Topic: Economic Education

Economic Education, Economic Theory, Free Markets

All Value Is Subjective, and That’s a Good Thing

– October 26, 2021

“If anything had intrinsic value, we could only either exchange it for a price precisely matching that value, with neither of us becoming better off, or exchange it for a price different from its ‘true’ value, with one person ending up worse off because of the exchange.” ~ James E. Hanley

Economic Education, Government, Socialism

Socialist Darwinism

– October 24, 2021

“The next time somebody accuses you of Social Darwinism, tell ‘em you want to help the poor to thrive by supporting policies that increase productivity and that allow people to help the unfortunate through charity, insurance, and other voluntary mechanisms.” ~ Robert E. Wright

Economic Education, Financial Markets, Government

A Tale of Two Pizzas: Are Property Values Really Yours to Keep?

– October 23, 2021

“You may own a monetary asset, but you’re not entitled to determine its exchange rate against other goods and services. Just because you own something, that doesn’t mean you own the prerogative of setting its price. That goes for homes too.” ~ Joakim Book

Books, Economic Education, History

Recovering a Lost Tradition: Review of The Lost Tradition of Economic Equality in America, 1600-1870

– October 22, 2021

“Knowledge will advance when this literature merges historical craftsmanship like Mandell’s with economists’ methodological individualism and the notion that the hyper-liberals might have been right.” ~ Art Carden

Cryptocurrency, Economic Education, Financial Markets

What If a Great Crypto Crash Is Coming?

– October 22, 2021

“Were the world to experience a new economic downturn, there is a great possibility that this lack of consumer use will show the current valuation of Bitcoin to have been a bubble. If this happens, a lot of retail investors will suffer.” ~ Benjamin Juhlin

Crisis, Economic Education, Government, Regulation

Threatened Shutdowns Show Government is the Problem

– October 20, 2021

“The problems expressed in political shutdown posturing, and battles arising from government failure to perform duties it has arrogated to itself, provide no endorsement for placing even more power over us into government hands.” ~ Gary M. Galles

Economic Education, Free Markets, Government

Do Employers Exploit Workers with Low Wages?

– October 19, 2021

“Any business worth working for will be sensitive to the opportunity costs of their best employees and will reward them accordingly. Employers that consistently keep wages low for their best workers will see them abandon ship quickly.” ~ Anthony Gill

Economic Education, Free Markets, Government, Regulation

Deregulation of Consenting Adults

– October 19, 2021

“The Woke need to wake up, look, and listen. America doesn’t want New Zealand’s criminalization of Covid but it should adopt its decriminalization of sex work, including outright prostitution.” ~ Robert E. Wright

Books, Crisis, Economic Education, Free Markets

The Distorted Market for Woke Capitalism

– October 17, 2021

“The process of awakening corporate America from wokeness will need to be as much a cultural enterprise as it is an exercise in returning business to its proper function in the economy and society more generally.” ~ Samuel Gregg

Economic Education, Fiscal Policy, Government, Monetary Policy

In Defense of Bank Deposits: An Open Letter to Professor Omarova

– October 16, 2021

“I can’t help thinking that someone placed in charge of a quarter of the nation’s banks ought to recognize the valuable services they perform, and recognize them well enough to be willing to oppose any plan that would prevent them from continuing to perform those services.” ~ George Selgin

Economic Education, Inflation, Monetary Policy

Inflation and Consumer Welfare: Don’t Forget the Supply Side!

– October 15, 2021

“Let’s keep our eye on the supply side. We should be making every effort, policy-wise, to ease restrictions on production and exchange. That will help both in the short run and the long run.” ~ Alexander W. Salter

Economic Education, Free Markets, Government, Regulation

Marijuana Legalization: Corporate America Now Leading the Way

– October 15, 2021

“Although government plays a role in confronting abuse, civil institutions have an even more important role in creating informal rules for drug use. We increasingly see this process at work, illustrating an important expansion of liberty in Americans’ lives.” ~ Doug Bandow