Topic: Economic Education

Art and Culture, Economic Education, Free Markets

What You Can Learn On a Long Walk to American Girl

– November 29, 2021

“Shopping malls offer economic truths beyond their just being shopping locales. They’re in reality economic ecosystems that explain how economies work well outside their walls. A long walk to American Girl vivifies this truth with ease.” ~ John Tamny

Economic Education, Free Trade, Regulation

Is Free Trade Elitist?

– November 29, 2021

“Intellectuals almost always feature prominently on any side of any debate over any issue. Free trade is nothing more, or less, than freedom and fairness. The notion that it is an elitist scheme is a grotesque canard.” ~ Donald J. Boudreaux

Art and Culture, Economic Education, Free Markets

Economics and the Picture Show, Part Two

– November 28, 2021

“Casablanca is a political econo-drama trading in the existential currency of life, death, and love couched in the aesthetic aspirations of art.” ~ Robert Edward Gordon

Economic Education, Free Markets, Government, Unemployment

Americans Don’t Hate Work, They Hate the Workplace

– November 27, 2021

“We can build alternative institutions and parallel economies that create opportunities for hard-working Americans who won’t be pushed around.” ~ Austin Stone

Art and Culture, Economic Education, Economic Theory, Free Markets

How Hayek Can Transform Our Ingratitude into Gratitude

– November 25, 2021

“Understanding Hayek transforms our thinking into a rich appreciation of how individuals cooperate and bring forth the miracles of the modern economy. With the opening of eyes long closed, our ingratitude becomes gratitude.” ~ Barry Brownstein

Crisis, Economic Education, Government

What’s Wrong with “Neoliberal Economics”?

– November 23, 2021

“In practice, ‘neoliberal’ economics often results in a cycle of ‘stimulus’ (Keynesian-type deficit spending) followed soon afterwards by “austerity” (higher taxes). The weaker economy that results pushes governments back toward a cycle of ‘stimulus.'” ~ Nathan Lewis

Economic Education, Free Markets, Government

Should We Help Workers Who Lose Jobs to Imports?

– November 22, 2021

“Too much of the discussion about job destruction and worker transition rests on the questionable assumption that all actors in markets, including workers, are either myopic or quite unintelligent (or both).” ~ Donald J. Boudreaux

Economic Education, Free Markets, Government

Don’t Blame the “Greedy Wealthy”

– November 22, 2021

“The problem is that we have already spent hundreds of billions of dollars on programs to end poverty, and yet there is still….poverty.” ~ Michael C. Munger

Economic Education, Free Markets, Government

Twilight of the NYC Pizza Principle

– November 22, 2021

“The link between NYC subway fares and the price of a pizza slice ended a few years back, but the death of .99 cent slices suggests that relative price changes are now confounding the most formidable business talents.” ~ Peter C. Earle

Economic Education, Economic History, Free Markets

Risk, Uncertainty and Profit 100 Years Later

– November 21, 2021

“It is the special function of the entrepreneur to generate unpredictable change and the economic profit or loss, progress or mistakes, that result from it.” ~ Alex J. Pollock

Economic Education, Inflation, Monetary Policy

Three Common Myths About Money and Inflation

– November 20, 2021

“If we oversimplify inflation, we won’t know how to fight it, or whether we should fight it at all. Political responses to economic turmoil are bad enough without the additional complication of widespread misperceptions amongst the public.” ~ Alexander William Salter

Economic Education, Free Markets, Government

Once Again, There’s No Such Thing as Market Fundamentalism

– November 18, 2021

“I prefer to stick with Leonard Read and complete economic liberty. That is not because I have ‘faith’ in the market. When faced with that criticism once, the great economist Thomas Sowell rightly responded, ‘I don’t have faith in the market; I have evidence about the market.'” ~ George Leef