Is the Debt Ceiling Lunacy?
“Unconstrained politicians are likely to authorize more borrowing than they should. The debt ceiling might provide a useful—if somewhat limited—constraint against excessive borrowing.” ~ William J. LutherREAD MORE
Book Review: How the “Chip War” Vindicates Economics
” Miller’s book exemplifies good, evidence-driven economic research. By educating the reader on the essential developments of the semiconductor industry, he inadvertently vindicates multiple economic thinkers and principles.” ~ Robertas BakulaREAD MORE
Be Grateful that First Responders and Teachers Earn Far Lower Incomes Than Sports Stars and Hollywood Actors
“The fact that first responders and teachers are paid so little relative to professional athletes and Hollywood stars is a feature of our world and economy; it’s not a bug. This reality deserves our gratitude.” ~ Donald J. BoudreauxREAD MORE
China: House Divided
“To paraphrase Abraham Lincoln, the Chinese commercial state cannot stand divided against itself. China will not cease to exist, but it will cease to be divided. It will become all authoritarian, or it will become capitalist.” ~ Michael MungerREAD MORE
Choosing to Remain in the Global Market Economy
“People who have actually experienced the ‘security’ that comes from insulation from market forces understand that the price they pay for this ‘security’ is far too high.” ~ Donald J. BoudreauxREAD MORE
Four Ways to Get What You Want
“For most of our existence, life was solitary, poor, nasty, brutish, and short for pretty much everybody. Then we became a society of traders rather than a society of raiders.” ~ Art CardenREAD MORE
What Accounts for All This Stuff?
“For anyone who is aware of the indescribable complexity and enormous productivity of the global market economy, nothing does more to drain credibility from capitalism’s critics than these critics’ apparent ignorance of this complexity and productivity.” ~ Donald J. BoudreauxREAD MORE
A Dispatch From the Corporatized Dystopia: Bring on the Chains!
“If there’s still money to be made, consumers are voting for more, and it is not my prerogative, nor yours, or Bernie Sanders’, or anyone else’s to suppress those votes.” ~ Art CardenREAD MORE
Yes, Twelve Dollars Is a Good Price for Two Batteries–Under the Right Conditions
“Economists are wary of the word ‘need;’ whether you need something or not is context-dependent, and I’m always amazed at how much my kids’ ‘needs’ change when they’re paying with their money rather than mine.” ~ Art CardenREAD MORE
Who is “Accountable” to Whom?
“When people talk about ‘holding corporations accountable,’ they usually mean ‘accountable to observers with no serious stake in what they are doing and who bear no meaningful personal cost if their calls for accountability are misplaced.'” ~ Art CardenREAD MORE
Evidence that Economic Freedom Improves Outcomes
“The four most recent decades of evidence support the claim that Thomas Jefferson made twenty-two decades ago: societies achieve the best outcomes when their governments prevent people from harming each other, but otherwise leave them alone.” ~ Antony DaviesREAD MORE
The Economics of Mending Wall
“Robert Frost’s masterful poem gives economists and students many opportunities to learn about property rights, self-governance, and peaceful cooperation.” ~ Byron B. CarsonREAD MORE