Exploring Deeply the Economics of Price Controls

– February 17, 2021

“Governments are fond of dictating maximum prices and minimum wages. To the economically ignorant, these policies appear humane and worthwhile. But when examined through the lens of economics, these policies are clearly revealed to be harmful to the very persons they are ostensibly meant to help.” ~ Donald J. Boudreaux

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Kevin Durant’s Genius Vivifies the Abject Stupidity of the Lockdowns

– February 16, 2021

“This tragic imposition of command-and-control by politicians means progress against career-ending injuries for athletes will likely slow, the discovery of what will eventually render the internet primitive will similarly be rendered a more distant object, and then progress against diseases that still kill us will have been relatively suffocated. All so politicians could ‘do something.'” ~ John Tamny

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A Pandemic of Ignorance

– February 16, 2021

“Putting the lessons of political economy together (especially along with some elementary knowledge of statistical tricks) would have allowed Americans to better assess policymakers’ claims about Covid-19 transmission and the best ways to mitigate it and hence peacefully to resist unprecedented policies of dubious constitutionality and little scientific merit.” ~ Robert E. Wright

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Do We Really Need All These Barbecue Restaurants?

– February 16, 2021

“Markets provide people with what they actually want as tested against their willingness to pay rather than what the Bernie Sanderses of the world know to be best for us. This is a feature, not a bug.” ~ Art Carden

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Minimum Wages Had a Eugenic Intent

– February 15, 2021

“Let’s say that instead of a $15 an hour minimum, Congress pushed a $15 maximum wage/salary. The rich would simply stop working, while everyone else would likely lose professional aspiration. This is not complicated to understand. So too with a wage floor: it cuts the poor out of the market just as the eugenicists said it would.” ~ Jeffrey Tucker

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The Difference Between Copper and Cucumbers

– February 15, 2021

“Most of the raw materials that we ever brought out of the Earth’s crust are still with us, capable of being used and then turned into something else when that better fits our needs and wants. Cucumbers and renewable crops don’t have that quality. If anything, Circular Economy proponents should be horrified by cucumbers, not copper.” ~ Joakim Book

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Gordon Tullock: A Birthday Appreciation

– February 13, 2021

“Long after many influential economists have been relegated to footnotes or forgotten, I believe people will still be reading and citing Tullock’s work, and not as historical curiosities, either. They will be reading and citing the work of a scholar who made timeless contributions to how we understand the world.” ~ Art Carden

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Monetary Policy in a Pandemic

– February 12, 2021

“The Fed’s new lending programs were not very helpful, and they come at a potentially high cost. Insofar as they were designed to allocate credit, as opposed to merely providing liquidity, they amount to an expansion of the Fed’s mandate. And, although the extent of the Fed’s credit allocation was limited this time, it has set a dangerous precedent, which risks subjecting the Fed to even more political influence going forward.” ~ William J. Luther

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A Currency that Rises in Value Will Change Everything

– February 12, 2021

“Maybe widespread ownership and use of Bitcoin and other cryptos can make a cultural and economic contribution to converting us from profligate to thrifty in the way our great-great grandparents could celebrate. After all, it was they, and the gold standard under which they lived, that set us on the course to building a modern and prosperous way of life that inflationary paper currency has done so much to reverse.” ~ Jeffrey Tucker

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A Vaccine Auction

– February 12, 2021

“As long as the problems of efficiency and distributive justice are separable, one can leave vaccine allocation to a (thoughtfully designed) market while leaving it to elected officials to debate and pursue, at their own pace, the kind of distributive justice that they think their constituents deserve.” ~ Romans Pancs

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Julian Simon: Important Enough to Name Your Kids After

– February 12, 2021

“Simon was a model mind and an outstanding intellectual citizen. He thought through the theory and formulated his hypotheses very carefully. He tested his hypotheses against the data. Importantly, he took real and consequential action based on his beliefs–at great risk to his own reputation, but to the everlasting benefit of the rest of us.” ~ Art Carden

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Is the Public Interest Really In the Public’s Interest?

– February 11, 2021

“The fact that something is popular doesn’t mean it is right or even beneficial. A better way forward is to simply lay out arguments in full, detailing why and how such proposals would result in the best outcomes for the most people while being prepared to own the consequences. This discussion should be accepting of contributions from all backgrounds and specializations and be open to hearing all solutions, state or market-based.” ~ AIER Staff

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