Topic: Free Markets

frankfurt

The Fiscal Centralization of Europe Will Not End Well

– August 5, 2020

“Europe may be experiencing a ‘Hamiltonian moment,’ but the path towards a federal Europe will remain both long and tortuous. Political opposition to the European experiment has been growing as the perceived costs of membership of the EU begins to eclipse the benefits for some members of the Union.” ~ Colin Lloyd

READ MORE

The Economic Performance of Coronavirus Sweden

– July 29, 2020

“Economically, as far as we can tell, Sweden has been comparatively successful, but the projections between various economic institutions and statistics agencies still vary way too much for us to be entirely certain about this. In a year where models and forecasts have been widely off the mark, we should interpret this conservatively.” ~ Joakim Book

READ MORE
clemson football

We Need College Sports This Fall

– July 29, 2020

“The hundreds of thousands of cooperative players, vendors, restaurant and hotel owners, bartenders, waiters, waitresses, and untold millions of fans who have suffered personally, socially, and economically since March cannot bear the losses for much longer, let alone face shortened or canceled seasons. This is our chance to learn from the mistakes made with spring and summer sports and continue with the originally planned college football season. The losses already go far beyond losing games.” ~ Evelyn O’Byrne

READ MORE
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