“If history shows us anything, this experience may very well spark a renaissance for the ideas of limited government and markets. If only we could learn this the easy way rather than the hard way.” ~ Ethan Yang
READ MORE“Mazzucato describes herself as a fighter in a ‘discursive battle.’ Indeed. But if she wins the ‘battle’ in people’s minds about how innovation and markets work, we will retreat from the Great Enrichment, 1800 to the present, and the bettering of the wretched of the earth. Let’s not.” ~ “Deirdre Nansen McCloskey & Alberto Mingardi
READ MORE“It surely is not enough to throw together a paper that is 95% statistical mumbo-jumbo, and with a firm conclusion that impacts on an earth-shaking election that is only three days away. Scientific integrity requires much more than coming to a politically correct conclusion with a made-for-media conclusion.” ~ Robert Wright
READ MORE“A new term is needed for the highly-competitive innovators who achieve large market shares by creatively providing outstanding, innovative, and lower-cost products and services that are of such value that millions of people choose to buy their products. We can keep the term ‘monopoly,’ but it should be reserved for describing those government-created and sanctioned dinosaurs like the US Postal Service.” ~ Raymond C. Niles
READ MORE“Saving one industry means hurting another, and I cannot help but wonder: what troubles have we endured and what progress have we sacrificed in order to protect obsolete producers of soybeans, steel, shirts, schooling…and slide rules?” ~ Art Carden
READ MORE“Those genuinely interested in finding the best solutions to complex problems do not automatically react with vitriol, smears, and petty insults, but carefully contemplate the ideas in question. One might speculate that the flippancy with which Krugman, Khullar, and the other elite pundits dismiss the injury caused by lockdowns reflects the truth that for them – as opposed to the underprivileged – these measures are a mere inconvenience.” ~ Jenin Younes
READ MORE“The economy is people – people producing, trading, cooperating, and consuming. Reasonable people disagree over what are the best policies to deal with Covid-19. But contrary to the impression conveyed by your tweet, no serious person argues for sacrificing lives to ‘the economy’ as a lifeless abstraction.” ~ Donald J. Boudreaux
READ MORE“Until the Fed acts to build trust and credibility with the public, its policy of Average Inflation Targeting will have little effect on inflation or economic activity.” ~ Thomas L. Hogan
READ MORE“Trying to bludgeon effects into existence in order to blot out causes is a conventional mistake within the social sciences, and, apparently among certain naive disease suppressors too.” ~ Jeffrey Tucker
READ MORE“‘May you live in interesting times’ is an apocryphal ancient curse. These times are certainly interesting, to say the least, and the best way to deal with them is to follow the Biblical exhortation in Proverbs chapter 4 to get wisdom, understanding, and insight. You’re not likely to find them on cable news and Twitter, unfortunately, but that doesn’t mean they aren’t out there.” ~ Art Carden
READ MORE“Both of Cowen’s pieces resemble the work of a mainstream journalist ignorant of market economics. The essence of economics is tradeoffs. Precious little in his two pieces talks seriously about tradeoffs.” ~ David R. Henderson
READ MORE“In its almost sixty years of existence, Walmart has revolutionized American retail and raised American standards of living by innovating in shipping, selling, and shopping. They certainly have the potential to continue doing so–but paying extra for stuff just because it was produced in the United States won’t help them or their customers in the long run.” ~ Art Carden
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