Economic Education
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Political Economy vs. Federal Fairy Tales
“Nowadays, the federal government is controlling almost everything except itself. Instead of economic salvation, Biden offers standard D.C. issue ‘no-fault pseudo-benevolence.’ How many more trillion dollars will America waste for another Beltway ‘triumph of hope over experience?'” ~ James Bovard
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Lots of New Money, But Still-Low Inflation. What Gives?
“Just because a reckless central bank foists tons of fake money on banks, businesses, and households does not mean any of them must spend it. Fiscal-monetary recklessness itself can signal private-sector actors not to part with safe, liquid assets. Eventually, of course, they may choose to flee the money and the debt, bringing higher inflation…
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The Alphabet Soup of Recessions
“Even if the economy is reopened, will small business be able to compete with enhanced unemployment benefits? And, what about their stack of IOUs from renters who are protected from eviction for the duration, and the decriminalization of shoplifting and the right kind of rioting? And, so, our outlook may be for an O-shaped economy;…
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How Lockdowns Devastated the Cruise Industry
“Hopefully readers will also keep in mind how quickly politicians can wreck things, and how quickly their destruction robs people and businesses of dignity. Right now, the formerly soaring cruise industry is once again ‘waiting anxiously for Washington’s go-ahead to sail again.’ Please think about that. And how wrong it is.” ~ John Tamny
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The Dramatic Brilliance Of March Madness
“There’s a reason vasectomies spike during March Madness: David going toe-to-toe with Goliath makes for great TV, and improbable runs like George Mason’s Final Four appearance in 2006, Loyola Chicago’s Final Four run in 2018, and Villanova’s ascent from #8 seed to tournament champions in 1985 are called ‘Cinderella stories’ for a reason. People love…
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Entrepreneurship: A Fading Virtue
“It is entrepreneurs who form the foundation and operational unit of Austrian economics but sadly, their importance is slowly fading from mainstream economic analysis. Such a view of economics not only fails to acknowledge a basic tenet of the economy, but opens the door to a perception of society that merely views individuals as numbers…
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MMT’s Inflation Battle Will End In A Draw
“Maybe this time is different, and perhaps this is the turning point – for MMT or for inflation. More likely, the fears and the ebullient promises will converge in a middle-of-the-way third option similar to what we saw after 2008: Politicians, pundits, economists, and central bankers talk, yet nothing much happens.” ~ Joakim Book
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Bigger Can Be Better, When Governments Step Out of The Way!
“If you take a hard glance at instances of big firms being accused of acting like monopolies, you will often find something similar to the Canadian telecoms case. This has an important implication for those who propose remedies to deal with ‘big firms’ (which they take to mean monopoly). Indeed, rather than placing the onus…
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The Business Economics of The Office
“Though The Office may offer a somewhat exaggerated account of entrepreneurial alertness, economic calculation, and the vagaries of corporate management, the broader strokes of its characters’ endeavors are informative. Namely, these are concepts that lie in the pages of economics and business textbooks, accompanied by graphs that make the layman’s head turn. Yet, viewed through…
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The Mischief of “Pecuniary Externalities”
“Perhaps my long discourse on ‘pecuniary externalities’ strikes the reader as ponderous or even pointless. Ponderous it probably is, but pointless it is not. If the above reality were more widely understood, many fewer people would complain about foreigners using their exports as a means of ‘stealing our jobs.'” ~ Donald J. Boudreaux
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Political Economy vs. Federal Fairy Tales
“Nowadays, the federal government is controlling almost everything except itself. Instead of economic salvation, Biden offers standard D.C. issue ‘no-fault pseudo-benevolence.’ How many more trillion dollars will America waste for another Beltway ‘triumph of hope over experience?'” ~ James Bovard
-
•
Lots of New Money, But Still-Low Inflation. What Gives?
“Just because a reckless central bank foists tons of fake money on banks, businesses, and households does not mean any of them must spend it. Fiscal-monetary recklessness itself can signal private-sector actors not to part with safe, liquid assets. Eventually, of course, they may choose to flee the money and the debt, bringing higher inflation…
-
•
The Alphabet Soup of Recessions
“Even if the economy is reopened, will small business be able to compete with enhanced unemployment benefits? And, what about their stack of IOUs from renters who are protected from eviction for the duration, and the decriminalization of shoplifting and the right kind of rioting? And, so, our outlook may be for an O-shaped economy;…
-
•
How Lockdowns Devastated the Cruise Industry
“Hopefully readers will also keep in mind how quickly politicians can wreck things, and how quickly their destruction robs people and businesses of dignity. Right now, the formerly soaring cruise industry is once again ‘waiting anxiously for Washington’s go-ahead to sail again.’ Please think about that. And how wrong it is.” ~ John Tamny
-
•
The Dramatic Brilliance Of March Madness
“There’s a reason vasectomies spike during March Madness: David going toe-to-toe with Goliath makes for great TV, and improbable runs like George Mason’s Final Four appearance in 2006, Loyola Chicago’s Final Four run in 2018, and Villanova’s ascent from #8 seed to tournament champions in 1985 are called ‘Cinderella stories’ for a reason. People love…
-
•
Entrepreneurship: A Fading Virtue
“It is entrepreneurs who form the foundation and operational unit of Austrian economics but sadly, their importance is slowly fading from mainstream economic analysis. Such a view of economics not only fails to acknowledge a basic tenet of the economy, but opens the door to a perception of society that merely views individuals as numbers…
-
•
MMT’s Inflation Battle Will End In A Draw
“Maybe this time is different, and perhaps this is the turning point – for MMT or for inflation. More likely, the fears and the ebullient promises will converge in a middle-of-the-way third option similar to what we saw after 2008: Politicians, pundits, economists, and central bankers talk, yet nothing much happens.” ~ Joakim Book
-
•
Bigger Can Be Better, When Governments Step Out of The Way!
“If you take a hard glance at instances of big firms being accused of acting like monopolies, you will often find something similar to the Canadian telecoms case. This has an important implication for those who propose remedies to deal with ‘big firms’ (which they take to mean monopoly). Indeed, rather than placing the onus…
-
•
The Business Economics of The Office
“Though The Office may offer a somewhat exaggerated account of entrepreneurial alertness, economic calculation, and the vagaries of corporate management, the broader strokes of its characters’ endeavors are informative. Namely, these are concepts that lie in the pages of economics and business textbooks, accompanied by graphs that make the layman’s head turn. Yet, viewed through…
-
•
The Mischief of “Pecuniary Externalities”
“Perhaps my long discourse on ‘pecuniary externalities’ strikes the reader as ponderous or even pointless. Ponderous it probably is, but pointless it is not. If the above reality were more widely understood, many fewer people would complain about foreigners using their exports as a means of ‘stealing our jobs.'” ~ Donald J. Boudreaux