Topic: Economic Education

Economic Education, Free Markets, Government

Understanding GDP

– February 8, 2022

“GDP is a crude measure of economic performance, but it captures a tremendous amount of information in a single number. It provides a one-dimensional measure of the output of a complex and multidimensional modern exchange economy.” ~ Robert F. Mulligan

Capitalism, Economic Education, Free Markets

Capital v Labor: The Great Decoupling

– February 8, 2022

“The most seasoned enemies of capitalism are going to have to search for another narrative since the narrative of the Great Decoupling and the growing power of capital over labor lacks empirical and theoretical support.” ~ Daniel Fernández

Central Banking, Cryptocurrency, Economic Education

Missed it by That Much: Where the Fed’s Digital Currency Proposal Goes Wrong

– February 7, 2022

“Whereas the sCBDC plan allows for numerous, entirely distinct retail digital currencies, the Fed’s iCBDC plan provides for a single digital currency only, albeit one offered at and administered by numerous private-sector firms.” ~ George Selgin

Crisis, Economic Education, Government, Healthcare, Public Choice and Public Policy

Covid-19’s Ratchet Effect is Becoming Endemic

– February 7, 2022

“Crises end, but newly designated powers and increased budgets governments receive throughout seldom end with them. Instead, government power exhibits a ratchet effect, never diminishing to pre-crisis levels.” ~ Raymond J. March

Books, Economic Education, Government

A Review of Weber’s Bureaucratic Method and Why Today’s Bureaucrats Should Take Note

– February 6, 2022

“While organizations today would likely be stunted by Weber’s assertions for rules and rigidity, political pundits may be kept better in line and on task if they were to be managed properly in structural reform and with a hefty amount of accountability.” ~ Kimberlee Josephson

Economic Education, Government, Healthcare, Public Choice and Public Policy, Science

What Can Hayek Say About Public Health?

– February 5, 2022

“Public health as art, following Hayek, becomes a social science, or the study of how people make choices based on their values and tacit knowledge, how they interact with others, and how those behaviors and interactions influence health.” ~ Byron B. Carson III

Classical Liberalism, Economic Education, Free Markets

Walter Williams: Common Sense, Controversial, Radical

– February 2, 2022

“Williams pressed hard for individual freedom and personal accountability. We need freedom to make our own choices, for better or for worse. Sometimes, we make bad choices, which sometimes lead to bad outcomes.” ~ Ramon P. DeGennaro

Crisis, Economic Education, Government

Covid Paycheck Protection Program: Promises Not Kept

– January 31, 2022

“The fact that PPP was poorly thought through, recklessly implemented and administered, and ended up benefiting those who are least likely to need it is, for politicians and bureaucrats, a feature, not a bug.” ~ Veronique de Rugy

Economic Education, Free Markets, Government

Complexity in the Service of Simplicity

– January 31, 2022

“Competition both contributes to, and relies upon, the modern economy’s enormous and largely unseen complexity. The modern economy can well be described as ever-increasing complexity in the service of ever-more simplicity.” ~ Donald J. Boudreaux

Economic Education, Government, Inflation, Monetary Policy

Greedy Corporations and Inflation

– January 29, 2022

“Only a monetary policy geared to reduce inflation will be effective in reducing inflation. This is as true now as when the Federal Reserve lowered inflation in the early 1980s.” ~ Gerald P. Dwyer

Crisis, Economic Education, Government, Healthcare, Public Choice and Public Policy

New Covid Variant – Same Government Blunders

– January 28, 2022

“We know that mistakes in allocating medical goods to treat patients only make a challenging situation worse. The government has made many of these mistakes, and it doesn’t seem to be learning from them.” ~ Raymond J. March

Books, Economic Education, Socialism

Thomas Piketty Strikes Again

– January 27, 2022

“The obvious problem is that Piketty has his own sacrosanct vision, one where a powerful central government orders people about so that they don’t interfere with the grand scheme of equality.” ~ George Leef