champagne

Peter T. Leeson: A Birthday Appreciation

– July 29, 2020

“Peter T. Leeson is well-positioned to continue making important and creative contributions to our beloved dismal science. His message–that free and creative people have a good track record of solving problems without anyone forcing anyone else to do anything–is as timely now as it was when he was just getting started–but I can’t really imagine a time when it won’t be.” ~ Art Carden

READ MORE
redskins player

The Washington Football Team Should Be Called The Candlemakers

– July 28, 2020

“Bastiat laid bare the absurdity of so many arguments for protection, subsidy (for the stadium the Candlemakers would call home, for example), and regulation. The name would be a perfect homage to the never-ending stream of privilege-seeking supplicants filling the lobbies of Washington and looking for new ways to pick the pockets of their competitors, their customers, and the taxpayers—to say nothing of the grotesque concentration of power and perversion of the very idea of the law that makes it all possible.” ~ Art Carden

READ MORE
workers

Three Ways that Workers Can Be Underpaid

– July 27, 2020

“The bottom line is clear: government is the largest cause of worker underpayment and open, free markets for labor are the best protection against any kind of underpayment.” ~ Donald J. Boudreaux

READ MORE
entrepreneur

In Praise of Evasive Entrepreneurs

– July 24, 2020

“Evasive Entrepreneurs is a welcome contribution that provides great insights into the regulatory process and the need to protect permissionless innovation. For Thierer, innovation matters because it feeds the engine of economic growth and plays a key role in expanding liberty. But, as he concludes, ‘we will only attain that goal by vociferously defending the freedom to innovate and the entrepreneurial spirit that propels the progress of our civilization.'” ~ Wayne T. Brough

READ MORE
miserable

The Make-‘Em-Miserable Hypothesis

– July 24, 2020

“If a careful formulation of the make-em-miserable hypothesis contains an element of truth, correction must come from those whose conduct manifests the phenomenon. They must look carefully, they must look bravely, into what Ronald Coase called ‘the total effect’ of their conduct and beliefs.” ~ Daniel B. Klein

READ MORE

The Latest Investment Fad Is Unsustainable

– July 24, 2020

“Just as Greens can destroy the environment, corporate social responsibility can wreck society while tricking ESG investors to feel good about themselves in the process.” ~ Robert E. Wright

READ MORE
seat belts

Masks, Seatbelts, and Peltzman Effects

– July 22, 2020

“A dose of humility on the part of policy-makers and pundits regarding their abilities would be welcomed. This dose of humility might push them to consider what potentially superior ways of dealing with the outbreak exist.” ~ Vincent Geloso

READ MORE
bull

Welcome to the Frankfurtian World

– July 22, 2020

“Wherever one turns, the political discourse seems entirely uninterested in the Enlightenment project – the values of 17th and 18th century philosophers imploring us to use reason to approach scientific truth and an intelligent and civil society.” ~ Joakim Book

READ MORE
female business executive

The Epistemic Value of Putting One’s Money Where One’s Mouth Is

– July 21, 2020

“Assertions such as that women as a group are underpaid – should be dismissed out of hand if (as is almost always the case) those who do the asserting refuse to risk their own time and resources on undertaking private-sector activities that would make these individuals rich as they simultaneously correct the alleged failures. If these individuals aren’t getting rich by acting with their own money on what they assert to be true, then they ain’t so smart after all.” ~ Donald J. Boudreaux

READ MORE
malficent

Fear, Tyranny, and the Fairy Tale of Our Times

– July 21, 2020

“Reflecting the national divisions that have only escalated since its release, it illustrates how false stories spread to infect hearts and minds as fatally as a virus. The solution is to reject these fictions and judge for ourselves. As Conall tells Maleficent, ‘I’ve made my choice. Now make yours.'” ~ Caroline Breashears

READ MORE
modern city

Is ‘Capitalism’ Modern?

– July 20, 2020

“Capitalism in this account is not truly modern, inasmuch as something we can describe with that word has existed repeatedly in history. It has usually come to a bad end, because of the way private wealth and fear of losing it has interacted with predatory power, but in the modern world we have avoided that. Only so far however, which is why we must be constantly in campaign mode to keep the show on the road.” ~ Stephen Davies

READ MORE

Individualism and Public Health: Tensions and Challenges

– July 19, 2020

“The aim should be to strictly fence off and limit the scope of coercive public health as both an ideal and a practice. We should think of it as something like a nuclear reactor core – useful, even essential but something that needs to be tightly contained. This is the kind of project and activity that individualists and classical liberals should be engaged in.” ~ Stephen Davies

READ MORE