Topic: Economic Education

Economic Education, Free Markets, Healthcare, Public Choice and Public Policy

A Market for Mosquito Control?

– May 23, 2022

“In addition to the standard factors of mosquito control, perhaps we should consider the role economic freedom plays. Such institutions enhance competition, encourage innovation, and lead to more opportunities to kill mosquitoes.” ~ Byron B. Carson III

Crisis, Economic Education, Government

All Costs Considered

– May 21, 2022

“When facing calls to ‘do something’ no matter the cost, we must remember that there is no magic wand, nor are there solutions, only trade-offs.” ~ David Gillette & Caroline Wright

Economic Education, Free Markets, Government, Unemployment

Reducing Unemployment Is Not a Free Lunch

– May 17, 2022

“Every attempt by government to ‘stimulate the economy’ intensifies employers’ and workers’ expectations that slowing sales and losses of jobs will be cured by government-engineered increases in aggregate demand.” ~ Donald J. Boudreaux

Economic Education, Government, Taxation

Income Distribution and Inequality

– May 16, 2022

“Invariably, however, the proposed solution to any form of income inequality has been an indiscriminate and highly punitive progressive tax on all income and wealth, regardless of how it was earned.” ~ Robert F. Mulligan

Economic Education, Free Markets, History

Which Economists Should Have Gotten Nobels Before They Died?

– May 15, 2022

“None of them won the profession’s ultimate honor, however, even though all were deserving. As more and more deserving economists move into their 70s, 80s, and 90s, I can only hope this list doesn’t get longer.” ~ Art Carden

Art and Culture, Economic Education, Government, Monetary Policy

A Drinking Man’s Guide to Monetary Policy

– May 14, 2022

“Just like drinking, expansionary monetary policy can provide a temporary (or transitory) high at first (faster real output growth and reduced unemployment). However, the ill effects come later (in an inflation “hangover”).” ~ Gary M. Galles

Economic Education, Free Markets, Government, International

Rent Selling Countries are More Corrupt and Less Wealthy

– May 13, 2022

“The real cronies are those who demand and supply interventionism. Despite their claims, they can’t get money out of politics, or reduce corruption, because they’re so eager to inject politics into money-making.” ~ Richard M. Salsman

Economic Education, Inflation, Monetary Policy

The Federal Reserve’s Moving Target

– May 13, 2022

“If persistent deviations from the Federal Reserve’s target can be costly in terms of resource misallocation, imagine the costs associated with simultaneous fluctuations in both inflation and its target for inflation.” ~ Joshua Hendrickson

Central Banking, Economic Education, Inflation, Media

When Should the Federal Reserve Have Moved on Inflation?

– May 12, 2022

“Last month, I joined Caleb Brown on the Cato Daily Podcast. We discussed how inflation—and our understanding of inflation—evolved over the last year, when the Fed should have moved on inflation, and how much grace the Fed deserves when we evaluate its monumental miss.” ~ William J. Luther

Economic Education, Foreign Aid, Government, International

The Folly of Debt Cancellation

– May 10, 2022

“Discharging foreign debt undermines financial institutions, distorts prices, redistributes resources, and impairs the integrity of all parties. It also risks becoming the default practice, as political choices undertaken under exigent circumstances all too frequently do.” ~ Peter C. Earle

Economic Education, Free Markets, Government

Your Argument Implies…

– May 9, 2022

“Because no protectionist can possibly explain how prosperity is increased by arranging for resources to be so wasted, every protectionist argument in the end is an instance of illogical stupidity, pure and simple.” ~ Donald J. Boudreaux

Books, Economic Education, History

Power Economics

– May 9, 2022

“The writings and activities of ordoliberalism’s first generation remind us that grasping power’s pivotal role in any economy is crucial for understanding economic conditions as well as for developing strategies for advancing values like liberty and rule of law.” ~ Samuel Gregg