Topic: Economic Education

Business Leaders Build Trust, Politicians Compel Compliance

– February 28, 2022

“While pursuing their interests, business leaders have an incentive to serve the welfare of others. Business leaders challenge their assumptions. Politicians act on unexamined assumptions and compel others to obey.” ~ Barry Brownstein

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Misjudging Nudging

– February 28, 2022

“The problem is not that we are allowed to make too many of our own choices. The problem is government, and the real solution is the opposite of what nudgers propose: expanding liberty.” ~ Gary M. Galles

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Efficiency Means More than Using the Existing Stock of Resources Well

– February 25, 2022

“In an open market economy, the stock of resources will never be fixed. The size and contents of that stock will change over time and that change is appropriately reckoned to be a result of the economic system.” ~ Donald J. Boudreaux

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What Can the US Learn from Argentina’s Inflation?

– February 24, 2022

“We can learn by looking at countries that have employed these strategies before. Inflation in the U.S. has been modest by Argentine standards. To keep it that way, the US must avoid repeating Argentina’s mistakes.” ~ Nicolás Cachanosky

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The Democracy Illusion

– February 20, 2022

“America is already far beyond what can be justified as advancing our mutual well-being. And our government seems determined to double down on how far it oversteps, a strategy which necessarily shrinks liberty, and the benefits only liberty can provide.” ~ Gary M. Galles

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Inflation Exceeds Fed’s Projection

– February 17, 2022

“I chalk it up to wishful thinking. Fed officials were not yet willing to tighten monetary policy. They hoped inflation would get better on its own. It didn’t, and their projections underestimated inflation as a result.” ~ William J. Luther

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Walter Williams: A Legacy of Liberty

– February 16, 2022

“Professor Williams’ research shows how powerful the concept of liberty is, and how it should remain a strong tool as America continues to race on its mission to provide opportunities for people around the world.” ~ John Sibley Butler

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In Respectful Disagreement with Alex Salter

– February 15, 2022

“While Alex is correct to note that cross-border trade doesn’t ensure against belligerence, it almost certainly does make such belligerence more costly and, hence, less likely. We abandon such trade at our peril.” ~ Donald J. Boudreaux

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Making Money Myths

– February 14, 2022

“NQA banknote systems have existed in the past. It follows that private NQA paper currency is perfectly possible. It might still be true, of course, that private NQA digital currency isn’t possible. But if I were you, I wouldn’t take Gary Gorton’s word for it.” ~ George Selgin

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Wilhem Röpke’s Civilization of Liberty

– February 11, 2022

“Yes, markets and constitutionalism are vital for a free society. But if you ignore, trivialize, or even try to expunge the civilizational roots of liberty, dystopia and tyranny will surely follow.” ~ Samuel Gregg

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The Organ Shortage

– February 10, 2022

“From an economic perspective the decades-long organ shortage has a simple cause: paying organ donors is illegal. Price controls predictably produce shortages.” ~ Daniel Sutter

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What Economics Can Tell Us About Mandating Vaccines

– February 9, 2022

“The question as to whether the vaccine should be mandatory begins with economics. What economics clearly tells us is that, at its root, this question revolves around property rights.” ~ Antony Davies

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