Quotation of the Day…
Tweet… is from page 39 of James Otteson’s excellent essay in the Summer 2017 issue of The Independent Review, “The Misuse of Egalitarianism in Society“: We must beware of the Great Mind Fallacy, which...
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TweetArnold Kling argues that today’s economy – so very different from the one of the mid-20th century – is increasingly illegible with the concepts and tools of national income accounting. A slice:...
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TweetSomeone should alert Robert Frank. (HT Craig Newmark of Newmark’s Door) In my latest column in the Pittsburgh Tribune-Review, I explain why a U.S. trade deficit does not mean that we Americans...
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TweetRobert Samuelson reveals several problems with Richard Reeves’s Dream Hoarders account. How bad, really, is infrastructure in the United States? Warren Meyer understandably fears unconstrained...
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TweetDeirdre McCloskey debates Zoe Williams on the question: Is inequality the root of all social ills? A slice from Deirdre’s remarks: And yet you confuse poverty with inequality. Since 1800, never...
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TweetJeffrey Tucker is rightly repulsed by the resurgence of bigotry and of what Ludwig von Mises called “right-Hegelianism” on disgusting display this weekend in Charlottesville. A slice: But one...
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Quotation of the Day…
Tweet… is from page 131 of my colleague Dick Wagner’s insightful 2016 book, Politics as a Peculiar Business (link added): Consider a variation on Henry Fawcett’s (1871) tale of Robinson and Smith....
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TweetMy colleague Larry White debunks a common myth about money. George Will rightly laments the bitter fruit of government lawlessness – and specifically, the Affordable Care Act. A slice: The...
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TweetGeorge Will reveals protectionists’ – Jon Murphy would say “scarcityists'” – noxious combination of ignorance and guile. A slice: Exactly 200 years ago, [David] Ricardo published “On the...
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TweetDavid Henderson discusses “price gouging” with Tom Woods. I discuss “price gouging” with Rob Breakenridge. Ryan Bourne adds his wisdom to the debate over “price gouging.” Here’s his conclusion:...
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TweetWriting in the Wall Street Journal, Martin Feldstein busts the myth that middle-class Americans are stagnating economically. A slice: If there is no increase in the cost of production, the...
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Quotation of the Day…
Tweet… is from page 73 of F.A. Hayek’s 1945 lecture “Individualism: True and False,” as this essay is reprinted in Studies on the Abuse & Decline of Reason, Bruce Caldwell, ed. (2010), which is...
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Quotation of the Day…
Tweet… is from pages 248-249 of the 1998 Liberty Fund edition of Anthony de Jasay’s brilliant 1985 book, The State: A political system which, by virtue of competitive bidding for consent, produces...
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TweetCecil Bohanon and Bill Styring explain that tariffs tilt, rather than level, economic ‘playing fields.‘ Also on trade – specifically, here, the Trump administration’s inexcusable and dangerous...
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TweetGMU Econ doctoral candidate Jon Murphy expands nicely upon one of my criticisms of Ian Fletcher’s stated reasons for denying the reality that trade deficits can be – and typically are – good for...
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TweetBob Higgs explains why knowledge of the income or wealth ‘distribution’ is worse than worthless. A slice: They say that a little knowledge is a dangerous thing. About certain things, however, any...
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TweetIlya Somin documents the happy trend of left-leaning thinkers who are coming to realize the economic damage that zoning restrictions unleash – damage unleashed disproportionately on those groups...
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TweetWriting in The Hill, my Mercatus Center colleague Dan Griswold calls for more open immigration. On the same theme – immigration – is James Pethokoukis. In the Wall Street Journal, Gregory Clark...
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TweetMy colleague Bryan Caplan wins more bets. George Will calls on courts to prevent breaches of contracts by cowardly university administrators. Pierre Lemieux identifies a troubling trend in China....
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Quotation of the Day…
Tweet… is from pages 333-334 of the 1990 Transaction Publishers reprint of W.H. Hutt‘s important 1936 book, Economists and the Public: Apparent success in redistribution through taxation may be due to...
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