Topic: Free Markets

Free Riding, Expressive Voting and Charity

– July 6, 2022

“To the extent the free-rider problem does arise, it is true that government intervention can change how much charity is provided. But that does not mean the result is closer to what we ‘really want’ to give than what we actually give.” ~ Gary M. Galles

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Four Amazing Differences

– July 3, 2022

“What causes the great and overwhelmingly successful coordination across the globe of the productive efforts of billions of strangers? And why is this coordination so silent and incessant that we take it for granted? We hardly notice it.” ~ Donald J. Boudreaux

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The Perpetual Tragedy of New York’s Rent Control

– June 30, 2022

“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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The “Unlivable” World of Global Warming Is Much Wealthier Than Today

– June 29, 2022

“If one truly believes the very existence of humanity is at stake, no regulation goes too far, and no social control is too strict, in order to save our species. And that is a price none of us should have to pay.” ~ James E. Hanley

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Studying Economics Instills Gratitude

– June 28, 2022

“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”

– June 27, 2022

“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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Tribalism’s Big Lie

– June 26, 2022

“Over the past 200 years, explosive economic growth and advances in material well-being came as we transcended tribal thinking. Embrace the reality of a common humanity shared with all. We descend into primitive tribal thinking at our peril.” ~ Barry Brownstein

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Adam Smith’s Synergistic Moral Authorizations

– June 24, 2022

“Smith teaches how we do our part in serving the good of the whole; how in focusing diligently on the good of our part we serve that of the whole; and how freedom fortifies the remarkable correspondence between those two goods.” ~ Erik Matson

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With Friends Like These, Who Needs Enemies?

– June 22, 2022

“Unfortunately, the patriotic protectionism story confuses American consumers’ friends and enemies. Our supposed enemies, foreign producers, are actually our friends, and our supposed friends, domestic producers and the US government, are actually our enemies.” ~ Gary M. Galles

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Looking Back on the Publication and Reception of Democracy in Chains

– June 20, 2022

“I suspect that MacLean really believes that her fables capture and convey important truths. But whether in this assessment I am correct or incorrect, one conclusion is airtight: As a scholar, Nancy MacLean is an utter disgrace.” ~ Donald J. Boudreaux

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Student-Loan Forgiveness Will Cover Non-Education Purchases, Say, Newer Cars

– June 17, 2022

“The fungibility of student loans means that taxpayers will be saddled with paying for parents’ and students’ non-college purchases. Many professors will, understandably, root for student-loan forgiveness.” ~ Richard McKenzie

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This Old House Testifies to the Marvels of the Market Economy

– June 14, 2022

“It’s impossible to convey in words the amount of specialized knowledge, as well as the amazingness of modern building materials and tools, that are routinely, and entertainingly displayed in each and every episode of This Old House.” ~ Donald J. Boudreaux

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