– September 26, 2022

“Among the full set of arguments offered for government intervention into the economy, those that are serious and credible are the exception rather than the rule. Most arguments for intervention are simply not credible, with more than a few being downright silly.” ~ Donald J. Boudreaux


Revisiting the Pokéflation

– September 26, 2022

“During the massively expansionary monetary response to the Covid outbreak, the price of Pokemon cards and other assets shot to unprecedented levels. Contractionary monetary policy now has the opposite effect.” ~ Peter C. Earle & April Liu


The Myopia of Antitrust

– September 23, 2022

“Intellectuals and officials arrogantly suppose that any contractual term or organizational arrangement that they cannot immediately understand as serving competition must therefore be devious exercises of monopoly power or attempts to secure such power.” ~ Donald J. Boudreaux


An Image Worth 10,000 Words: A Review of Superabundance

– September 22, 2022

“Pooley and Tupy find that every one-percent increase in population corresponds to a roughly one-percent decrease in the time-price. This formulation is elegantly simple and conveys the crucial point that population growth is good.” ~ Vincent Geloso


Some Pictures Are Indeed Worth a Thousand Words

– September 19, 2022

“No data or sets of graphs, regardless of how carefully constructed and intelligently interpreted, can convey a complete picture of an economy. Yet, such data can convey important information, which is often the opposite of popular narratives about the economy, generally, and about trade in particular.” ~ Donald J. Boudreaux


Jubilee and Student Loan Forgiveness

– September 16, 2022

“Today, we have modern governments, which have significantly more power to tinker with economic incentives, monitoring and enforcing policies that ostensibly benefit the commonweal.” ~ Michael D. Thomas and Anthony Gill


Wanted: Economic Literacy

– September 14, 2022

“Economics is in a very real sense a way of thinking that is continuously enlightening to whomever masters that science. It is not about memorizing lemmas or models, or of learning technically sophisticated methods. It’s something much more fundamental: an understanding of how the world works.” ~ Per L. Bylund


A Reflection on Bastiat’s “What Is Seen and What Is Not Seen”

– September 13, 2022

“Why does human reason so readily reveal even to people untutored in economics some unseen but real consequences, while it routinely fails to reveal others?” ~ Donald. J. Boudreaux


Modeling the Money Supply

– September 9, 2022

“We have to be very careful about generalizing across money and banking regimes. Many features of one system don’t translate to others. Depending on the ‘rules of the game,’ the supply of money responds to the price of money in very different ways.” ~ Alexander William Salter


A Way Out

– September 8, 2022

“It will take about 90 years for the phase-out plan to completely pay for itself. But, it took Social Security almost a century to dig the hole in which we now find ourselves.” ~ Antony Davies


How Common Has Private Currency Been?

– September 6, 2022

“Private banknotes can still be found in Scotland, Northern Ireland, Hong Kong, and Macau, where they have not yet been banned or taxed out of existence.” ~ Lawrence H. White


Climate and COVID ‘Science’

– September 4, 2022

“The belief that science is a source of complete and godlike knowledge is not merely mistaken, it’s a toxic fuel of authoritarianism when it’s combined with the false understanding of social problems as being a science project to be ‘solved’ by persons in power.” ~ Donald J. Boudreaux