Economic Education
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Hail to the Chief, President 6PRKr4!
“Assign to each candidate for high office a new, sterile name – something that reads like an abbreviated VIN for an automobile. For example: 6PRKr4. In fact, call it a PIN – ‘Politician Identification Number.'” ~ Donald J. Boudreaux
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Ideas and Consequences: Seeing Visions Everywhere
“My vision is that we learn how to dress up a grumpy realism in snazzier clothing, and capture the noble aspirations of the unconstrained visionaries among us.” ~ Bruce Rottman
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What’s Called “Common Good Capitalism” Would Work Against the Common Good
“Because innovation is destined not only to reveal new ends that must be fitted into — and, hence, disrupt — the ‘common good capitalist’ plan, but also to create new and unanticipated means of pursuing ends, innovation must be suppressed if any ‘common good capitalist’ plan is to be seriously imposed.” ~ Donald J. Boudreaux
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Back to the Future: The Biden Administration’s Loan Level Price Adjustment and a Repeat of the Housing Crisis
“The LLPA would be immediately damaging to all Americans who have done the right thing, established solid credit and saved for an adequate down payment. It would be eventually damaging to those who are given unsustainable mortgages.” ~ H. Shelton Weeks & Nikolai G. Wenzel
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Job Gentrification: Three Questions as a Way of Teaching About Minimum Wages
“If you force much higher wages — and a ‘living wage’ of $15/hour for an entry-level job in fast food is much higher — then you will ‘gentrify” jobs.’ ~ Michael C. Munger
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The Global Market Miracle of the 99-cent Pineapple
“When past centuries’ most-iconic luxuries become commonplace and affordable, we always have specialization and market innovations to thank.” ~ Laura Williams
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It Depends—Is This an Economics Exam or the Real World?
“Because of how important it is to recognize the initial questions which must be asked to move toward large numbers of real-world judgments, I have modified my exams to force students to confront those issues on occasion.” ~ Gary M. Galles
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Some Factual and Economic Errors of “Common Good Capitalism”
“Arguments for ‘common good capitalism’ are chock-a-block both with factual errors and faulty economic reasoning of a sort not found in arguments for true capitalism.” ~ Donald J. Boudreaux
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Focusing Exclusively on “Creating Jobs” Can Do More Harm Than Good
“Public policy should seek to free up entrepreneurs to invest in improving productivity, and be sure not to create incentives that discourage the accumulation of productivity-enhancing capital.” ~ Brian Balfour
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Protectionism Benefits Some at the Expense of Others
“We shouldn’t want our lawmakers to play favorites between domestic interests, and people should be more skeptical when policymakers dip into protectionist rhetoric.” ~ James M. Hohman
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•
Hail to the Chief, President 6PRKr4!
“Assign to each candidate for high office a new, sterile name – something that reads like an abbreviated VIN for an automobile. For example: 6PRKr4. In fact, call it a PIN – ‘Politician Identification Number.'” ~ Donald J. Boudreaux
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•
Ideas and Consequences: Seeing Visions Everywhere
“My vision is that we learn how to dress up a grumpy realism in snazzier clothing, and capture the noble aspirations of the unconstrained visionaries among us.” ~ Bruce Rottman
-
•
What’s Called “Common Good Capitalism” Would Work Against the Common Good
“Because innovation is destined not only to reveal new ends that must be fitted into — and, hence, disrupt — the ‘common good capitalist’ plan, but also to create new and unanticipated means of pursuing ends, innovation must be suppressed if any ‘common good capitalist’ plan is to be seriously imposed.” ~ Donald J. Boudreaux
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•
Back to the Future: The Biden Administration’s Loan Level Price Adjustment and a Repeat of the Housing Crisis
“The LLPA would be immediately damaging to all Americans who have done the right thing, established solid credit and saved for an adequate down payment. It would be eventually damaging to those who are given unsustainable mortgages.” ~ H. Shelton Weeks & Nikolai G. Wenzel
-
•
Job Gentrification: Three Questions as a Way of Teaching About Minimum Wages
“If you force much higher wages — and a ‘living wage’ of $15/hour for an entry-level job in fast food is much higher — then you will ‘gentrify” jobs.’ ~ Michael C. Munger
-
•
The Global Market Miracle of the 99-cent Pineapple
“When past centuries’ most-iconic luxuries become commonplace and affordable, we always have specialization and market innovations to thank.” ~ Laura Williams
-
•
It Depends—Is This an Economics Exam or the Real World?
“Because of how important it is to recognize the initial questions which must be asked to move toward large numbers of real-world judgments, I have modified my exams to force students to confront those issues on occasion.” ~ Gary M. Galles
-
•
Some Factual and Economic Errors of “Common Good Capitalism”
“Arguments for ‘common good capitalism’ are chock-a-block both with factual errors and faulty economic reasoning of a sort not found in arguments for true capitalism.” ~ Donald J. Boudreaux
-
•
Focusing Exclusively on “Creating Jobs” Can Do More Harm Than Good
“Public policy should seek to free up entrepreneurs to invest in improving productivity, and be sure not to create incentives that discourage the accumulation of productivity-enhancing capital.” ~ Brian Balfour
-
•
Protectionism Benefits Some at the Expense of Others
“We shouldn’t want our lawmakers to play favorites between domestic interests, and people should be more skeptical when policymakers dip into protectionist rhetoric.” ~ James M. Hohman