Economic Education
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Which Economists Should Have Gotten Nobels Before They Died?
“None of them won the profession’s ultimate honor, however, even though all were deserving. As more and more deserving economists move into their 70s, 80s, and 90s, I can only hope this list doesn’t get longer.” ~ Art Carden
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A Drinking Man’s Guide to Monetary Policy
“Just like drinking, expansionary monetary policy can provide a temporary (or transitory) high at first (faster real output growth and reduced unemployment). However, the ill effects come later (in an inflation “hangover”).” ~ Gary M. Galles
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Rent Selling Countries are More Corrupt and Less Wealthy
“The real cronies are those who demand and supply interventionism. Despite their claims, they can’t get money out of politics, or reduce corruption, because they’re so eager to inject politics into money-making.” ~ Richard M. Salsman
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The Folly of Debt Cancellation
“Discharging foreign debt undermines financial institutions, distorts prices, redistributes resources, and impairs the integrity of all parties. It also risks becoming the default practice, as political choices undertaken under exigent circumstances all too frequently do.” ~ Peter C. Earle
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Your Argument Implies…
“Because no protectionist can possibly explain how prosperity is increased by arranging for resources to be so wasted, every protectionist argument in the end is an instance of illogical stupidity, pure and simple.” ~ Donald J. Boudreaux
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Power Economics
“The writings and activities of ordoliberalism’s first generation remind us that grasping power’s pivotal role in any economy is crucial for understanding economic conditions as well as for developing strategies for advancing values like liberty and rule of law.” ~ Samuel Gregg
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The PFAS Packaging Predicament: McDonald’s Isn’t Loving It
“Experimentation is necessary for firms to advance their offerings, which can lead to an improved society. Consumers should be wary of using the power of the courts rather than the power of their purse to influence business practices.” ~ Kimberlee Josephson
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Are EUAs Deregulation or Regulatory Capture?
“As the pandemic ends, there are plenty of frustrating examples of what went wrong. Let’s hope deregulation is remembered as an example of what went right.” ~ Raymond J. March
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Adele Spitzeder, the Queen of Confidence Tricksters
“Adele Spitzeder (1832-1895) was active in Bavaria from 1869 to 1872. She founded and operated the Dachauer Bank, which may have been the first Ponzi scheme in history.” ~ Robert F. Mulligan
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Can Capitalism Survive? 80 Years After Schumpeter’s Answer
“Our task is to do all in our power and ability to revive an understanding of and inspire a desire to preserve, restore, and extend the ideal and practice of the truly free society.” ~ Richard M. Ebeling
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•
Which Economists Should Have Gotten Nobels Before They Died?
“None of them won the profession’s ultimate honor, however, even though all were deserving. As more and more deserving economists move into their 70s, 80s, and 90s, I can only hope this list doesn’t get longer.” ~ Art Carden
-
•
A Drinking Man’s Guide to Monetary Policy
“Just like drinking, expansionary monetary policy can provide a temporary (or transitory) high at first (faster real output growth and reduced unemployment). However, the ill effects come later (in an inflation “hangover”).” ~ Gary M. Galles
-
•
Rent Selling Countries are More Corrupt and Less Wealthy
“The real cronies are those who demand and supply interventionism. Despite their claims, they can’t get money out of politics, or reduce corruption, because they’re so eager to inject politics into money-making.” ~ Richard M. Salsman
-
•
The Folly of Debt Cancellation
“Discharging foreign debt undermines financial institutions, distorts prices, redistributes resources, and impairs the integrity of all parties. It also risks becoming the default practice, as political choices undertaken under exigent circumstances all too frequently do.” ~ Peter C. Earle
-
•
Your Argument Implies…
“Because no protectionist can possibly explain how prosperity is increased by arranging for resources to be so wasted, every protectionist argument in the end is an instance of illogical stupidity, pure and simple.” ~ Donald J. Boudreaux
-
•
Power Economics
“The writings and activities of ordoliberalism’s first generation remind us that grasping power’s pivotal role in any economy is crucial for understanding economic conditions as well as for developing strategies for advancing values like liberty and rule of law.” ~ Samuel Gregg
-
•
The PFAS Packaging Predicament: McDonald’s Isn’t Loving It
“Experimentation is necessary for firms to advance their offerings, which can lead to an improved society. Consumers should be wary of using the power of the courts rather than the power of their purse to influence business practices.” ~ Kimberlee Josephson
-
•
Are EUAs Deregulation or Regulatory Capture?
“As the pandemic ends, there are plenty of frustrating examples of what went wrong. Let’s hope deregulation is remembered as an example of what went right.” ~ Raymond J. March
-
•
Adele Spitzeder, the Queen of Confidence Tricksters
“Adele Spitzeder (1832-1895) was active in Bavaria from 1869 to 1872. She founded and operated the Dachauer Bank, which may have been the first Ponzi scheme in history.” ~ Robert F. Mulligan
-
•
Can Capitalism Survive? 80 Years After Schumpeter’s Answer
“Our task is to do all in our power and ability to revive an understanding of and inspire a desire to preserve, restore, and extend the ideal and practice of the truly free society.” ~ Richard M. Ebeling