Paul Krugman’s Ad Hominem Defense of Central Banking

– August 3, 2020

“Paul Krugman may hide behind rude and crude ad hominem attacks on those who do not share his views, but that does not prove his case. It only serves to harm his own reputation and legitimacy in the arena of public policy debate.” ~ Richard M. Ebeling

READ MORE
fireworks

William Harold Hutt: A Birthday Appreciation

– August 3, 2020

“Hutt was a complex thinker in a difficult time who worked to split the difference between the best world we can imagine and the best world that is feasible subject to the constraints we face in the world we actually inhabit. As Ludwig von Mises put it, “Professor Hutt’s rank among the outstanding economists of our age is not contested by any competent critic.” May his contributions endure in our age and in ages to come.” ~ Art Carden

READ MORE

Is Immunity a Case of Rothbard’s Lost Knowledge?

– August 2, 2020

“Murray Rothbard right now would surely be astonished at how medical ignorance, fake science, and the lust for power all combined so suddenly to create the greatest global crisis in modern history for the cause of liberty to which he devoted his life.” ~ Jeffrey Tucker

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
plato statue

The Epistemic Burden of Politics

– July 20, 2020

“In the pursuit of a more perfect union and better decision-making, we should begin to contemplate the epistemic limits of government. To inquire into the limits of knowledge acquisition and understanding. To what extent can those at the individual, local, state, and federal level act with an adequate understanding of the consequences of their actions and the needs of those they govern?” ~ Ethan Yang

READ MORE
book

The Essential Joseph Schumpeter: An Easy and Accessible Introduction to an Important and Complex Thinker

– July 14, 2020

“Joseph Alois Schumpeter made enduring and important contributions that have stood and will continue to stand the test of time. The Essential Schumpeter is a useful introduction to the man and his ideas, and both the text and the accompanying videos will serve students, instructors, and interested lay people very well.” ~ Art Carden

READ MORE
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

READ MORE
broken windows, brick building

Opposing Subsidies Isn’t Opposing What’s Subsidized: Bastiat’s Lesson

– July 2, 2020

“Among the dead and largely forgotten, Bastiat is worth reading for the depth of his insight and the clarity of his exposition. His articles and essays expose the hidden absurdity of a lot of proposals to “encourage the national labour” by subsidizing the arts, by blocking out the sun to benefit the candlemakers, or by building a negative railroad consisting of nothing but stops.” ~ Art Carden

READ MORE

Robert William Fogel (1926-2013): A Birthday Appreciation

– July 1, 2020

His students report that Fogel had a dictum: If it’s worth doing, it’s worth spending ten years of your life doing it right. Fogel was a master at finding the right questions, finding the right methods and data to answer them, and–importantly–putting in the work to ensure that in the long run, we get things right.” ~ Art Carden

READ MORE
Park, Saint Cloud

“The Most Brilliant Economic Journalist Who Ever Lived”: A Birthday Appreciation of Frederic Bastiat

– June 30, 2020

“Bastiat was one of the nineteenth century’s most eloquent defenders of liberty and dignity, and Joseph Schumpeter was clearly right to describe him as “the most brilliant economic journalist who ever lived.” He has heirs, but no equals.” ~ Art Carden

READ MORE
robot, text, planning

Why Facts Don’t Matter to People

– June 24, 2020

“COVID-19 has forced many of our well-intentioned friends into what some call liminal space—’a space where you have left something behind, yet you are not yet fully in something else.'” ~ Barry Brownstein

READ MORE
people, brazil

Thomas Sowell at 90: Understanding Race Relations Around the World

– June 16, 2020

“Now, at the age of 90, Thomas Sowell continues to offer us understanding and insight into the attitudes and institutions that can bring all people greater peace and prosperity, as well as human liberty.” ~ Richard Ebeling

READ MORE