The Perpetual Tragedy of New York’s Rent Control
“If the city keeps reducing real rents by capping increases below the inflation rate (as it is doing now), and if inflation continues for more than a few years, we will see building abandonments once again.” ~ Raymond C. Niles
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Studying Economics Instills Gratitude
“Grateful hearts want to see the sort of prosperity they have enjoyed extended to others near and far. Fortunately, economics also offers the prosperity recipe—if only we have ears to listen.” ~ Caleb S. Fuller
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Setting the Record Straight on “Setting the Record Straight on the Libertarian South African Economist W.H. Hutt and James M. Buchanan”
“MacLean et al. have in fact set nothing straight, and their argument, far from being ‘irrefutable,’ wrecks itself upon the rocks of at least one major citation error, selective use of documents, and willful misreadings of Hutt’s words devoid of their original context.” ~ Phillip W. Magness & Art Carden
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The Ripples of Government Intervention
“When someone says ‘what could go wrong’ after proposing a policy intervention, the reply should be ‘a lot that we will only comprehend many years from now.’ The damaging ripples of government intervention may be very far in the future – it does not mean they do not exist.” ~ Vincent Geloso
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Frédéric Bastiat’s Fruitful Fusionism
“Economists don’t know how to inculcate virtue in business elites, because, as victims of the moral confusion that MacIntyre diagnosed, they don’t know what virtue is.” ~ Nathan Smith
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Review: Cronyism: Liberty versus Power in Early America, 1607-1849
“It may seem extreme to some, but this total lack of admiration for any political actor is what allows the book to be a solid contribution to American political and economic history.” ~ Vincent Geloso
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CEOs like the Late Jack Welch Embody the Endless Possibilities of Capitalism
“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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In Bernanke We Trust?
“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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How Milton Friedman Fought Segregation through the American Economic Association
“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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McCloskey’s Narrative and Jurisprudence
“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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COVID-19 and the Labor Market
“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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Black Liberation Through the Marketplace: A Snapshot
“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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