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“Gelles wrote of how Welch’s career was ‘defined by devotion to maximizing short-term profits at any cost.’ Where have we heard that one before? If you’re looking for originality, this is the wrong book.” ~ John Tamny
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“When central banking’s role is understood in neo-Keynesian terms—i.e., from a macroeconomic standpoint that emphasizes top-down demand-side management of the economy—it’s easy to understand why central bankers might gradually succumb to a Masters-of-the-Universe mindset.” ~ Samuel Gregg
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“Friedman opposed racial segregation on moral and economic grounds, and his actions aligned with his rhetoric. When the time came to move on these beliefs in 1957, he chose to send an economic message to the offending business by diverting its customers elsewhere.” ~ Phillip W. Magness
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“Deirdre McCloskey rightly tells us that ideas matter, talk matters, culture matters, moral authorization matters, moral leadership matters. That is how the world works. The evidence of ngrams bolsters her theory.” ~ Daniel B. Klein
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“The last several recessions, even going back farther than 2000, have done lasting damage to the US economy, especially labor markets, and so far it appears the COVID-19 recession has been no exception.” ~ Robert F. Mulligan
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“In a way, the entire book is an act of transitional justice, a commitment to create institutional memory for the survivors of Jim Crow and the neighborhood-destroying government boondoggles of the 20th century.” ~ Rachel Ferguson and Marcus M. Witcher
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“The authors infuse their work with suggestions towards institutional, policy, and legal changes that empower disadvantaged subgroups to work towards their own flourishing within the market mechanism.” ~ Tarnell Brown
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“Importantly, the authors rightly disparage the view of slavery recently espoused by the so-called New History of Capitalism (NHC), a menagerie of bad history and worse economic theory critiqued by scholars like Eric Hilt, Phil Magness, Alan Olmstead, and Gavin Wright.” ~ Robert E. Wright
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“Inflation creates many problems, including an increased risk of payment system glitches, like the shuttering of banking and credit card networks, leaving individuals economically stranded.” ~ Robert E. Wright
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“If incentives cannot be better aligned between management and stockholders from within, then somebody from the outside must step in so that the economy doesn’t suffer the large costs associated with underutilized assets.” ~ Robert E. Wright
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“Bitcoin, or cryptocurrency more generally, allows us to look at issues related to exchange, money, payments, and finance through a new lens.” ~ Joshua R. Hendrickson
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“As usual, history could guide us, if only we would allow it. Before the rise of the nanny state, free markets naturally drew resources, including human resources, to their most highly valued use.” ~ Robert E. Wright
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