Economic Education
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Avoid the Reductio When Arguing Over the Minimum Wage
“While the reductio is an unsound economic argument against the minimum wage, there remain many sound arguments against this officious intervention. Not the least of these is that a minimum wage will reduce employment options for workers.” ~ Donald J. Boudreaux
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Limited Government and Money: A Review of Money and the Rule of Law
“Truly limited government involves limiting the discretion of the Federal Reserve. A solution involves imposing binding rules on both the Fed and Congress. The rules must specifically restrict the creation of ‘liquidity and credit except in specific ways that are general, predictable, and robust.'” ~ Daniel Sutter
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All Value Is Subjective, and That’s a Good Thing
“If anything had intrinsic value, we could only either exchange it for a price precisely matching that value, with neither of us becoming better off, or exchange it for a price different from its ‘true’ value, with one person ending up worse off because of the exchange.” ~ James E. Hanley
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Socialist Darwinism
“The next time somebody accuses you of Social Darwinism, tell ‘em you want to help the poor to thrive by supporting policies that increase productivity and that allow people to help the unfortunate through charity, insurance, and other voluntary mechanisms.” ~ Robert E. Wright
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A Tale of Two Pizzas: Are Property Values Really Yours to Keep?
“You may own a monetary asset, but you’re not entitled to determine its exchange rate against other goods and services. Just because you own something, that doesn’t mean you own the prerogative of setting its price. That goes for homes too.” ~ Joakim Book
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Recovering a Lost Tradition: Review of The Lost Tradition of Economic Equality in America, 1600-1870
“Knowledge will advance when this literature merges historical craftsmanship like Mandell’s with economists’ methodological individualism and the notion that the hyper-liberals might have been right.” ~ Art Carden
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What If a Great Crypto Crash Is Coming?
“Were the world to experience a new economic downturn, there is a great possibility that this lack of consumer use will show the current valuation of Bitcoin to have been a bubble. If this happens, a lot of retail investors will suffer.” ~ Benjamin Juhlin
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Threatened Shutdowns Show Government is the Problem
“The problems expressed in political shutdown posturing, and battles arising from government failure to perform duties it has arrogated to itself, provide no endorsement for placing even more power over us into government hands.” ~ Gary M. Galles
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Do Employers Exploit Workers with Low Wages?
“Any business worth working for will be sensitive to the opportunity costs of their best employees and will reward them accordingly. Employers that consistently keep wages low for their best workers will see them abandon ship quickly.” ~ Anthony Gill
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Deregulation of Consenting Adults
“The Woke need to wake up, look, and listen. America doesn’t want New Zealand’s criminalization of Covid but it should adopt its decriminalization of sex work, including outright prostitution.” ~ Robert E. Wright
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•
Avoid the Reductio When Arguing Over the Minimum Wage
“While the reductio is an unsound economic argument against the minimum wage, there remain many sound arguments against this officious intervention. Not the least of these is that a minimum wage will reduce employment options for workers.” ~ Donald J. Boudreaux
-
•
Limited Government and Money: A Review of Money and the Rule of Law
“Truly limited government involves limiting the discretion of the Federal Reserve. A solution involves imposing binding rules on both the Fed and Congress. The rules must specifically restrict the creation of ‘liquidity and credit except in specific ways that are general, predictable, and robust.'” ~ Daniel Sutter
-
•
All Value Is Subjective, and That’s a Good Thing
“If anything had intrinsic value, we could only either exchange it for a price precisely matching that value, with neither of us becoming better off, or exchange it for a price different from its ‘true’ value, with one person ending up worse off because of the exchange.” ~ James E. Hanley
-
•
Socialist Darwinism
“The next time somebody accuses you of Social Darwinism, tell ‘em you want to help the poor to thrive by supporting policies that increase productivity and that allow people to help the unfortunate through charity, insurance, and other voluntary mechanisms.” ~ Robert E. Wright
-
•
A Tale of Two Pizzas: Are Property Values Really Yours to Keep?
“You may own a monetary asset, but you’re not entitled to determine its exchange rate against other goods and services. Just because you own something, that doesn’t mean you own the prerogative of setting its price. That goes for homes too.” ~ Joakim Book
-
•
Recovering a Lost Tradition: Review of The Lost Tradition of Economic Equality in America, 1600-1870
“Knowledge will advance when this literature merges historical craftsmanship like Mandell’s with economists’ methodological individualism and the notion that the hyper-liberals might have been right.” ~ Art Carden
-
•
What If a Great Crypto Crash Is Coming?
“Were the world to experience a new economic downturn, there is a great possibility that this lack of consumer use will show the current valuation of Bitcoin to have been a bubble. If this happens, a lot of retail investors will suffer.” ~ Benjamin Juhlin
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•
Threatened Shutdowns Show Government is the Problem
“The problems expressed in political shutdown posturing, and battles arising from government failure to perform duties it has arrogated to itself, provide no endorsement for placing even more power over us into government hands.” ~ Gary M. Galles
-
•
Do Employers Exploit Workers with Low Wages?
“Any business worth working for will be sensitive to the opportunity costs of their best employees and will reward them accordingly. Employers that consistently keep wages low for their best workers will see them abandon ship quickly.” ~ Anthony Gill
-
•
Deregulation of Consenting Adults
“The Woke need to wake up, look, and listen. America doesn’t want New Zealand’s criminalization of Covid but it should adopt its decriminalization of sex work, including outright prostitution.” ~ Robert E. Wright