Topic: Free Markets

path, mountains

A Keynesian Path Would Be the Wrong Path for the U.S. Economy

– July 15, 2020

“Following a crisis, countries with higher levels of economic freedom–that is, with institutions closer to those proposed by Hayek than Keynes–suffered smaller economic contractions and faster recoveries. Keynesian ideas have dominated the political worldview for decades. But we would be better off following Hayek.” ~ Nicolás Cachanosky

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tickets

How Much Should You Sell Your Vote For This November?

– July 15, 2020

“All that can be said for certain is that in most states it is now quite possible to do so and that the masked stranger does not even have to work for a political party or candidate. In fact, vote buying solves problems for donors by ensuring maximum effect for each dollar spent and by sidestepping campaign finance laws.” ~ Robert E. Wright

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hands, tree

On Externalities and Noise

– July 15, 2020

“There is no world where trade-offs don’t apply, where we can have all the nice things we want without anybody, anywhere, getting upset. Externalities are everywhere, but if we want to live prosperous lives, some part of those lives will be impacted by others. Get over it.” ~ Joakim Book

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planners

Who Is Making Decisions about Our Lives

– July 13, 2020

“What reason is there to trust that These People who never look past the next election – and who always ignore consequences that are difficult to see if these consequences are spread over large numbers of individuals – are making a prudently considered trade-off between the lockdown’s costs and its benefits?” ~ Donald J. Boudreaux

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amazon delivery packages

Extend the Market, As Far as Possible

– July 11, 2020

“Private enterprise and private governance pushed along by people seeking little more than their own advantages work remarkably well. If you want more evidence, look no further than the package on your doorstep.” ~ Art Carden

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female farmer

A Green Minimum Wage

– July 10, 2020

“Farmers who want to retain good, experienced farm hands should be free to pay a dollar a week, day, hour, or minute to those same people, as they mutually agree. And when the world not only does not end but improves due to the policy, let’s extend it to other types of employers as well.” ~ Robert E. Wright

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Entrepreneurship and the Human Experience

Entrepreneurship and the Human Experience

– July 9, 2020

“Economics should not be viewed as a clean and sterile science that seeks to chart the world with equations. Rather it should seek to understand the oftentimes chaotic and messy nature of the market driven by the grit and wit of entrepreneurs.” ~ Ethan Yang

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The Economy after COVID-19

– July 7, 2020

“One thing is certain: life in America is not going to be the same after COVID-19. Like the Great Depression and World War II, the pandemic will exert an impact for years, perhaps even decades, on the nation’s economic and political fortunes.” ~ James D. Gwartney

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flag

Liberty Is the Theme of the American Spirit

– July 6, 2020

“However you may have enjoyed and celebrated the 4th of July in these unusual times, be sure to keep in mind that what that day is really all about is the hope and reality of free human beings in a free world based on the moving and profoundly moral ideals expressed in the Declaration of Independence: that individual liberty is natural, moral, and necessary if people are to find personal happiness and fulfillment, along with prosperity.” ~ Richard M. Ebeling

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market, people

Strata of the Unseen

– July 6, 2020

“When an economist reminds you to pay attention to what is unseen, he or she counsels you to humbly understand that a modern market economy is far too complex and inescapably reliant upon trial-and-error experimentation to enable the interventionist schemes that are forever being proposed to succeed.” ~ Donald J. Boudreaux

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What Good Comes from this Tragedy?

– July 6, 2020

“I suspect that many intelligent people have lost faith in the news, re-discovered frugality, and found a new way to commit themselves to the defense of liberty and human rights. In the coming days, we are going to need stronger and smarter minds to fight the battles of the future. These terrible months might have been the preparation we need to make sure that truth and freedom eventually prevail.” ~ Jeffrey Tucker

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sledgehammer smashing glass

Smash the COVID Orthodoxy

– July 4, 2020

“In a time of industrial levels of draconian lockdown measures, of fear-mongering and politicization, a failure to speak out against the orthodoxy will only lead to more pain and suffering. Perhaps the status quo is the best way forward, but we will never know unless we have more voices in the conversation. When this is all over, history will remember those who were brave enough to speak out, insightful enough to weigh all the options, wise enough to consider the future, and most importantly those who stood for principle.” ~ Ethan Yang

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