Free Markets
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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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The Resilience and Brilliance of the World’s Poorest: The Case of Pagpag
“The problem isn’t that the world’s poorest don’t work hard. The problem is that they work hard in societies where restrictions on economic freedom throttle growth.” ~ Art Carden
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Assar Lindbeck – Sweden’s Greatest Economist Died 90 Years Old
“Lindbeck was a great economist and public voice of economic sanity. He will be sorely missed.” ~ Joakim Book
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Celebrate Entrepreneurs, Don’t Guillotine Them
“The key to getting wealthy in a capitalistic society is to produce something so valuable that millions of people want to trade for it.” ~ Raymond C. Niles
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What Raised the S&P 500 Price-Earnings Ratio?
“For those who find stock price gains inexplicable and therefore terrifying, the Yardeni-Reynolds Model offers a purely empirical explanation of a seemingly high trailing P/E ratio – extremely low global inflation and bond yields combined with an artificially low P/E denominator of past earnings that includes the terrible second quarter of 2020.” ~ Alan Reynolds
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Mandatory Shortages And Concentrated Pain: What “Price Gouging” Laws Do
“Disasters and emergencies are bad enough without policies that make things worse. That’s exactly what price gouging laws are: rules that actually make these worse for the least of these among us by snuffing out the signals that would tell the rest of us precisely what is needed where.” ~ Art Carden
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For-Profit Companies Must be the Backbone of the New Space Age
“Space remains the final frontier. Just as with the terrestrial frontier, private enterprise should be the driving force for exploration, development, and settlement.” ~ David R. Henderson & Alexander W. Salter
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The Best Virus Response Is Less Government, Not More
“Please ask yourself in your relative comfort just how deep your corona-religion is? Is it so deep that you’ll continue to turn a blind eye to the global suffering that’s taking place so that you can feel safe from a virus that thankfully kills so few? The lives of hundreds of millions of innocent people…
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Reform the K-12 Government- School Monopoly: Economics and Facts
“The economics and facts support the logic of freeing parents to obtain private education and alternative public education for their children. To further facilitate this decision, parents should be given vouchers and credits equal to the cost of public school in their area, which they can freely use to fund their choice of better education…
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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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•
The Resilience and Brilliance of the World’s Poorest: The Case of Pagpag
“The problem isn’t that the world’s poorest don’t work hard. The problem is that they work hard in societies where restrictions on economic freedom throttle growth.” ~ Art Carden
-
•
Assar Lindbeck – Sweden’s Greatest Economist Died 90 Years Old
“Lindbeck was a great economist and public voice of economic sanity. He will be sorely missed.” ~ Joakim Book
-
•
Celebrate Entrepreneurs, Don’t Guillotine Them
“The key to getting wealthy in a capitalistic society is to produce something so valuable that millions of people want to trade for it.” ~ Raymond C. Niles
-
•
What Raised the S&P 500 Price-Earnings Ratio?
“For those who find stock price gains inexplicable and therefore terrifying, the Yardeni-Reynolds Model offers a purely empirical explanation of a seemingly high trailing P/E ratio – extremely low global inflation and bond yields combined with an artificially low P/E denominator of past earnings that includes the terrible second quarter of 2020.” ~ Alan Reynolds
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•
Mandatory Shortages And Concentrated Pain: What “Price Gouging” Laws Do
“Disasters and emergencies are bad enough without policies that make things worse. That’s exactly what price gouging laws are: rules that actually make these worse for the least of these among us by snuffing out the signals that would tell the rest of us precisely what is needed where.” ~ Art Carden
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•
For-Profit Companies Must be the Backbone of the New Space Age
“Space remains the final frontier. Just as with the terrestrial frontier, private enterprise should be the driving force for exploration, development, and settlement.” ~ David R. Henderson & Alexander W. Salter
-
•
The Best Virus Response Is Less Government, Not More
“Please ask yourself in your relative comfort just how deep your corona-religion is? Is it so deep that you’ll continue to turn a blind eye to the global suffering that’s taking place so that you can feel safe from a virus that thankfully kills so few? The lives of hundreds of millions of innocent people…
-
•
Reform the K-12 Government- School Monopoly: Economics and Facts
“The economics and facts support the logic of freeing parents to obtain private education and alternative public education for their children. To further facilitate this decision, parents should be given vouchers and credits equal to the cost of public school in their area, which they can freely use to fund their choice of better education…