Economic Education
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I See Dead Policies
“Firms can do anything they want. Just as long as they don’t charge a price that’s more than consumers think they should have to pay, the same as competitors, or less than other firms can match.” ~ Michael Munger
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To Consumers, All Costs are Transaction Costs
“Remember, transaction costs are triangulation, transfer, and trust.” ~ Michael Munger
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Do Your Civic Duty and Fill Out the Customer Survey
“Should you spend your time voting, preparing to vote, researching the candidates, and so on? Or should you take five or ten minutes to fill out the customer satisfaction survey that you were emailed after your last flight or hotel stay?” ~ Art Carden
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Politics as Self-Interest: Housing Is the Exception That Proves the Rule
“The costs of NIMBYism hit renters, landowners, employers, and future generations hard. But of those groups, only landowners have the direct incentive to show up to support projects being built on their own land. ” ~ Jason Sorens
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Wealth Taxes: The Tale of “Tuh”
“Wealth taxes are premised on the idea that since security services make wealth more valuable, the wealthy have to pay a share of the value ‘created’ by the state. But that’s ridiculous.”
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The Socialist Generation Debate
“The information required to ‘calculate’ the correct choice literally does not exist until market processes are allowed to generate information about the relative opportunity costs of various resources.” ~ Michael Munger
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The Greedflation Myth
“Politicians on the left would like us to believe inflation is caused by greedy corporations. And some academics are all too happy to provide them with theoretical cover.” ~ William J. Luther
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You Use the Roads, Don’t You?
“Having resources taken from you against your will, and then accepting the return of some of those resources, in the form of a monopoly road system, does not make you a free rider.” ~ Michael C. Munger
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A Book to Help Young Americans Understand Economics: Economics in Action by Brian Balfour
“Countering the plague of economic falsehoods and disinformation that statists constantly spread is crucial to our liberty, and this book does so brilliantly.” ~ George Leef
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Reduce, Reuse, and…Refuse?
“The last thing we want is to make our virtue signaling but inefficient recycling the modern equivalent of buying indulgences to atone for alleged environmental sins.” ~ Bruce Rottman
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I See Dead Policies
“Firms can do anything they want. Just as long as they don’t charge a price that’s more than consumers think they should have to pay, the same as competitors, or less than other firms can match.” ~ Michael Munger
-
•
To Consumers, All Costs are Transaction Costs
“Remember, transaction costs are triangulation, transfer, and trust.” ~ Michael Munger
-
•
Do Your Civic Duty and Fill Out the Customer Survey
“Should you spend your time voting, preparing to vote, researching the candidates, and so on? Or should you take five or ten minutes to fill out the customer satisfaction survey that you were emailed after your last flight or hotel stay?” ~ Art Carden
-
•
Politics as Self-Interest: Housing Is the Exception That Proves the Rule
“The costs of NIMBYism hit renters, landowners, employers, and future generations hard. But of those groups, only landowners have the direct incentive to show up to support projects being built on their own land. ” ~ Jason Sorens
-
•
Wealth Taxes: The Tale of “Tuh”
“Wealth taxes are premised on the idea that since security services make wealth more valuable, the wealthy have to pay a share of the value ‘created’ by the state. But that’s ridiculous.”
-
•
The Socialist Generation Debate
“The information required to ‘calculate’ the correct choice literally does not exist until market processes are allowed to generate information about the relative opportunity costs of various resources.” ~ Michael Munger
-
•
The Greedflation Myth
“Politicians on the left would like us to believe inflation is caused by greedy corporations. And some academics are all too happy to provide them with theoretical cover.” ~ William J. Luther
-
•
You Use the Roads, Don’t You?
“Having resources taken from you against your will, and then accepting the return of some of those resources, in the form of a monopoly road system, does not make you a free rider.” ~ Michael C. Munger
-
•
A Book to Help Young Americans Understand Economics: Economics in Action by Brian Balfour
“Countering the plague of economic falsehoods and disinformation that statists constantly spread is crucial to our liberty, and this book does so brilliantly.” ~ George Leef
-
•
Reduce, Reuse, and…Refuse?
“The last thing we want is to make our virtue signaling but inefficient recycling the modern equivalent of buying indulgences to atone for alleged environmental sins.” ~ Bruce Rottman