Economic Education
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High Wages in Markets Are a Result Of – and a Reflection Of – High Worker Productivity
“High wages are a result of – and a reflection of – high productivity. And so contrary to widespread fears of many protectionists, high-productivity workers have nothing to fear from competition with low-productivity workers.” ~ Donald J. Boudreaux
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If You’re Focused On Amazon’s Competition, You’re Missing the Future
“We despise dominance to our everlasting detriment. Commercial dominance in the present is the surest sign of future progress. This truth was plainly alluded to by Frontline’s producers, but not grasped.” ~ John Tamny
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Economic Freedom Is the Way Forward
“There is nothing ‘simplistic’ about adopting the entrepreneurship-and-competition path as the way forward for the American economy. It not only requires a sophisticated understanding of problems, but also demands the courage to act.” ~ Samuel Gregg
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As Fred Smith Steps Down as FedEx CEO, President Biden Steps In It
“Against the longest of odds, billionaires rush a much better future into the present to all of our betterment. Fred Smith’s amazing accomplishments vivify this truth.” ~ John Tamny
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Fear of Hobgoblins Doesn’t Justify Zoning
“Zoning gives government massive power, which has been used arbitrarily. Self-interest, self-selection and differing transportation and infrastructure needs resolve many scare stories when property rights are defended.” ~ Gary M. Galles
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Carl Icahn’s Creative Destruction
“Carl Icahn is a tour-de-force, relentlessly propelling creative destruction over his nearly 60-year career. Creative destruction is sometimes painful but ultimately good, and activist investors like Icahn should be celebrated rather than maligned.” ~ David Waugh
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Microchips and Potato Chips
“The fact that we produce more Z doesn’t imply that we thereby can afford to acquire and use more Z. This reality is inescapable whether ‘Z’ stands for potato chips or for microchips.” ~ Donald J. Boudreaux
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How the Fed Painted Us into a Corner
“Over the months and years to come, it will be very interesting to see how faithfully the Fed pursues its policy of returning interest rates to normal and sustainable levels—approximately 3-4 percent for the federal funds rate.” ~ Robert F. Mulligan
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When “Big Business” Revitalizes the Neighborhood
“With the reopening of Whole Foods, the big in Amazon is bringing energy to a neighborhood that had lost it. It’s also rushing a much better future into the present; one that will force competitors to either advance, or be replaced.” ~ John Tamny
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Why Size Matters, Dependency Debilitates, and Markets Must Be Left Alone
“Let’s bring on the capitalists who can promote value creation and who can champion the virtues of voluntary exchange, since this will allow for not only a rebound but a rebirth of the American economic system.” ~ Kimberlee Josephson
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•
High Wages in Markets Are a Result Of – and a Reflection Of – High Worker Productivity
“High wages are a result of – and a reflection of – high productivity. And so contrary to widespread fears of many protectionists, high-productivity workers have nothing to fear from competition with low-productivity workers.” ~ Donald J. Boudreaux
-
•
If You’re Focused On Amazon’s Competition, You’re Missing the Future
“We despise dominance to our everlasting detriment. Commercial dominance in the present is the surest sign of future progress. This truth was plainly alluded to by Frontline’s producers, but not grasped.” ~ John Tamny
-
•
Economic Freedom Is the Way Forward
“There is nothing ‘simplistic’ about adopting the entrepreneurship-and-competition path as the way forward for the American economy. It not only requires a sophisticated understanding of problems, but also demands the courage to act.” ~ Samuel Gregg
-
•
As Fred Smith Steps Down as FedEx CEO, President Biden Steps In It
“Against the longest of odds, billionaires rush a much better future into the present to all of our betterment. Fred Smith’s amazing accomplishments vivify this truth.” ~ John Tamny
-
•
Fear of Hobgoblins Doesn’t Justify Zoning
“Zoning gives government massive power, which has been used arbitrarily. Self-interest, self-selection and differing transportation and infrastructure needs resolve many scare stories when property rights are defended.” ~ Gary M. Galles
-
•
Carl Icahn’s Creative Destruction
“Carl Icahn is a tour-de-force, relentlessly propelling creative destruction over his nearly 60-year career. Creative destruction is sometimes painful but ultimately good, and activist investors like Icahn should be celebrated rather than maligned.” ~ David Waugh
-
•
Microchips and Potato Chips
“The fact that we produce more Z doesn’t imply that we thereby can afford to acquire and use more Z. This reality is inescapable whether ‘Z’ stands for potato chips or for microchips.” ~ Donald J. Boudreaux
-
•
How the Fed Painted Us into a Corner
“Over the months and years to come, it will be very interesting to see how faithfully the Fed pursues its policy of returning interest rates to normal and sustainable levels—approximately 3-4 percent for the federal funds rate.” ~ Robert F. Mulligan
-
•
When “Big Business” Revitalizes the Neighborhood
“With the reopening of Whole Foods, the big in Amazon is bringing energy to a neighborhood that had lost it. It’s also rushing a much better future into the present; one that will force competitors to either advance, or be replaced.” ~ John Tamny
-
•
Why Size Matters, Dependency Debilitates, and Markets Must Be Left Alone
“Let’s bring on the capitalists who can promote value creation and who can champion the virtues of voluntary exchange, since this will allow for not only a rebound but a rebirth of the American economic system.” ~ Kimberlee Josephson