History
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Adam Smith on Self-Deceit
“Bad men sustain delusions to deny their self-deceptions. Smithian liberalism limits the evils that delusional men can wreak, and it tends to contest and correct their delusions in the first instance.” ~ Daniel B. Klein
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The Long Cycles in Markets and Political Order
“I found Dalio’s thesis much more persuasive than I had anticipated: some historical patterns are real, wave-like, and operate over long horizons. With skill, data, and humility, we can uncover the likely prospects for our own times.” ~ Joakim Book
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Getting Real About Taxes
“It is high time that the federal government recognizes the creepy tax effects of inflation and gets real about taxes. It should forget about taxing unrealized capital gains, compensate victims of its inflationary policies, and begin to inflation-index everything.” ~ Robert E. Wright
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Hugh Hefner and William F. Buckley Jr.: Two Very Different Legacies
“Young people intent on changing the world can take solace—and find some instruction—in the stories of two men who were still in their twenties when they made their names in the mid-twentieth century.” ~ James R. Harrigan
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Who Was Buckley?
“For the many nostalgic conservatives with strong emotional investments in Buckley, the fading of familiarity with him among his countrymen hurts a little, and should.” ~ David B. Frisk
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The Recovery of Liberty
“The attack on liberty is unrelenting. To get attackers to relent, it helps to clarify what we mean by liberty. We are then in a better position to awaken them to the damage they do.” ~ Daniel B. Klein
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Everything Nancy MacLean Doesn’t Like is a Conspiracy Theory
“It would appear that MacLean’s ideological disdain for school vouchers is so intense, so fervent, and so unwavering, that she’s willing to countenance a direct partnership with racial segregationists in the service of that cause.” ~ Phillip W. Magness
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Thoughts on Democratic Choice
“Freedom of choice is wonderful, and democracy – properly understood and constrained – can be a blessing. But democracy becomes a heinous curse when its ethos is reduced to nothing more than the belief that the majority is free to choose whatever it fancies.” ~ Donald J. Boudreaux
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Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory
“If value is subjective, and if a medium of exchange is a good like any other, then how can we say that a good could not first be valued by some person somewhere as a medium of exchange rather than for some other purpose beforehand?” ~ Emile Phaneuf III
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A Three-Pronged Blunder, or, What Money Is, and What It Isn’t
“Can we please junk the stupid three-function definition of money? So what if textbook writers keep repeating it? It’s incoherent. It’s based on some earlier economists’ sloppy reading of Jevons’s classic treatment.” ~ George Selgin
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Adam Smith on Self-Deceit
“Bad men sustain delusions to deny their self-deceptions. Smithian liberalism limits the evils that delusional men can wreak, and it tends to contest and correct their delusions in the first instance.” ~ Daniel B. Klein
-
•
The Long Cycles in Markets and Political Order
“I found Dalio’s thesis much more persuasive than I had anticipated: some historical patterns are real, wave-like, and operate over long horizons. With skill, data, and humility, we can uncover the likely prospects for our own times.” ~ Joakim Book
-
•
Getting Real About Taxes
“It is high time that the federal government recognizes the creepy tax effects of inflation and gets real about taxes. It should forget about taxing unrealized capital gains, compensate victims of its inflationary policies, and begin to inflation-index everything.” ~ Robert E. Wright
-
•
Hugh Hefner and William F. Buckley Jr.: Two Very Different Legacies
“Young people intent on changing the world can take solace—and find some instruction—in the stories of two men who were still in their twenties when they made their names in the mid-twentieth century.” ~ James R. Harrigan
-
•
Who Was Buckley?
“For the many nostalgic conservatives with strong emotional investments in Buckley, the fading of familiarity with him among his countrymen hurts a little, and should.” ~ David B. Frisk
-
•
The Recovery of Liberty
“The attack on liberty is unrelenting. To get attackers to relent, it helps to clarify what we mean by liberty. We are then in a better position to awaken them to the damage they do.” ~ Daniel B. Klein
-
•
Everything Nancy MacLean Doesn’t Like is a Conspiracy Theory
“It would appear that MacLean’s ideological disdain for school vouchers is so intense, so fervent, and so unwavering, that she’s willing to countenance a direct partnership with racial segregationists in the service of that cause.” ~ Phillip W. Magness
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•
Thoughts on Democratic Choice
“Freedom of choice is wonderful, and democracy – properly understood and constrained – can be a blessing. But democracy becomes a heinous curse when its ethos is reduced to nothing more than the belief that the majority is free to choose whatever it fancies.” ~ Donald J. Boudreaux
-
•
Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory
“If value is subjective, and if a medium of exchange is a good like any other, then how can we say that a good could not first be valued by some person somewhere as a medium of exchange rather than for some other purpose beforehand?” ~ Emile Phaneuf III
-
•
A Three-Pronged Blunder, or, What Money Is, and What It Isn’t
“Can we please junk the stupid three-function definition of money? So what if textbook writers keep repeating it? It’s incoherent. It’s based on some earlier economists’ sloppy reading of Jevons’s classic treatment.” ~ George Selgin