Nixonomics in Retrospect: Devaluation and Wage-Price Controls, August 15, 1971
“Many costly tax and other economic policy mistakes were made in the seventies, but the worst problems of the 1973-82 stagflationary era by far were the legacy of terrible monetary and regulatory blunders made in 1971.” ~ Alan Reynolds
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Are Big Companies Ripping Us Off?
“Politicians who benefit by pretending to ameliorate even the most minor complaints take action, regulate voluntary transactions, and affect how gains from trade can be distributed or even occur.” ~ Anthony Gill
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Teaching Introductory Economics
“Economics supplies indispensable mental habits and analytical tools for gaining a better understanding of why and how it is that each of us, every moment of every day, enjoy the fruits of the labors and creativity of literally billions of strangers.”~ Donald J. Boudreaux
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Energy Infamy: Nixon’s 1971 Price Controls Turn 50
“The 1970s stand as one of most grievous eras in the history of energy, and public policy in general. And it happened as a byproduct of a seemingly innocuous, temporary government intervention.” ~ Robert L. Bradley Jr.
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Baptists, Bootleggers, and (Pretend-) Meat
“There are plenty of things in life that are unhealthy and/or dangerous. Maybe I’m just a knee-jerk libertarian, but I think adults should be free to make their own choices about the levels of risk they’re willing to incur.” ~ Daniel J. Mitchell
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How Tether Can Improve Its Pie Chart
“Tether will be publishing its next pie chart sometime in the middle of August. Given its flagging issuance, Tether has every reason to do a better job than before. The whole cryptocurrency world will be watching.” ~ J.P. Koning
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Government Action and Private Unions
“The Supreme Court should directly address exclusive representation in both private and government employment. It may agree to hear such arguments in some appropriate future case.” ~ Charles W. Baird
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History Lessons: The Case Against Regulating ESG Ratings Agencies
“This history lesson strongly suggests to us that security regulators should refrain from endorsing any particular ESG metric. Sadly, security regulators around the world appear to be intent on repeating the mistakes made by the SEC in the 1970s.” ~ Robert E. Wright & Andrew Smith
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Can Antitrust Action Against Tech Giants Make the World Better Off?
“In passing judgment on the antitrust legislation that bears his name, Senator John Sherman might have done to American businesses and consumers what his elder brother General William T. Sherman did for the immediate well-being of Atlanta.” ~ Christopher Lingle
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Sacred Is as Sacred Sells
“While a precise value of sacred claims that stop mining or pipelines cannot be assigned, the impact of successful claims can certainly be measured in the value of lost jobs, higher prices for less abundant materials like lithium, delays and costs in slowing global warming.” ~ Wallace Kaufman
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Law But No Order
“When The Law applies equally and recognizes that everyone has an equal right to life, freedom, and property, rent-seeking cannot bear fruit. It no longer detracts resources from more productive activities. The winners are those who add value to others’ lives.” ~ Sophia Spinazze
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Not Smart Financial Regulation
“U.S. financial regulators approved the NSFR despite the fact that their own evidence showed the costs of the rule exceed its benefits. That’s Not Smart Financial Regulation.” ~ Thomas L. Hogan
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