Contributor
Dr. Daniel J. Smith is the Director of the Political Economy Research Institute and Associate Professor of Economics in the Jones College of Business at Middle Tennessee State University.
His academic research and policy workย uses Austrian and public choice economics to analyze private and public governance institutions.
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Herbert Hooverโs wartime sugar program generated shortages that led to expanding rationing systems and increasingly centralized control over the allocation of sugar.
From trade policy to public debt, todayโs economic debates echo those of 1776. The problem isnโt a lack of knowledge โ itโs a failure to teach and apply enduring principles.
โข
Greek intervention to โprotectโ farmers rendered a temporary crisis permanent.
โข
Economists design โoptimalโ interventions with caveats and disclaimers. Politicians treat them like irresistible big red buttons.
Inflating entry-level pay risks shutting young workers out of the most reliable path to skill development and long-term earnings.
โข
When every failure is reclassified as โnot real socialism,โ the ideology slips beyond empirical scrutiny and standards of evidence.
Reduced rents for some tenants aren’t worth reducing the supply and quality of housing for everyone else in the city.
โข
Like an alarm clock, an institutional constraint is set in advance keep us from acting rashly when temptation strikes.
โข
“Despite being a well-known mirage, the promises of economic and job growth prove too attractive for local policymakers to resist. This tells us something about their priorities.” ~ Daniel J. Smith
โข
“The AAUP’s panel claims there is no leftward bias in the academy, but with AAUP officials and members condoning and supporting the harassment of faculty on the right, itโs clear thatโs not true. The leftward bias in the academy is real and only appears to be getting worse.” ~ Daniel J. Smith
โข
Herbert Hooverโs wartime sugar program generated shortages that led to expanding rationing systems and increasingly centralized control over the allocation of sugar.
From trade policy to public debt, todayโs economic debates echo those of 1776. The problem isnโt a lack of knowledge โ itโs a failure to teach and apply enduring principles.
โข
Greek intervention to โprotectโ farmers rendered a temporary crisis permanent.
โข
Economists design โoptimalโ interventions with caveats and disclaimers. Politicians treat them like irresistible big red buttons.
Inflating entry-level pay risks shutting young workers out of the most reliable path to skill development and long-term earnings.
โข
When every failure is reclassified as โnot real socialism,โ the ideology slips beyond empirical scrutiny and standards of evidence.
Reduced rents for some tenants aren’t worth reducing the supply and quality of housing for everyone else in the city.
โข
Like an alarm clock, an institutional constraint is set in advance keep us from acting rashly when temptation strikes.
โข
“Despite being a well-known mirage, the promises of economic and job growth prove too attractive for local policymakers to resist. This tells us something about their priorities.” ~ Daniel J. Smith
โข
“The AAUP’s panel claims there is no leftward bias in the academy, but with AAUP officials and members condoning and supporting the harassment of faculty on the right, itโs clear thatโs not true. The leftward bias in the academy is real and only appears to be getting worse.” ~ Daniel J. Smith
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