Topic: Economic Education

Some Classical Liberal Priors

– August 9, 2021

“A mark of wisdom is to be aware of one’s priors and to struggle to prevent these both from obstructing one’s own personal quest for a better understanding of reality, and from impeding productive discussion with other persons.” ~ Donald J. Boudreaux

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Want to Prepare for the Next Pandemic? Read These Five Books on Expertise

– August 8, 2021

“When we turn experts into masters rather than advisers, we throw away a lot of important knowledge. Experts definitely have their place, but we have to remember that they respond to incentives and have their own epistemic limitations.” ~ Art Carden

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Long-Term Labor Force Trends & the COVID-19 Recession

– August 7, 2021

“It remains to be seen if a further legacy of our several decades of accelerating fiscal profligacy and expansionary monetary policy will turn out to be a permanent reversal of our progress in labor participation and equality.” ~ Robert F. Mulligan

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A Tale of Two Spikes: How the Tullock Spike Gives Insight Into a Viral Spike Amid Forced Mask-Wearing

– August 6, 2021

“Let us hope for once that President Biden and the various state governors and health officials leave people free to assess their own risks and adjust their own behaviors as best makes sense to them.” ~ Jon Sanders

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Edwin Cannan: An Economist Who Protested Against Big Government

– August 6, 2021

“What stands out in Edwin Cannan’s writings is a simplicity and clarity in explaining the ‘miracle’ of the market in a world-encompassing division of labor that connects multitudes of people for mutual improvement and peaceful cultural gains.” ~ Richard M. Ebeling

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From Fast Growth to No Growth to De-Growth

– August 4, 2021

“Whereas some anti-capitalists wish earnestly for capitalism’s end and yearn for a future utopia of non-capitalist wealth (a contradiction), others of them yearn for the world known before capitalism, the non-capitalist world that was fundamentally feudal and medieval.” ~ Richard M. Salsman

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The Real Cost of Public Debt Is Not a Dollar Amount; It’s Freedom

– August 4, 2021

“Liberty is not measurable in dollars; it is priceless. As such, we should argue against any infringement on liberty—in this case public debt—for that reason.” ~ Jonathan W. Plante

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Fight Covid-19 With Social Capital Not Stringency

– August 4, 2021

“While Covid-19 and its variants are reaching endemic status, people and their communities can play an active role in limiting its spread by bolstering social capital through resuming normal social and economic activities, not by imposing additional lockdowns.” ~ Byron Carson, Justin Isaacs & Anthony Carilli

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Infrastructure Bill as Political Plunder and Social Engineering

– August 3, 2021

“Joe Biden and the Congressional Democrats and Republicans consider it their political business to impose infrastructure spending and construction on the rest of us. So, not surprisingly, a bipartisan infrastructure bill is working its way through Congress with just such a $1 trillion price tag.” ~ Richard M. Ebeling

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Rich Man, Poor Man: Comparing the Value of a Dollar to Each

– August 3, 2021

“As is so often true in economics, being attuned to more than what is immediately obvious yields insights very different from those that arise from looking only at what is immediately obvious.” ~ Donald J. Boudreaux

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Economics of Liberty

– August 2, 2021

“Freedom Fest 2021 was fun and instructive. Liberty lovers can discuss important policy matters face-to-face to great effect but some need to delve a bit deeper into the economic theories discussed at places like AIER if they really want to improve the world.” ~ Robert E. Wright

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Bringing Money Under the Rule of Law

– August 1, 2021

“The problem, of course, is that the Fed has always been under constant political pressure, but even when it is acting independently, its adventurism can and has ended poorly. To combat this, the authors argue that the Fed should be bound by explicit rules that constrain it from exercising broad discretion.” ~ Ethan Yang

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