Topic: Free Markets

Avoid the Reductio When Arguing Over the Minimum Wage

– October 28, 2021

“While the reductio is an unsound economic argument against the minimum wage, there remain many sound arguments against this officious intervention. Not the least of these is that a minimum wage will reduce employment options for workers.” ~ Donald J. Boudreaux

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What Progressives Miss in the Bitcoin Energy Debate

– October 26, 2021

“If progressives such as Elizabeth Warren extended their publicly held values of ‘fearless consumer advocacy’ to also apply to those outside the western world, they would see the value of Bitcoin.” ~ David Waugh

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All Value Is Subjective, and That’s a Good Thing

– October 26, 2021

“If anything had intrinsic value, we could only either exchange it for a price precisely matching that value, with neither of us becoming better off, or exchange it for a price different from its ‘true’ value, with one person ending up worse off because of the exchange.” ~ James E. Hanley

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An Open Letter to Phil Magness, by Don Boudreaux

– October 24, 2021

“The future of economic analysis would be brighter if economists today were more knowledgeable about its past – and thought as deeply as did earlier scholars such as Buchanan, Stigler, and Dewey about the nature of competition and the complexities of real-world markets.” ~ Donald J. Boudreaux

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President Biden Can Talk Like a Socialist Precisely Because He Can’t Govern Like One

– October 22, 2021

“The U.S. will turn things around. We always do the right thing in the end. We’re not nearly as fragile as the ‘patriots’ on both sides believe. The croakers have never been right about the U.S., and the view here is that they’re not about to be.” ~ John Tamny

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Do Employers Exploit Workers with Low Wages?

– October 19, 2021

“Any business worth working for will be sensitive to the opportunity costs of their best employees and will reward them accordingly. Employers that consistently keep wages low for their best workers will see them abandon ship quickly.” ~ Anthony Gill

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Deregulation of Consenting Adults

– October 19, 2021

“The Woke need to wake up, look, and listen. America doesn’t want New Zealand’s criminalization of Covid but it should adopt its decriminalization of sex work, including outright prostitution.” ~ Robert E. Wright

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The Crime Dividend of Pandemic Policies

– October 18, 2021

“The tradeoffs of pandemic policies were apparent early on, and now include mounting levels of fraud, theft, and violence. Although it is unlikely, hopefully that revelation will inform future policy choices.” ~ Peter C. Earle

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Facebook Should Stage Regular Outages to Awaken Its Clueless Critics

– October 17, 2021

“Yes, it’s no fun when access is cut off to what routinely pleases you. In that case, maybe Facebook should stage occasional outages as a way of waking up its hapless critics to how much the company’s alleged victims enjoy its free offering.” ~ John Tamny

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The Distorted Market for Woke Capitalism

– October 17, 2021

“The process of awakening corporate America from wokeness will need to be as much a cultural enterprise as it is an exercise in returning business to its proper function in the economy and society more generally.” ~ Samuel Gregg

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Marijuana Legalization: Corporate America Now Leading the Way

– October 15, 2021

“Although government plays a role in confronting abuse, civil institutions have an even more important role in creating informal rules for drug use. We increasingly see this process at work, illustrating an important expansion of liberty in Americans’ lives.” ~ Doug Bandow

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Five College Campus Myths

– October 14, 2021

“Many college students and young people are remarkably receptive to economic theory, but lack the experience with mainline economic education and research to come to sound economic conclusions on their own.” ~ David Gillette & Lauren Frazier

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