“To the extent we believe in giving government assistance to those with incomes, we should trust them to love themselves and their families more than the government does and give them that aid in cash.” ~Gary Galles
READ MORE“Hidden-city opportunities emerge when there are significant differences in the price elasticity of demand relating to certain itineraries with stopovers.” ~Christopher Lingle
READ MORE“A thicker view of rationality accepts the view that people live in a world with social norms that both condition and constrain our actions.” ~ Anthony Gill
READ MORE“You offer me means to advance my ultimate ends, not my ultimate ends themselves. I offer you resources in exchange, but those are also means to your ultimate ends, not your ultimate ends themselves.” ~ Gary Galles
READ MORE“Policies enacted to fix one problem lead to still other problems, which will then require other policies to fix, and so on, until we’re crushed by a giant snowball of well-intended “solutions” and their unintended consequences.” ~ Art Carden
READ MORE“It doesn’t have to make sense to the outside observer, because ‘the system’ is not something a single mind designed but the unintended consequence of innumerable individual choices in response to (sometimes badly distorted) incentives.” ~ Art Carden
READ MORE“The possibility is real that the subsidized mousetrap improvers displace unsubsidized mousetrap improvers who, absent the subsidies, would have given the world an even better mousetrap or an equally improved mousetrap produced at lower cost.” ~ Donald J. Boudreaux
READ MORE“If you can’t reduce competition in the sense of harming rivals, you cannot engage in rivalry seeking to benefit consumers. ” ~ Gary Galles
READ MORE“Success is never guaranteed in a market economy, and business failure is not uncommon for industry leaders. Blockbuster and Kodak had near monopolistic status in their respective sectors but that couldn’t save them from tech innovations that took them down.” ~ Kimberlee Josephson
READ MORE“The incentives of politicians and the goals of citizens can diverge, and nowhere is that divergence more obvious than in the case of targeted, private benefits to specific corporations paid for at public expense.” ~ Michael Munger
READ MORE“Consumers do not care that there is only one primary zipper manufacturer, they only care that their zippers work. Thus, if market needs are being met, competition isn’t a concern.” ~ Kimberlee Josephson
READ MORE” An emergent system of division of labor based on impersonal commercial exchange, then, can substitute for benevolence.” ~ Michael Munger
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