Concerned About Amazon Workers? Here’s How To Really Help Them

– March 8, 2021

“Everyone wants to help other people—or at least, everyone should. The solution isn’t in collective bargaining, however. It’s in better options, better tools, and better ideas. So let’s have more of those.” ~ Art Carden

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How Did the Life Insurance Industry Survive the Pandemic?

– March 6, 2021

“It is of course a good thing that life insurers did not exacerbate the financial stresses brought on by the pandemic or its mitigation policies, which did indeed turn out to be the worst since the New Deal as I suggested in April 2020. ‘Tis a shame that nobody followed my suggestion, made that same month, to use life insurance data to provide an independent assessment of the pandemic’s progress.” ~ Robert E. Wright

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The Iceman Cometh Not

– March 6, 2021

“During the winter of 1918-1919, not much ice was harvested and stored away. New York City faced an ice famine. The city faced the prospects of riots and the starvation of children, said some. The legislature repealed the act establishing an Ice Comptroller, and the market found an equilibrium given the shortage of natural ice. The next year, things were back to normal.” ~ Clifford F. Thies

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Central Planners Send Vaccines to Places Seniors Don’t Live

– March 3, 2021

“Federal officials monopolized the purchase and distribution of vaccines which were sent to state governments, which micromanaged distribution of vaccines to their counties. Vaccines were then rationed by political preferences (such as defining some jobs as more essential than others) and by random luck after spending hours searching for an appointment.” ~ Alan Reynolds

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Mastercard’s Crypto Ruse

– March 3, 2021

“With more corporate powerhouses supporting cryptocurrencies by the month, it appears that crypto is here to stay. Whether those cryptos are the ones currently popular or this announcement by Mastercard acts to initiate a path dependent development process is presently unknown and unknowable. Other recent initiatives by the massive processing firm suggest a focus that may thwart, rather than promote, the expansion of genuine, public cryptocurrency use.” ~ Peter C. Earle

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Texas Electricity Prices Are Lower Due to Deregulation

– March 2, 2021

“Contrary to McGinty and Patterson, a close look at the evidence reveals that deregulation and competition have, in fact, reduced electricity prices in Texas. Prices in competitive markets have fallen, while those of noncompetitive utilities have increased. Competition has brought both residential and commercial prices down below the national averages.” ~ Thomas L. Hogan

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Post-Covid Policy Advice from Ludwig von Mises for Developing Countries

– March 2, 2021

“Mises’ warnings about misguided government policies remain just as relevant if not more so today, as we see in our own time a new push for increased interventionism, expanded welfare statism, and renewed calls for socialist-style centralized planning. As Mises said, if we want, peace, freedom and prosperity, there is no alternative to the free market economy respectful of competitive entrepreneurship and consumer choice.” ~ Richard M. Ebeling

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That The Profit Of One Man Is The Gain Of Another

– March 2, 2021

“It is not exploitation; rather, profit is a reward you earn for helping strangers in ways that waste no resources and leave them available for other strangers. Are firms earning ‘exorbitant’ profit selling natural gas and Covid vaccines? I doubt it. If anything, people scrambling to get their hands on artificially-short supplies indicates that they aren’t making enough.” ~ Art Carden

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There Are Libertarians In A Pandemic, And For Good Reason

– March 1, 2021

“If nothing else, the Covid pandemic will create dissertation topics for generations of Ph.D. students across the humanities and social sciences. Someone looking to write the definitive history of the pandemic could get a head start by considering some of Cochrane’s commentary.” ~ Art Carden

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The Sin Tax Paradox

– March 1, 2021

“It is time to jettison the notion of taxing sin and think hard again about the LBT advocated by Milton Friedman and Henry George, a tax on the unimproved value of land. It’s a tax, and hence bad, but it’s less distortionary than taxing income or sin and it doesn’t have to be high if government would only stick to its core functions.” ~ Robert E. Wright

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Forgiving Student Loans: Not The Great Idea You Think It Is

– March 1, 2021

“Like Bryan Caplan, I love learning so much I decided never to leave school. I live for the lightbulb moments students have when they realize what economists mean by ‘at the margin’ or when they start using and applying the concepts we cover in class. Economically speaking, those are private benefits, however, and the case for sticking taxpayers with the bill is shaky indeed.” ~ Art Carden

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Dear Students: Here Are Ten Ways To Get Your Financial House In Order

– February 28, 2021

“You might think you’re saving money when you’re not. Unless you really enjoy cooking, you should probably have a meal plan and devote the time and energy you save on shopping and meal prep to studying. Look at the BLS Occupational Outlook Handbook for the job you want, look at the hourly wage, and use that as a proxy for what your time is worth right now.” ~ Art Carden

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