Art Carden
Senior Fellow
Art Carden is a Senior Fellow at the American Institute for Economic Research. He is also an Associate Professor of Economics at Samford University in Birmingham, Alabama and a Research Fellow at the Independent Institute.
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Another Stack of Books You Should Read
One lesson you should take from that is that as much as this sounds like the takeaway point from a bad high school commencement address, the end of your formal schooling is just the beginning of a life of sustained inquiry.
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Coffee Robots are Not Causing Homeless People to Starve
Does the picture of a huddled mass of homeless people outside a robotic coffee shop suggest the ruins of late-stage capitalism? I think not. It represents instead the “great deal of ruin” policymakers create when they make policy as if the laws of supply and demand are optional.
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Money Is a Humane Technology
Pretty much every economics textbook explains how money has four functions. It is first and foremost a medium of exchange, and it ultimately derives all of its other functions from its usefulness as a medium of exchange.
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What Gordon Ramsay Reveals about Monetary Economics
What does the Austrian theory of the trade cycle have to do with Gordon Ramsay? Plenty.
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How Do Bankers Create Value?
Successful banks move resources from lower-value to higher-value uses while unsuccessful banks move resources from higher-value to lower-value uses.
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Abolish the Barber Board
If getting rid of the regulations would be of such unambiguous benefit to Arkansans, why doesn’t it happen swiftly?
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Yes You Can Be Too Careful
Just because something is possible doesn’t mean it’s likely, though — or worth more than cursory attention.
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How Keith Flint Demonstrated that There are No Limits to Progress
Just as we come up with ever-newer ways to combine materials into new goods and services, people are constantly coming up with new ways to combine sounds into music.
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Lobbying Is Like Robbing a Record Store
Society is worse off to the tune of what these firms would have produced had they actually devoted those resources to creating wealth rather than simply redistributing it.
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•
How to Turn a Mild Weather Problem Into a Real Emergency
The governor has acted quickly. The governor has acted decisively. The governor has issued a proclamation that will make matters worse.
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•
Another Stack of Books You Should Read
One lesson you should take from that is that as much as this sounds like the takeaway point from a bad high school commencement address, the end of your formal schooling is just the beginning of a life of sustained inquiry.
-
•
Coffee Robots are Not Causing Homeless People to Starve
Does the picture of a huddled mass of homeless people outside a robotic coffee shop suggest the ruins of late-stage capitalism? I think not. It represents instead the “great deal of ruin” policymakers create when they make policy as if the laws of supply and demand are optional.
-
•
Money Is a Humane Technology
Pretty much every economics textbook explains how money has four functions. It is first and foremost a medium of exchange, and it ultimately derives all of its other functions from its usefulness as a medium of exchange.
-
•
What Gordon Ramsay Reveals about Monetary Economics
What does the Austrian theory of the trade cycle have to do with Gordon Ramsay? Plenty.
-
•
How Do Bankers Create Value?
Successful banks move resources from lower-value to higher-value uses while unsuccessful banks move resources from higher-value to lower-value uses.
-
•
Abolish the Barber Board
If getting rid of the regulations would be of such unambiguous benefit to Arkansans, why doesn’t it happen swiftly?
-
•
Yes You Can Be Too Careful
Just because something is possible doesn’t mean it’s likely, though — or worth more than cursory attention.
-
•
How Keith Flint Demonstrated that There are No Limits to Progress
Just as we come up with ever-newer ways to combine materials into new goods and services, people are constantly coming up with new ways to combine sounds into music.
-
•
Lobbying Is Like Robbing a Record Store
Society is worse off to the tune of what these firms would have produced had they actually devoted those resources to creating wealth rather than simply redistributing it.
-
•
How to Turn a Mild Weather Problem Into a Real Emergency
The governor has acted quickly. The governor has acted decisively. The governor has issued a proclamation that will make matters worse.