Free Markets
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Economists’ Meaning of “Consumption”
“Because ‘to produce’ means ‘to increase humans’ opportunities to consume,’ Adam Smith is correct: consumption is indeed the sole end and purpose of all production.” ~ Donald J. Boudreaux
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De-dollarization Has Begun.
“The dollar, in some shape or form, will likely be around for a long time. Perhaps very long. But by weaponizing dollar dominance and permitting expanding mandates to disorient US monetary policy, the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed.” ~ Peter C. Earle
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What if Gold Coins Were Mated With Bank Notes? An Interview with Jeremy Cordon of Goldback
“There is certainly a market for sound money that is hard to serve legally. Yet Cordon has proposed a way to serve that market – at least in an anachronistic sense. But those bought into the promise of cryptocurrencies, might have doubts. Cordon agreed to be interviewed.” ~ Max Borders
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Greta Thunberg’s War Against Wind Farms
“The Manichean view clutched by climate activists like Thunberg undercut the very goals they wish to achieve, by neglecting the power of human ingenuity. After all, the ultimate resource is the human mind, not government fiat.” ~ Michael N. Peterson
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Can We Stop Bleeding the Taxpayers to Cover Unpaid Student Loans?
“Irresponsible student lending has cost the US a great deal already. It is time to stop the bleeding by saying to colleges, ‘If you want to receive federal student aid money, you’ll have to stand behind the loans.'” ~ George Leef
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John Cowperthwaite: An Underappreciated Champion of Economic Development?
“This nuance, while it may dampen any classical liberal’s affection for John Cowperthwaite, should only reinforce one’s commitment to the principles of a free society as instruments of development and progress.” ~ Vincent Geloso
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Signs of Hope
“The happy reality that entrepreneurship and bourgeois commerce continue to flourish was driven home to me by my rather unremarkable remodeling project. I have reason for optimism.” ~ Donald J. Boudreaux
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Why Progressive Taxes Are Especially Harmful to Productivity and Harm the Poor
“‘Progressive’ taxes impose a particularly strong disincentive for more productive work. Depriving the economy of greater productivity curtails the alleviation of poverty, and as a result disproportionately harms the poor.” ~ Brian Balfour
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How Does a Region Rust Away?
“Where people cannot get jobs or find homes, they pick up and leave. Where they find homes and jobs, they stay. This is not an excuse for complacency. Many of the policies that drove industrious work away from the Rust Belt remain politically popular at a national level.” ~ David Gillette & Thaddeus C. Meadows
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A Revolution in Public Transportation From A Town You Wouldn’t Expect
“It’s taken more than a hundred years for low-density cities to recognize that public transportation works far better in a point-to-point model, using private-public partnerships.” ~ Craig J. Richardson
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•
Economists’ Meaning of “Consumption”
“Because ‘to produce’ means ‘to increase humans’ opportunities to consume,’ Adam Smith is correct: consumption is indeed the sole end and purpose of all production.” ~ Donald J. Boudreaux
-
•
De-dollarization Has Begun.
“The dollar, in some shape or form, will likely be around for a long time. Perhaps very long. But by weaponizing dollar dominance and permitting expanding mandates to disorient US monetary policy, the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed.” ~ Peter C. Earle
-
•
What if Gold Coins Were Mated With Bank Notes? An Interview with Jeremy Cordon of Goldback
“There is certainly a market for sound money that is hard to serve legally. Yet Cordon has proposed a way to serve that market – at least in an anachronistic sense. But those bought into the promise of cryptocurrencies, might have doubts. Cordon agreed to be interviewed.” ~ Max Borders
-
•
Greta Thunberg’s War Against Wind Farms
“The Manichean view clutched by climate activists like Thunberg undercut the very goals they wish to achieve, by neglecting the power of human ingenuity. After all, the ultimate resource is the human mind, not government fiat.” ~ Michael N. Peterson
-
•
Can We Stop Bleeding the Taxpayers to Cover Unpaid Student Loans?
“Irresponsible student lending has cost the US a great deal already. It is time to stop the bleeding by saying to colleges, ‘If you want to receive federal student aid money, you’ll have to stand behind the loans.'” ~ George Leef
-
•
John Cowperthwaite: An Underappreciated Champion of Economic Development?
“This nuance, while it may dampen any classical liberal’s affection for John Cowperthwaite, should only reinforce one’s commitment to the principles of a free society as instruments of development and progress.” ~ Vincent Geloso
-
•
Signs of Hope
“The happy reality that entrepreneurship and bourgeois commerce continue to flourish was driven home to me by my rather unremarkable remodeling project. I have reason for optimism.” ~ Donald J. Boudreaux
-
•
Why Progressive Taxes Are Especially Harmful to Productivity and Harm the Poor
“‘Progressive’ taxes impose a particularly strong disincentive for more productive work. Depriving the economy of greater productivity curtails the alleviation of poverty, and as a result disproportionately harms the poor.” ~ Brian Balfour
-
•
How Does a Region Rust Away?
“Where people cannot get jobs or find homes, they pick up and leave. Where they find homes and jobs, they stay. This is not an excuse for complacency. Many of the policies that drove industrious work away from the Rust Belt remain politically popular at a national level.” ~ David Gillette & Thaddeus C. Meadows
-
•
A Revolution in Public Transportation From A Town You Wouldn’t Expect
“It’s taken more than a hundred years for low-density cities to recognize that public transportation works far better in a point-to-point model, using private-public partnerships.” ~ Craig J. Richardson