Economic Education
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Covid-19’s Ratchet Effect is Becoming Endemic
“Crises end, but newly designated powers and increased budgets governments receive throughout seldom end with them. Instead, government power exhibits a ratchet effect, never diminishing to pre-crisis levels.” ~ Raymond J. March
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A Review of Weber’s Bureaucratic Method and Why Today’s Bureaucrats Should Take Note
“While organizations today would likely be stunted by Weber’s assertions for rules and rigidity, political pundits may be kept better in line and on task if they were to be managed properly in structural reform and with a hefty amount of accountability.” ~ Kimberlee Josephson
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What Can Hayek Say About Public Health?
“Public health as art, following Hayek, becomes a social science, or the study of how people make choices based on their values and tacit knowledge, how they interact with others, and how those behaviors and interactions influence health.” ~ Byron B. Carson III
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Walter Williams: Common Sense, Controversial, Radical
“Williams pressed hard for individual freedom and personal accountability. We need freedom to make our own choices, for better or for worse. Sometimes, we make bad choices, which sometimes lead to bad outcomes.” ~ Ramon P. DeGennaro
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Covid Paycheck Protection Program: Promises Not Kept
“The fact that PPP was poorly thought through, recklessly implemented and administered, and ended up benefiting those who are least likely to need it is, for politicians and bureaucrats, a feature, not a bug.” ~ Veronique de Rugy
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Complexity in the Service of Simplicity
“Competition both contributes to, and relies upon, the modern economy’s enormous and largely unseen complexity. The modern economy can well be described as ever-increasing complexity in the service of ever-more simplicity.” ~ Donald J. Boudreaux
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New Covid Variant – Same Government Blunders
“We know that mistakes in allocating medical goods to treat patients only make a challenging situation worse. The government has made many of these mistakes, and it doesn’t seem to be learning from them.” ~ Raymond J. March
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Thomas Piketty Strikes Again
“The obvious problem is that Piketty has his own sacrosanct vision, one where a powerful central government orders people about so that they don’t interfere with the grand scheme of equality.” ~ George Leef
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Funding Obsolete Transportation
“Transit subsidies make no more sense than subsidies to manual typewriters, rotary telephones, or steam locomotives. Designing transportation systems based on how people actually travel can make those systems safe, environmentally sensitive, resilient, and efficient.” ~ Randal O’Toole
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What the Hell is Inflation Anyway?
“Words mean different things to different people, and their meanings change over time. How we define inflation is a matter of choice, but we must also recognize that choice reflects more fundamental beliefs about how the economy functions.” ~ Michael J. Douma
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•
Covid-19’s Ratchet Effect is Becoming Endemic
“Crises end, but newly designated powers and increased budgets governments receive throughout seldom end with them. Instead, government power exhibits a ratchet effect, never diminishing to pre-crisis levels.” ~ Raymond J. March
-
•
A Review of Weber’s Bureaucratic Method and Why Today’s Bureaucrats Should Take Note
“While organizations today would likely be stunted by Weber’s assertions for rules and rigidity, political pundits may be kept better in line and on task if they were to be managed properly in structural reform and with a hefty amount of accountability.” ~ Kimberlee Josephson
-
•
What Can Hayek Say About Public Health?
“Public health as art, following Hayek, becomes a social science, or the study of how people make choices based on their values and tacit knowledge, how they interact with others, and how those behaviors and interactions influence health.” ~ Byron B. Carson III
-
•
Walter Williams: Common Sense, Controversial, Radical
“Williams pressed hard for individual freedom and personal accountability. We need freedom to make our own choices, for better or for worse. Sometimes, we make bad choices, which sometimes lead to bad outcomes.” ~ Ramon P. DeGennaro
-
•
Covid Paycheck Protection Program: Promises Not Kept
“The fact that PPP was poorly thought through, recklessly implemented and administered, and ended up benefiting those who are least likely to need it is, for politicians and bureaucrats, a feature, not a bug.” ~ Veronique de Rugy
-
•
Complexity in the Service of Simplicity
“Competition both contributes to, and relies upon, the modern economy’s enormous and largely unseen complexity. The modern economy can well be described as ever-increasing complexity in the service of ever-more simplicity.” ~ Donald J. Boudreaux
-
•
New Covid Variant – Same Government Blunders
“We know that mistakes in allocating medical goods to treat patients only make a challenging situation worse. The government has made many of these mistakes, and it doesn’t seem to be learning from them.” ~ Raymond J. March
-
•
Thomas Piketty Strikes Again
“The obvious problem is that Piketty has his own sacrosanct vision, one where a powerful central government orders people about so that they don’t interfere with the grand scheme of equality.” ~ George Leef
-
•
Funding Obsolete Transportation
“Transit subsidies make no more sense than subsidies to manual typewriters, rotary telephones, or steam locomotives. Designing transportation systems based on how people actually travel can make those systems safe, environmentally sensitive, resilient, and efficient.” ~ Randal O’Toole
-
•
What the Hell is Inflation Anyway?
“Words mean different things to different people, and their meanings change over time. How we define inflation is a matter of choice, but we must also recognize that choice reflects more fundamental beliefs about how the economy functions.” ~ Michael J. Douma