but when you all decide to make it a better place.” ~ Robert E. Wright

READ MORE
women, shopping, economic impact

Deeply Impacting the Economy

– September 15, 2020

“When the world suddenly changes, we want an economic system that adjusts and reflects our updated knowledge and desires. That requires prices to move, quantities to change, bankruptcies to occur and a whole lot of profiteering – whether in our world or in fictional worlds.” ~ Joakim Book

READ MORE