Topic: Economic Education

Currency, Economic Education, Government

Will Cash Soon Be Obsolete?

– July 23, 2021

“Perhaps these trends will reverse. But it seems more likely that the reports of the forthcoming death of cash have been greatly exaggerated––that is, so long as the government doesn’t kill it.” ~ William J. Luther

Economic Education, Government, History

Leveling Down to Utopia

– July 22, 2021

“In such a ‘Utopia’ without love or art or individuality, what is left? Certainly not choice. The State manages all activities, from the propagation of the species (every spring, like cattle) to bathing, since unequal habits led to ‘two distinct classes, the Clean and the Dirty.'” ~ Caroline Breashears

Economic Education, Government, Regulation

Can Antitrust Action Against Tech Giants Make the World Better Off?

– July 21, 2021

“In passing judgment on the antitrust legislation that bears his name, Senator John Sherman might have done to American businesses and consumers what his elder brother General William T. Sherman did for the immediate well-being of Atlanta.” ~ Christopher Lingle

Economic Education, Free Markets, Technology

Richard Branson’s Genius and Putting the Rich First

– July 21, 2021

“The only question about the tomorrow in this story is whether or not there will be money to make space travel affordable. This question will be answered more clearly, and to all of our betterment, if the rich are rightly moved to the front of the line to the certain detriment of grasping politicians.” ~ John Tamny

Authoritarianism, Economic Education, Government

Under Biden Free Enterprise Means Government Control

– July 20, 2021

“If Joe Biden’s Executive Order is fully implemented we will be that much closer to a comprehensively managed economy, with nothing done by any private enterprise free from the intrusive hand of government. Welcome to President Biden’s Orwellian newspeak – ‘freedom of enterprise’ really means ‘government control of business.'” ~ Richard M. Ebeling

Art and Culture, Economic Education, Video

A Conversation On Adam Smith, Harry Potter, and the Theory of Moral Sentiments

– July 18, 2021

“On this episode of the Authors Corner, Ethan Yang sits down with AIER Visiting Scholar Dr. Caroline Breashears to talk about her extensive research into the ideas of the great economist, Adam Smith.” ~ AIER

Economic Education, Fiscal Policy, Government

Bureaucracy as Infrastructure

– July 18, 2021

“Earmarks for special interests from both parties make it easier to get bipartisan support in Congress, but with wasteful spending spiraling out of control, it’s hard to see that as an advantage.”~ Robert F. Mulligan

Authoritarianism, Crisis, Economic Education

About That Recession

– July 16, 2021

“The mild decline in the economy might have escaped notice if not for the shutdown. But, the shutdown sealed the fate of the economy. In a similar way, the mild decline prior to the attacks of 9-11 (2001) might not have turned into a recession if not for those attacks.” ~ Clifford F. Thies

Art and Culture, Economic Education, Free Markets

The High Price of Popcorn

– July 15, 2021

“The next time you reach for a handful of buttery popped corn, give a stomping cheer for the entrepreneurial creativity of the theater owner who made it possible for a wide variety of people to enjoy a summer blockbuster.” ~ Anthony Gill

Crisis, Economic Education, History

Lessons From the Bronze Age Collapse

– July 15, 2021

“We survived this time, but the next time a global crisis rolls around we may not be so fortunate if governments continue to pursue their anti-social policies that undermine the social order based upon the division of labor.” ~ Zachary Yost

Economic Education, Financial Markets, Monetary Policy

Lumber Prices Return to Earth

– July 14, 2021

“A new round of expansionary monetary policy, wildfires, or other developments could bring more upheaval to this ordinarily sedate market, but for now it appears that the lumber market delirium has been quelled.” ~ Peter C. Earle

Economic Education, Government, International

Icelandic Study Suggests Government Workers Are Unnecessary

– July 13, 2021

“A lie can get around the world faster than truth can get its pants on, according to the adage apocryphally connected to Mark Twain or Winston Churchill (or Jonathan Swift). In a terrible ‘study,’ Iceland showed that we can reduce the hours worked by public officials without any meaningful negative outcome to society. Shocking, I know.” ~ Joakim Book