Economic Education
-
•
Post-Covid Policy Advice from Ludwig von Mises for Developing Countries
“Mises’ warnings about misguided government policies remain just as relevant if not more so today, as we see in our own time a new push for increased interventionism, expanded welfare statism, and renewed calls for socialist-style centralized planning. As Mises said, if we want, peace, freedom and prosperity, there is no alternative to the free…
-
•
That The Profit Of One Man Is The Gain Of Another
“It is not exploitation; rather, profit is a reward you earn for helping strangers in ways that waste no resources and leave them available for other strangers. Are firms earning ‘exorbitant’ profit selling natural gas and Covid vaccines? I doubt it. If anything, people scrambling to get their hands on artificially-short supplies indicates that they…
-
•
There Are Libertarians In A Pandemic, And For Good Reason
“If nothing else, the Covid pandemic will create dissertation topics for generations of Ph.D. students across the humanities and social sciences. Someone looking to write the definitive history of the pandemic could get a head start by considering some of Cochrane’s commentary.” ~ Art Carden
-
•
The Sin Tax Paradox
“It is time to jettison the notion of taxing sin and think hard again about the LBT advocated by Milton Friedman and Henry George, a tax on the unimproved value of land. It’s a tax, and hence bad, but it’s less distortionary than taxing income or sin and it doesn’t have to be high if…
-
•
Forgiving Student Loans: Not The Great Idea You Think It Is
“Like Bryan Caplan, I love learning so much I decided never to leave school. I live for the lightbulb moments students have when they realize what economists mean by ‘at the margin’ or when they start using and applying the concepts we cover in class. Economically speaking, those are private benefits, however, and the case…
-
•
Dear Students: Here Are Ten Ways To Get Your Financial House In Order
“You might think you’re saving money when you’re not. Unless you really enjoy cooking, you should probably have a meal plan and devote the time and energy you save on shopping and meal prep to studying. Look at the BLS Occupational Outlook Handbook for the job you want, look at the hourly wage, and use…
-
•
Looking For Common Sense In A Senseless World? The New Thomas Sowell Documentary Delivers
“Rethinking and questioning our assumptions has long been en vogue in the academy, and if you really listen to what he has to say, few scholars will make you rethink your assumptions like Sowell will. If you’re looking for a one-hour introduction to one of the great minds of the last century, Common Sense in…
-
•
The Utter Futility of a Bitcoin Ban
“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds…
-
•
Yes, This Time We’ll Have Inflation, and Here’s Why
“The political forces supportive of anti-growth policies such as trade restrictions, higher minimum wages, perverse energy regulations, and cronyism appear to be on the rise, and they will dampen future growth. But inflation is going to be the big story of the post-pandemic economy. Get ready for an inflationary ride.” ~ James D. Gwartney
-
•
Unfreezing the Economy After Lockdowns
“In order to emerge with an economy that can produce prosperity for all and not just those who benefited from lockdowns, we need to embrace the ideas of sound economics, innovation-friendly rules, and individual agency. It was the principles of a free society that brought the wonders of modernity into existence, and it’s the same…
-
•
Post-Covid Policy Advice from Ludwig von Mises for Developing Countries
“Mises’ warnings about misguided government policies remain just as relevant if not more so today, as we see in our own time a new push for increased interventionism, expanded welfare statism, and renewed calls for socialist-style centralized planning. As Mises said, if we want, peace, freedom and prosperity, there is no alternative to the free…
-
•
That The Profit Of One Man Is The Gain Of Another
“It is not exploitation; rather, profit is a reward you earn for helping strangers in ways that waste no resources and leave them available for other strangers. Are firms earning ‘exorbitant’ profit selling natural gas and Covid vaccines? I doubt it. If anything, people scrambling to get their hands on artificially-short supplies indicates that they…
-
•
There Are Libertarians In A Pandemic, And For Good Reason
“If nothing else, the Covid pandemic will create dissertation topics for generations of Ph.D. students across the humanities and social sciences. Someone looking to write the definitive history of the pandemic could get a head start by considering some of Cochrane’s commentary.” ~ Art Carden
-
•
The Sin Tax Paradox
“It is time to jettison the notion of taxing sin and think hard again about the LBT advocated by Milton Friedman and Henry George, a tax on the unimproved value of land. It’s a tax, and hence bad, but it’s less distortionary than taxing income or sin and it doesn’t have to be high if…
-
•
Forgiving Student Loans: Not The Great Idea You Think It Is
“Like Bryan Caplan, I love learning so much I decided never to leave school. I live for the lightbulb moments students have when they realize what economists mean by ‘at the margin’ or when they start using and applying the concepts we cover in class. Economically speaking, those are private benefits, however, and the case…
-
•
Dear Students: Here Are Ten Ways To Get Your Financial House In Order
“You might think you’re saving money when you’re not. Unless you really enjoy cooking, you should probably have a meal plan and devote the time and energy you save on shopping and meal prep to studying. Look at the BLS Occupational Outlook Handbook for the job you want, look at the hourly wage, and use…
-
•
Looking For Common Sense In A Senseless World? The New Thomas Sowell Documentary Delivers
“Rethinking and questioning our assumptions has long been en vogue in the academy, and if you really listen to what he has to say, few scholars will make you rethink your assumptions like Sowell will. If you’re looking for a one-hour introduction to one of the great minds of the last century, Common Sense in…
-
•
The Utter Futility of a Bitcoin Ban
“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds…
-
•
Yes, This Time We’ll Have Inflation, and Here’s Why
“The political forces supportive of anti-growth policies such as trade restrictions, higher minimum wages, perverse energy regulations, and cronyism appear to be on the rise, and they will dampen future growth. But inflation is going to be the big story of the post-pandemic economy. Get ready for an inflationary ride.” ~ James D. Gwartney
-
•
Unfreezing the Economy After Lockdowns
“In order to emerge with an economy that can produce prosperity for all and not just those who benefited from lockdowns, we need to embrace the ideas of sound economics, innovation-friendly rules, and individual agency. It was the principles of a free society that brought the wonders of modernity into existence, and it’s the same…