The Case for Decentralizing Monetary Policy

– January 20, 2021

“Wood’s book was published in the year 2000 and cites history dating back hundreds of years, yet today those lessons are as timely as ever. Policy makers should heed the lessons of history and the principles of sound money to ensure that the future of money is guided by the democratic tendencies of the market rather than the arbitrary hand of the state.” ~ Ethan Yang

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On Richard Epstein on Regulating “Big Tech”

– January 18, 2021

“The chief condition for such competition to remain real and effective is that government not obstruct it. As long as government itself remains neutral and nondiscriminatory, the best protection for consumers and for the polity is the free-market process.” ~ Donald J. Boudreaux

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CARES Act Stimulus Did Not “Replace Lost Wages”

– January 17, 2021

“Far from stimulus checks, PPP loans and jobless benefits ‘replacing lost wages,’ it was instead a swift increase in private wages during the reopening that replaced a swift withdrawal of ‘fiscal stimulus.'” ~ Alan Reynolds

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From the Land of Financial Bubbles

– January 16, 2021

“For the aspiring startup today, perhaps working away in the venture-cap lands of overpriced unicorns, the history of bubble allegations teaches you one thing: be right or be a bubble. Until the dust has settled, nobody can really tell.” ~ Joakim Book

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The Physics Behind Freedom

– January 15, 2021

“Bejan’s book shows that freedom is actually scientifically good for society. It truly is a groundbreaking fusion of physics and economics. In his case, he sees things through the lens of energy movement and evolution, the literal workings of the universe. Economists call prosperity the result of free people and free markets. He calls it a force of nature.” ~ Ethan Yang

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Monetary Rules have been Interpreted to Justify the Status Quo

– January 15, 2021

“I can only imagine that those in charge of monetary policy, following Woodford and the precedent set by Bernanke, see stable implementation of a fixed monetary rule as being an antiquated idea, obviously inferior to their more flexible interpretation of rule-based policy. Their perspective, now widely shared among monetary theorists and policymakers, risks leaving us sleepwalking toward a state of fiscal insolvency.” ~ James L. Caton

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Twelve Principles of International Trade: Part 4

– January 13, 2021

“When combined with the empirically verified reality that increased trade between nations decreases the likelihood of those nations getting into shooting wars with each other, what is left of the national-security exception to the case for unilateral free trade is very narrow indeed.” ~ Donald J. Boudreaux

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Witnessing Lithuania’s 1991 Fight for Freedom from Soviet Power

– January 12, 2021

“Personal liberty and political self-government have been rare things in the broad sweep of human history. They have been difficult to establish, often hard to preserve once possessed, and far too easily taken away under the pressures of fear, demagogy, and despotic ideologies. We should remember and appreciate episodes in history like those in Lithuania in January 1991, in which a people oppressed by socialist tyranny said, ‘No,’ and insisted upon regaining their freedom.” ~ Richard M. Ebeling

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Business Confidence, Big and Small, 2004-present

– January 12, 2021

“I have looked at other groupings of business; e.g., surveys of people in finance, and surveys of people in production. The other groupings don’t show meaningful differences. But, between small business versus big business, there are real differences.” ~ Clifford F. Thies

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More or Less Democratic

– January 11, 2021

“Jones’ discussions are interesting and many of his proposals should definitely be introduced, but they don’t go far enough. Instead, we could do with much less democracy and much more individual liberty.” ~ Joakim Book

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Cooperation, Not Retaliation, Can Restore Social Order

– January 11, 2021

“We have agency and reason and can see that the current cascade of retaliation and retribution is ‘unsustainable.’ A great statesman focusing on first principles could, perhaps, cut the chain of retaliation and restore widespread cooperation. I don’t know if such an American exists, but I know it isn’t Donald Trump or Joe Biden.” ~ Robert E. Wright

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“The Market” Can Deliver Pho and Spring Rolls. It Can Deliver Vaccines.

– January 11, 2021

“I doubt we would be in this mess if we had left vaccine production and distribution to Walmart, Amazon, Grubhub, and Chick-fil-A. In the middle of a global pandemic, it’s too important not to.” ~ Art Carden

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