Economic Education
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Why Principles Still Matter in a Pandemic
“A healthy and prosperous society is not guaranteed by the size of its wealth, the capabilities of its technology, or the perceived intelligence of its experts. Rather it is upheld by the promulgation of ideas. Ideas rooted in free enterprise, limited government, individual dignity, and the rule of law. America, the most powerful polity in…
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Be Serious, You Don’t Solve Lockdowns With More Central Planning
“Stated simply, the economy is weak because politicians imposed command-and-control lockdowns, and having done that, they poured gasoline on a fire of their own making with trillions more in spending. Let’s not vandalize common sense with more of what’s already failed. The only economic relief is an end to the lockdowns.” ~ John Tamny
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A Comment on the New History of Capitalism
“Much of the current debate revolves around an emergent historiographical school. Usually referred to as the ‘New History of Capitalism’ (NHC), this school has produced a sizable body of research contending that the institution of slavery was a central building block of American capitalism. At the same time however, the NHC literature has come under…
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New Jersey’s Transaction Tax Grab
“The way in which political figures view financial markets are a litmus test for their overall understanding of economics.” ~ Peter C. Earle
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What’s the Right Mix of Money and Drugs for Your Employees?
“There isn’t a ‘right’ combination of wages, benefits, and other perquisites, and the pattern of things that ‘work’ for people is not planned by a central authority. It emerges from trial and error in the market.” ~ Art Carden
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NASA is Paying for Moon Rocks. The Implications for Space Commerce are Huge
“In ancient times, mankind extended the division of labor across tribes, turning enemies into friends. Later came trade across national boundaries, with similar largely peaceful effects. Now, humans are prepared to extend it still further: into the final frontier. Doux commerce is coming to the stars. NASA just made a ‘giant leap for mankind.’ Everyone…
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Yes, 2021 Could Be Worse
“Buck up, buckaroos, because 2021 is just a cultural construct anyway. The world will improve not on an arbitrary day but when you all decide to make it a better place.” ~ Robert E. Wright
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Deeply Impacting the Economy
“When the world suddenly changes, we want an economic system that adjusts and reflects our updated knowledge and desires. That requires prices to move, quantities to change, bankruptcies to occur and a whole lot of profiteering – whether in our world or in fictional worlds.” ~ Joakim Book
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Disaggregating Keynes Demonstrates Macro Delusions
“Which view of man prevails – man seen as a reasonable but imperfect person who can guide and direct his own life, or man seen as an irrational being constantly needing someone else to direct and dictate how and what he does – will determine the future for mankind, not only out of the current…
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Why Do Basketball Players Make More Than Teachers?
“As an educator myself, I am happy to grant that teachers produce value for students, and for society. But even the most marginal teacher, at the worst and least motivated public school, can’t-wait-for-retirement clock puncher, makes far more than the marginal basketball player. You can’t compare the marginal unit of water, or teachers, with diamonds.”…
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Why Principles Still Matter in a Pandemic
“A healthy and prosperous society is not guaranteed by the size of its wealth, the capabilities of its technology, or the perceived intelligence of its experts. Rather it is upheld by the promulgation of ideas. Ideas rooted in free enterprise, limited government, individual dignity, and the rule of law. America, the most powerful polity in…
-
•
Be Serious, You Don’t Solve Lockdowns With More Central Planning
“Stated simply, the economy is weak because politicians imposed command-and-control lockdowns, and having done that, they poured gasoline on a fire of their own making with trillions more in spending. Let’s not vandalize common sense with more of what’s already failed. The only economic relief is an end to the lockdowns.” ~ John Tamny
-
•
A Comment on the New History of Capitalism
“Much of the current debate revolves around an emergent historiographical school. Usually referred to as the ‘New History of Capitalism’ (NHC), this school has produced a sizable body of research contending that the institution of slavery was a central building block of American capitalism. At the same time however, the NHC literature has come under…
-
•
New Jersey’s Transaction Tax Grab
“The way in which political figures view financial markets are a litmus test for their overall understanding of economics.” ~ Peter C. Earle
-
•
What’s the Right Mix of Money and Drugs for Your Employees?
“There isn’t a ‘right’ combination of wages, benefits, and other perquisites, and the pattern of things that ‘work’ for people is not planned by a central authority. It emerges from trial and error in the market.” ~ Art Carden
-
•
NASA is Paying for Moon Rocks. The Implications for Space Commerce are Huge
“In ancient times, mankind extended the division of labor across tribes, turning enemies into friends. Later came trade across national boundaries, with similar largely peaceful effects. Now, humans are prepared to extend it still further: into the final frontier. Doux commerce is coming to the stars. NASA just made a ‘giant leap for mankind.’ Everyone…
-
•
Yes, 2021 Could Be Worse
“Buck up, buckaroos, because 2021 is just a cultural construct anyway. The world will improve not on an arbitrary day but when you all decide to make it a better place.” ~ Robert E. Wright
-
•
Deeply Impacting the Economy
“When the world suddenly changes, we want an economic system that adjusts and reflects our updated knowledge and desires. That requires prices to move, quantities to change, bankruptcies to occur and a whole lot of profiteering – whether in our world or in fictional worlds.” ~ Joakim Book
-
•
Disaggregating Keynes Demonstrates Macro Delusions
“Which view of man prevails – man seen as a reasonable but imperfect person who can guide and direct his own life, or man seen as an irrational being constantly needing someone else to direct and dictate how and what he does – will determine the future for mankind, not only out of the current…
-
•
Why Do Basketball Players Make More Than Teachers?
“As an educator myself, I am happy to grant that teachers produce value for students, and for society. But even the most marginal teacher, at the worst and least motivated public school, can’t-wait-for-retirement clock puncher, makes far more than the marginal basketball player. You can’t compare the marginal unit of water, or teachers, with diamonds.”…