Topic: Economic Education

Authoritarianism, Economic Education, Free Trade, Government

Microchips and Potato Chips

– March 30, 2022

“The fact that we produce more Z doesn’t imply that we thereby can afford to acquire and use more Z. This reality is inescapable whether ‘Z’ stands for potato chips or for microchips.” ~ Donald J. Boudreaux

Central Banking, Economic Education, Monetary Policy

Who Needs the Dual Mandate?

– March 28, 2022

“The American public understands inflation and policymakers have a reasonable degree of control over it. When choosing a policy rule, we need humility first and foremost. Let’s stop asking the Fed for more than it can deliver.” ~ Alexander William Salter

Central Banking, Economic Education, Government, Monetary Policy

How the Fed Painted Us into a Corner

– March 19, 2022

“Over the months and years to come, it will be very interesting to see how faithfully the Fed pursues its policy of returning interest rates to normal and sustainable levels—approximately 3-4 percent for the federal funds rate.” ~ Robert F. Mulligan

Economic Education, Free Markets, Government

When “Big Business” Revitalizes the Neighborhood

– March 19, 2022

“With the reopening of Whole Foods, the big in Amazon is bringing energy to a neighborhood that had lost it. It’s also rushing a much better future into the present; one that will force competitors to either advance, or be replaced.” ~ John Tamny

Central Banking, Economic Education, Inflation, Monetary Policy

FOMC Projects Higher Inflation

– March 18, 2022

“Fed Chair Jerome Powell’s November statement killed the idea that inflation would be transitory. The most recent projections from the FOMC show how deeply that idea has been buried.” ~ William J. Luther & Morgan Timmann

Economic Education, Free Markets, Government

Why Size Matters, Dependency Debilitates, and Markets Must Be Left Alone

– March 17, 2022

“Let’s bring on the capitalists who can promote value creation and who can champion the virtues of voluntary exchange, since this will allow for not only a rebound but a rebirth of the American economic system.” ~ Kimberlee Josephson

Economic Education, Government, History

The Value of Federalism for Our Freedom

– March 16, 2022

“Lovers of liberty and freedom need to rediscover the force of federalism in resisting the ever-growing reach of centralized political determination, which is tyranny, even if it is tyranny of the majority.” ~ Gary M. Galles

Crisis, Economic Education, Government

The CEO

– March 15, 2022

“With such bizarre beliefs being so widespread, it’s no wonder that millions of Americans can listen to the likes of Joe Biden and think ‘Yeah! Our national government is in the hands of a competent CEO!’” ~ Donald J. Boudreaux

Economic Education, Free Markets, Government, Inflation

How to Think about Inflation

– March 13, 2022

“If we want to understand inflation, we need a framework to organize our thoughts. Economies are fiendishly complex; without a model that helps us focus on the relevant details, we’re lost in the woods.” ~ Alexander William Salter

Cryptocurrency, Economic Education, Energy

Thinking Straight about Bitcoin’s Social Costs and Benefits

– March 13, 2022

“To view Bitcoin transactions as problematic, as a cost rather than a benefit, would be to view things like a state advocate rather than like a consumer advocate.” ~ Lawrence H. White

Economic Education, Government, Unemployment

Understanding Unemployment

– March 12, 2022

“The real impact of recession is felt directly on the unemployed and their families, in lost income, lost opportunities, and a host of social problems, including impaired mental health, domestic violence, and substance abuse.” ~ Robert F. Mulligan

Economic Education, Government, International, War and Peace

Ludwig von Mises’s Free Market Agenda for a Postwar Ukraine

– March 10, 2022

“Ukrainians will have to not only rebuild their country but decide which ideology will be the foundation for their country’s future. The ideal one would be Ludwig von Mises’s proposed ideology of a ‘perfect free market economy.'” ~ Richard M. Ebeling