Moral hazard is a fact of life. The Fed should focus on inflation.
“To the shame of two generations of economists-turned-policy-advisors, moral hazard is a fact of life. We don’t need to add permanent dollar depreciation to this mess.” ~ Alexander William Salter
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Liberalism Needs No Enemies
“Minds can be creative or destructive. Be right-minded. Stop justifying grievances. Embrace liberalism. Value voluntary cooperation; as you help others flourish, you will flourish.” ~ Barry Brownstein
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Who Owns Alexander Hamilton?
“Perhaps the most important thing to understand about Alexander Hamilton today, however, is that he did not, repeat, did not, espouse massive government, militarism, or protective tariffs.” ~ Robert E. Wright
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People Should be “Seething Mad” Over COVID – And Much More
“The government’s authoritarian COVID policies are just the most visible proof that it’s a terrible idea to turn anything of importance over to government control.” ~ George Leef
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The Calling of Classical Liberal Researchers: Remind Your Neighbor
“Classical liberals who lead research endeavors need to persuade not only fellow researchers, but the audience of the research, including the anti-liberal minefield of academia.” ~ Daniel B. Klein
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Is it a LOLR? No, It’s a Trap
“The reason this is infuriating is that we are being told that taxpayers should be willing to double down, to reimburse even-more-careless depositors for their negligent inattention to risk.” ~ Michael C. Munger
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Minimum Wage Hurts Whom It Claims to Help
“Being able to work, and feel productive, is an important part of the social aspect of our economy. Service jobs are disappearing fast enough, without having the process accelerated by misguided support for increasing the minimum wage.” ~ Michael C. Munger
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FDIC: No Savior Then or Now
“It is not clear that some sort of enhanced stockholder liability has yet returned to the Overton Window, but it is possible that Americans will point out the hypocrisy of the Biden administration’s raising taxes on the rich with one hand while bailing them out with the other.” ~ Robert E. Wright
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How Ethical Consumption Emboldens Certification Systems and Rent Seeking Agencies
“What is most worrisome about Fair Trade is that it normalizes producer practices according to what is approved by certifiers, and takes away producer choice in terms of business conduct.” ~ Kimberlee Josephson
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Pulse Checking Healthcare Choice
“Improved transparency would help free both patients and providers from the current warped incentives and political jockeying that leave Americans holding a hefty bill over which they have little choice.” ~ David Gillette & Lauren Frazier
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The Dark Magic of Promotio Competitio
“There is no point in struggling if there is no end to be achieved. Promotio Competitio should be relegated to the corner of forbidden, dark magic. Instead, I suggest we embrace Freedom Protecto and Celebratio Successio.” ~ Robertas Bakula
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Bottle Rockets and Falling Skies: How SVB Crashed and Why It’s Not the End of the World
“Their failure to take steps to hedge against imminent deflationary policy was grossly negligent, and ultimately unlikely to be repeated by bank managers whose responsibilities extend beyond a specific boutique market.” ~ Tarnell Brown
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