Topic: Economic Education

Art and Culture, Economic Education, Economic Theory

Good Riddance to “Basic Life Skills”

– May 22, 2020

“We are able to lead fuller and richer lives thanks to the global division of labor, and the “basic” life skills about which so many people fret are, it turns out, not so basic after all.” ~ Art Carden

Economic Education

The Remarkable Blessings of the Price System

– May 18, 2020

The overall arrangement of resource use is not and could never be comprehended by any individual or by any committee. That what we notice of this system are its imperfections testifies to just how well and smoothly – indeed, how magnificently – it routinely performs.

Crisis, Economic Education

We Are All Going To Die, and There’s Insurance for That

– May 12, 2020

All that prevents the formation of life-affirming private institutions like that described herein are regulations and taxes. Remove those impediments and watch free human beings flourish, even when faced by novel viruses, murder hornets, and much worse, until death inevitably overtakes them.

Crisis, Economic Education

The Economic Fundamentals of Jobs

– May 11, 2020

The only answer, as always, is to end the lockdowns as soon as possible so that businesses can resume with market-disciplined investors and the marketplace itself guiding their decisions.

Crisis, Economic Education

Imperial College Model Applied to Sweden Yields Preposterous Results

– April 30, 2020

What this finding tells us about the ICL projections for the United States and United Kingdom will require additional data and code transparency from Ferguson and the rest of the original model’s architects. But the Swedish adaptation paints an underwhelming picture of its predictive ability.

Crisis, Economic Education

How Fanatics Hack Our Minds (And Why We Let Them)

– April 25, 2020

When we choose to see beyond the “we have no choice” mindset, limitless solutions will begin to come into view. The future of America depends, not upon bailouts or a fast-tracked vaccine, but upon individuals choosing to recover their senses.

Economic Education

This Economy Can be Revived

– April 7, 2020

My aim here is to explain what is left out by modern economic theory and the extent to which modern theory distorts our understanding of economic realities.

Crisis, Economic Education

The Coronavirus Pandemic Is Not Exponential

– April 5, 2020

It is farcical that people who until a few weeks ago couldn’t even spell the word “exponential” – let alone explain what it meant – ran straight across this intellectually hysterical spectrum and made the opposite mistake: drawing exponential curves until they ran out of paper or whiteboards.

Crisis, Economic Education

You Are Conserving Toilet Paper, Aren’t You?

– April 1, 2020

Never take toilet paper for granted again. Never take anything for granted again. Let’s come out of this with a new appreciation for the astonishingly productive power and humanitarianism of markets.

Economic Education

Is a New Renaissance Possible?

– January 3, 2020

There’s good reason to be excited for the new year. All signs point to a serious revival of the ideas that undergird a free society. AIER can lead the way. As the end of the year approached, I received a note from a highly respected scholar and o …

Economic Education

That Time When the New York Times Called for a $0 Minimum Wage

– January 2, 2020

We aren’t just talking about the poor. We are talking about your sons and daughters, nephews and nieces, your disabled first grandchild who would enjoy the dignity of work instead of being forcibly excluded by state policies.

Economic Education

Why Is the System Rigged?

– December 13, 2019

It’s crazy season, that special time on the American calendar when aspiring candidates for the nation’s highest office try to outdo each other in an effort to attract more voters to their platforms. This time around, background support is provided by a …