Economic Education
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Building Up the State Means Pulling People Down
“Mariana Mazzucato and Joe Biden are on ‘missions’ with ‘big plans.’ But their political missions and their big economic central plans require all of us to give up our own individual and personal plans to be straightjacketed into their compulsory designs for us. We need to remember Adam Smith’s words in The Wealth of Nations,…
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The Ignorant World and What to Do About It
“It’s a counterintuitive notion and a difficult thing to wrap one’s head around, that the world can both be better and is still in many respects bad. We do nobody any favors, least of all our children, by exaggerating one while forgetting how far we’ve come.” ~ Joakim Book
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Make No Mistake: Programmable Digital Currencies Are Weaponizable Money
“Money, in its most basic form, is an irreplaceable facilitator of economic calculation and a social instrument making cooperation possible on a global scale. Policies of the sort which programmable digital currencies bring into the realm of possibility potentially turn those on their head, introducing new possibilities for intentional––and systematic––coercion.” ~ Peter C. Earle
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You Think This Is A Game? Not Quite
“Sports and gaming metaphors certainly have their place, but if we take them too seriously we get lost in details and lose sight of the greatest positive-sum game in the world: specialization and division of labor. When you’re bowling or playing a board game, there’s a winner and a loser. When you’re bargaining, however, everyone’s…
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Steel Follies and the Perils of Politically-Controlled Trade
“American citizens and manufacturers should be allowed to buy every commodity they choose as cheaply as the world can produce it. The time has come to end the medieval pursuit of a “just price” for imports and to cease permitting politicians and bureaucrats to have economic life-and-death power over American businesses.” ~ James Bovard
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The Extraordinary Naivete Of The Democrats’ Economic Planning
“The Democrats and their media enablers plainly believe that wealth just happens, that it once again exists to be taken. What else could explain the childish economic narrative created by Biden’s aides, and reported in unquestioning fashion by rather gullible reporters?” ~ John Tamny
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Lockdowns and the Natural Order
“The use of lockdown policies has shown us once again the dangers of overestimating the capabilities of state power and disregarding the importance of naturally occurring institutions in society. To attempt to bend these institutions with the force of lockdowns is to attempt to bend human nature itself. A task that has been failed by…
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Lockdown, Labor Laws, and the Digital Economy
“Our economy is in the midst of an awesome transformation, and Covid-19 just accelerated that timeline. No central planner in Washington, DC will be able to predict how things will change nor will the political process be of any help. This is something that individual firms and their employees will need to figure out for…
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Woke Capital Is Destined to Become a Relic
“Companies feel obligated to offer value statements to their customers, despite often having records of conduct contrary to the socially acceptable view; consumers sense the game being played and accordingly, chafe. Rather than a sign of the times, the embracing of woke capital may simply come to be a relic of the times.” ~ Peter…
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The Buffett Indicator: Reasons for Doubt
“There are other reasons for the Buffett Indicator ratio to be trending higher. Corporate earnings are growing nearly twice as rapidly as the growth in nominal GDP. The Buffett indicator, though at high historical levels, is not per se signaling that the market is overvalued.” ~ Gregory van Kipnis
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•
Building Up the State Means Pulling People Down
“Mariana Mazzucato and Joe Biden are on ‘missions’ with ‘big plans.’ But their political missions and their big economic central plans require all of us to give up our own individual and personal plans to be straightjacketed into their compulsory designs for us. We need to remember Adam Smith’s words in The Wealth of Nations,…
-
•
The Ignorant World and What to Do About It
“It’s a counterintuitive notion and a difficult thing to wrap one’s head around, that the world can both be better and is still in many respects bad. We do nobody any favors, least of all our children, by exaggerating one while forgetting how far we’ve come.” ~ Joakim Book
-
•
Make No Mistake: Programmable Digital Currencies Are Weaponizable Money
“Money, in its most basic form, is an irreplaceable facilitator of economic calculation and a social instrument making cooperation possible on a global scale. Policies of the sort which programmable digital currencies bring into the realm of possibility potentially turn those on their head, introducing new possibilities for intentional––and systematic––coercion.” ~ Peter C. Earle
-
•
You Think This Is A Game? Not Quite
“Sports and gaming metaphors certainly have their place, but if we take them too seriously we get lost in details and lose sight of the greatest positive-sum game in the world: specialization and division of labor. When you’re bowling or playing a board game, there’s a winner and a loser. When you’re bargaining, however, everyone’s…
-
•
Steel Follies and the Perils of Politically-Controlled Trade
“American citizens and manufacturers should be allowed to buy every commodity they choose as cheaply as the world can produce it. The time has come to end the medieval pursuit of a “just price” for imports and to cease permitting politicians and bureaucrats to have economic life-and-death power over American businesses.” ~ James Bovard
-
•
The Extraordinary Naivete Of The Democrats’ Economic Planning
“The Democrats and their media enablers plainly believe that wealth just happens, that it once again exists to be taken. What else could explain the childish economic narrative created by Biden’s aides, and reported in unquestioning fashion by rather gullible reporters?” ~ John Tamny
-
•
Lockdowns and the Natural Order
“The use of lockdown policies has shown us once again the dangers of overestimating the capabilities of state power and disregarding the importance of naturally occurring institutions in society. To attempt to bend these institutions with the force of lockdowns is to attempt to bend human nature itself. A task that has been failed by…
-
•
Lockdown, Labor Laws, and the Digital Economy
“Our economy is in the midst of an awesome transformation, and Covid-19 just accelerated that timeline. No central planner in Washington, DC will be able to predict how things will change nor will the political process be of any help. This is something that individual firms and their employees will need to figure out for…
-
•
Woke Capital Is Destined to Become a Relic
“Companies feel obligated to offer value statements to their customers, despite often having records of conduct contrary to the socially acceptable view; consumers sense the game being played and accordingly, chafe. Rather than a sign of the times, the embracing of woke capital may simply come to be a relic of the times.” ~ Peter…
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•
The Buffett Indicator: Reasons for Doubt
“There are other reasons for the Buffett Indicator ratio to be trending higher. Corporate earnings are growing nearly twice as rapidly as the growth in nominal GDP. The Buffett indicator, though at high historical levels, is not per se signaling that the market is overvalued.” ~ Gregory van Kipnis