Economic Education
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Hard Work Isn’t Enough. You Have to Work Hard on the Right Things.
“Markets make the costs and benefits very explicit, and while we see through a glass darkly by participating in the market process, it is better than seeing nothing at all. The market might be Plato’s cave, but the nonmarket alternative is not perfect light but perfect darkness.” ~ Art Carden
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The Right of Exit Is What Keeps Society Prosperous and Peaceful
“If we’re willing to trust something as supremely important as our language to cooperation, how much more should we be willing to trust to cooperation our education, health care, wages, and the many other things we think are so important as to require coercion?” ~ Antony Davies
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Lose a Ton of Money Fast With “Hot Stock Tips”
“It warms my heart when a student or alum tells me they’ve opened a Roth IRA or when I can advise a high schooler who has been saving up so he can buy a share of Amazon stock to put the money in a mutual fund instead. Managing your money wisely isn’t especially glamorous, but…
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Stop the Cartoonish Excuses for Covid Restrictions
“Pro-lockdown economists faux scientifically chant ‘Reduce externalities!’ Libertarians with a weak commitment to liberty self-righteously claim to be the true upholders of liberty by repeating nonstop ‘We must honor the non-aggression principle!’ But neither these economists nor these libertarians take the time to consider the complex real-world details from which individuals’ rights emerge and in…
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Contra Nicholas Kristof, Presidential Ink Will Never ‘Scrub’ Away Poverty
“It cannot be stressed enough that if poverty were about money, then it would have been wholly erased long ago given the trillions spent on its mitigation. Admirable as Kristof’s idealism is, it’s just that. Nothing more. The perfect world he envisions cannot and will not be created by the stroke of a pen.” ~…
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Vaccine Passports are Cronyism
“Win-win outcomes arise from the capitalist mindset that others are peers whose freedom to opt-in or opt-out of any transaction we respect. Such a mindset orients us towards service and away from coercion. The crony mindset rationalizes exploiting the power of the state to profit by coercion and is anything but lovely.” ~ Barry Brownstein
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What Trash Can Teach Us About Economics
“So, what does my trash teach us about economics? What is true of garbage, which should be a relatively straightforward service for a government to provide, is even more true of important and complex services, such as health care and education. Competition to serve customers is the best way to encourage human well-being.” ~ Daniel…
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Leave the Choice of Restrictions to the Market
“Allowing vaccinated people the opportunity to return to a freer lifestyle has an added society benefit: It surely will increase vaccination acceptance rates. The alternative — forcing vaccinated people to continue to adhere to the strictest sanitary protocols — would surely reduce the number of people willing to be vaccinated. What’s wrong with allowing businesses…
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The Dangerous Path of Trump-Biden Trade Isolationism
“It would be wise for our leaders, particularly those in the Biden administration, to heed the clear lessons put forth in our Constitutional system as well as the tides of history. An embrace of free trade will promote widespread prosperity but most importantly, it will prevent a backslide into a past sequence of events that…
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What Inapt Pandemic Response Is Doing to Our Societies
“That Wall Street Journal editorial doesn’t muck about with qualifications: ‘The goal of this Democratic program isn’t Covid relief. The point is to expand and solidify the role of government as the guarantor of every American’s income unlinked to any obligation to work.’ Salute your new Washington savior; (s)he’s probably here to stay.” ~ Joakim…
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•
Hard Work Isn’t Enough. You Have to Work Hard on the Right Things.
“Markets make the costs and benefits very explicit, and while we see through a glass darkly by participating in the market process, it is better than seeing nothing at all. The market might be Plato’s cave, but the nonmarket alternative is not perfect light but perfect darkness.” ~ Art Carden
-
•
The Right of Exit Is What Keeps Society Prosperous and Peaceful
“If we’re willing to trust something as supremely important as our language to cooperation, how much more should we be willing to trust to cooperation our education, health care, wages, and the many other things we think are so important as to require coercion?” ~ Antony Davies
-
•
Lose a Ton of Money Fast With “Hot Stock Tips”
“It warms my heart when a student or alum tells me they’ve opened a Roth IRA or when I can advise a high schooler who has been saving up so he can buy a share of Amazon stock to put the money in a mutual fund instead. Managing your money wisely isn’t especially glamorous, but…
-
•
Stop the Cartoonish Excuses for Covid Restrictions
“Pro-lockdown economists faux scientifically chant ‘Reduce externalities!’ Libertarians with a weak commitment to liberty self-righteously claim to be the true upholders of liberty by repeating nonstop ‘We must honor the non-aggression principle!’ But neither these economists nor these libertarians take the time to consider the complex real-world details from which individuals’ rights emerge and in…
-
•
Contra Nicholas Kristof, Presidential Ink Will Never ‘Scrub’ Away Poverty
“It cannot be stressed enough that if poverty were about money, then it would have been wholly erased long ago given the trillions spent on its mitigation. Admirable as Kristof’s idealism is, it’s just that. Nothing more. The perfect world he envisions cannot and will not be created by the stroke of a pen.” ~…
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•
Vaccine Passports are Cronyism
“Win-win outcomes arise from the capitalist mindset that others are peers whose freedom to opt-in or opt-out of any transaction we respect. Such a mindset orients us towards service and away from coercion. The crony mindset rationalizes exploiting the power of the state to profit by coercion and is anything but lovely.” ~ Barry Brownstein
-
•
What Trash Can Teach Us About Economics
“So, what does my trash teach us about economics? What is true of garbage, which should be a relatively straightforward service for a government to provide, is even more true of important and complex services, such as health care and education. Competition to serve customers is the best way to encourage human well-being.” ~ Daniel…
-
•
Leave the Choice of Restrictions to the Market
“Allowing vaccinated people the opportunity to return to a freer lifestyle has an added society benefit: It surely will increase vaccination acceptance rates. The alternative — forcing vaccinated people to continue to adhere to the strictest sanitary protocols — would surely reduce the number of people willing to be vaccinated. What’s wrong with allowing businesses…
-
•
The Dangerous Path of Trump-Biden Trade Isolationism
“It would be wise for our leaders, particularly those in the Biden administration, to heed the clear lessons put forth in our Constitutional system as well as the tides of history. An embrace of free trade will promote widespread prosperity but most importantly, it will prevent a backslide into a past sequence of events that…
-
•
What Inapt Pandemic Response Is Doing to Our Societies
“That Wall Street Journal editorial doesn’t muck about with qualifications: ‘The goal of this Democratic program isn’t Covid relief. The point is to expand and solidify the role of government as the guarantor of every American’s income unlinked to any obligation to work.’ Salute your new Washington savior; (s)he’s probably here to stay.” ~ Joakim…