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“Making prices less accurate and less reliable with well-intentioned but misguided controls compounds the problem. It leads to an even bigger pile of errors–a misuse of knowledge in society, in other words.” ~ Art Carden
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“Good reporting helps people because they intuitively understand cost overruns are bad. What would also help people are more council members and commissioners who know to ask about what is not seen: opportunity costs.” ~ Jon Sanders
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“As Mises summarized the fate of a fully socialized economy, ‘As soon as one gives up the conception of a freely established monetary price for goods of a higher order, rational production becomes completely impossible.'” ~ Donald J. Boudreaux
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“As Smith himself put it: ‘Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice.'” ~ Alexander William Salter
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“Misguided retaliation that would eliminate the advantages that cheaper Chinese goods offer would result in unnecessary self-inflicted costs and forgone benefits to the American economy.” ~ Theodore A. Gebhard
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“In greedy-bastard economics, rather than tracing their understanding of something they dislike back to its ultimate source, people only trace it back until they get to someone they can demonize as a greedy bastard.” ~ Gary M. Galles
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“It is becoming clear that the U.S. failure to yoke up with the private sector is the most important, but least-commented on, failure of Covid response overall.” ~ Michael Munger
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“Problems with bitcoin’s design––including its suboptimal supply constraint and limited transactions capacity––cast doubt on the claim that bitcoin is superior to the monies widely used at present.” ~ William J. Luther
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“Like experts on energy efficiency don’t know where to set your thermostat, experts on health risks don’t know which bundle of risks and precautions is the right one given your goals and values.” ~ Art Carden
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“Ludwig von Mises once joked that only the government could take a useful commodity like paper, slap some ink on it, and make it worthless. We appear to have a similar problem with military equipment.” ~ Clifford F. Theis
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“Bitcoin’s supply mechanism fails to provide a long-run nominal anchor or promote monetary stability. A better money would employ a supply mechanism that offsets changes in the demand to hold it.” ~ William J. Luther
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“I’ve no complaint against economists who craft their public messages in order to avoid a loss of audience. But I do worry that these efforts subtly create in the minds of many such economists unwarranted doubts about the merits of laissez faire.” ~ Donald J. Boudreaux
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