“Production is a means; consumption is the end. The consumer-welfare standard is nothing more, nor less, than an understanding and acceptance of this fundamental economic reality.” ~ Donald J. Boudreaux
READ MORE“There is no plausible case to be made that for us Americans to improve our comparative advantages we need government to protect us from foreign competition.” ~ Donald J. Boudreaux
READ MORE“Unlike market participants guided by prices, politicians and administrators literally have no reliable information to guide them. They will therefore be guided exclusively by their own biases and hunches.” ~ Donald J. Boudreaux
READ MORE“The lesson of Southwest Airlines’ debacle is not that it was ‘dumb’ or ‘shortsighted.’ Rather, it should make all of us think more deeply about the opportunity costs and benefits of small, or marginal changes in this efficiency-resiliency tradeoff.” ~ Craig J. Richardson
READ MORE“Overzealous regulation of pilot credentialing (by Congress, rather than carriers, insurers, or other stakeholders) have ensured the budget-conscious and the small-town traveler will both be getting a lot less service from airlines.” ~ Laura Williams
READ MORE“Before, rolling blackouts were a California problem, then they also became a Texas problem. Blackouts are spreading faster than even Imperial College London modelers would find believable.” ~ Jon Sanders
READ MORE“No matter what virtue-signalers claim, we would be shooting ourselves in the foot by trying to mitigate the effects of industry on the environment by reversing technological advancement.” ~ Jason Reed
READ MORE“Removing sand from the country’s collective transportation gears will also require more imaginative solutions such as congestion pricing, privatization, zoning reforms, and transportation options beyond cars.” ~ Colin Grabow
READ MORE“The political proposals will be flashy and brief. The market forces making every chip, and powering our modern world, operate on a much longer timeline. ” ~ Laura Williams
READ MORE“The only jobs protected are those in the politically favored companies whose inefficiencies are protected from competition at the expense of other domestic jobs lost and higher prices on consumers.” ~ Brian Balfour
READ MORE“As a result of the FDA’s warning letter, the latest version of the Smart Sock no longer monitors an infant’s heart or lungs. The FDA drove parents’ best option to carefully monitor their baby’s vital organ function off the market.” ~ Raymond J. March
READ MORE“The American System’s modern rehabilitators conveniently leave out the fact that every time it was tried in the 19th and early 20th centuries, Clay’s program unleashed a torrent of preventable policy disasters.” ~ Phillip W. Magness & James R. Harrigan
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