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Bonus Quotation of the Day…
Tweet… is from page 199 of Deirdre McCloskey’s superb 2019 book, Why Liberalism Works: How True Liberal Values Produce a Freer, More Equal, Prosperous World for All: The original and sustaining causes...
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TweetJeffrey Tucker rightly laments Trumpism’s swallowing of conservativism. A slice: Meanwhile, philosopher George Will, something of a guru in conservative circles in the early part of my career, is...
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TweetDavid Henderson is correct: capital is so far from being a homogenous glob – a “K” – that there is no analytical advantage, and far too much analytical confusion, to be had by treating it as such....
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Quotation of the Day…
Tweet… is from page 165 of Tom Bethell’s excellent 1998 book, The Noblest Triumph: We should also bear in mind that there is no inequality so great as that between command givers and receivers. DBx:...
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TweetMary Anastasia O’Grady lends her eloquent voice to those who critically expose Bernie Sanders’s inexcusable affection for totalitarians. A slice: High literacy is a joke in a place like Cuba,...
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TweetMy intrepid Mercatus Center colleague Veronique de Rugy exposes flaws in the FAMILY Act – a proposed new scheme to have government orchestrate more paid family leave. A slice: Finally, but...
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Quotation of the Day…
Tweet… is from page 279 of George Will’s splendid 2019 manifesto, The Conservative Sensibility (footnote excluded): Envy is the common denominator of the many flavors of populism and, paradoxically,...
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TweetDeirdre McCloskey polishes James Pethokoukis’s defense of those who earn billions of dollars in markets. Bruce Yandle surveys women’s participation in the workforce. Here’s David Henderson – and...
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TweetGeorge Mason University alums Phil Magness and Steve Miller, writing in the Wall Street Journal, find further credible evidence against Emmanuel Saez’s and Gabriel Zucman’s incredible claim that...
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TweetArt Carden buries the false notion that today’s bare store shelves in the United States show that free markets don’t work during crises. A slice: Second, and importantly, this is exactly what the...
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Bonus Quotation of the Day…
Tweet… is Mark Twain’s response to someone who asked him how he could be friends with Standard Oil vice-president Henry H. Rogers, whose immense fortune was falsely believed – simply because it was...
View ArticleWhatever It Is, It Isn’t Economics
TweetHere’s a letter to a long-time reader of Café Hayek: Mr. Flores: I did indeed read Saez’s and Zucman’s recent New York Times op-ed, but I wrote no letter or post in response. For a thorough...
View ArticleMore Juliette’s Uncommon Knowledge
TweetJuliette Sellgren has just posted more of her podcasts. This one is with Cato’s Chris Edwards, and this one is with EconLog’s David Henderson. Listen in. They’re great! The post More Juliette’s...
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TweetJoakim Book brilliantly exposes the many weaknesses in the argument for government intervention to correct markets failures allegedly caused by asymmetric information. A slice: The very definition...
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Pittsburgh Tribune-Review: “Can’t buy me love”
TweetIn my column for the August 16th, 2009, edition of the Pittsburgh Tribune-Review I wrote about the Beatles and the net contribution creative people make to society; I was inspired to do so by...
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Quotation of the Day…
Tweet… is from page 19 of Roger Koppl’s excellent 2018 book, Expert Failure (original emphasis): Under the rule of experts, knowledge is imposed on the system. Knowledge should instead emerge from the...
View ArticlePittsburgh Tribune-Review: “Fair’s fair — right?”
TweetIn my column for the October 16th, 2009, edition of the Pittsburgh Tribune-Review I did my best to explain the error of inferring unfairness from differences in income. You can read my column...
View ArticleJust Wondering
TweetIn my latest column for AIER I wander through some of my wonderings. A slice: I wonder a great deal about people’s misunderstanding of trade. For example, I wonder… … why, on certain occasions,...
View ArticleTo Where Is America’s Middle-Class ‘Disappearing’?
TweetHere’s a letter that I sent two weeks ago to the Washington Post: Editor: Kudos to Robert Samuelson for reporting on Stephen Rose’s research on real income growth in America over the past 50 years...
View ArticleReplying to Branko Milanović
TweetHere’s my reply to Branko Milanović’s initial response to my opening essay at Pairagraph. I argue that there’s been no economic stagnation of America’s middle class; Prof Milanović disagrees...
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