from Cafe Hayek, Krugman and Other Stuff by Russ Roberts. When it’s convenient, Krugman ignores the “other stuff.” (We all do.) So according to Krugman, the economy of Kansas is struggling because the governor cut taxes. One variable explains everything. We can
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…from Cafe Hayek a quote from “Oscar Wilde’s February 1891 Forthnightly Review essay, “The Soul of Man Under Socialism” – a selection that appears in the superb just-published reader, Individualism, edited by George H. Smith and Marilyn Moore:” Selfishness is not living as
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from the excellent blog, Cafe Hayek, Don Boudreaux posts Good Economists Ask Questions Such As These excerpts: As I argued in this earlier post, to do good economics is chiefly to ask the right questions. The good economist is an incessant questioner;
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Quote of the Day from Cafe Hayek … is from Todd Zywicki – a colleague of mine from over in the GMU School of Law – who asks today on his Facebook page for the following clarification: So just to make sure
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Don Boudreaux writes in Cafe Hayek Insipidness Guaranteed Excerpt: It’s intriguing that the people who most self-righteously criticize the likes of McDonald’s, Anheuser-Busch, pop rock, and builders of ‘cookie-cutter’ houses for being bland and failing to experiment with the Bold
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From Don Boudreaux in Cafe Hayek, Why Is This Politician Taken Seriously? Excerpt: So here’s a simple mental experiment. Suppose you’re on the board of a successful corporation and the President & CEO of that corporation is about to retire.
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from Don Boudreaux at the great Cafe Hayek, Quotation of the Day: … is from page 144 of Anthony de Jasay’s brilliant 1998 volume, The State (original emphasis): Private property, capital as the source of countervailing power, reinforcing the structure of civil
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Don Boudreaux reviews Edmund Phelps’s “Mass Flourishing” at Cafe Hayek Excerpts: Piketty tells of a one-dimensional, dreary, and mechanical world in which wealth grows independently of human volition and where each person is fixated on the amount of money in
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Don Boudreaux quotes from David Mamet in his excellent blog, Cafe Hayek: Government is only a business. Past the roads, defense, and sewers, it sells excitement and self-satisfaction to the masses, and charges them an entertainment tax, exacted in wealth and
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from Cafe Hayek Don Boudreaux writes An Intellectual Identifies Yet Another Mysteriously Unexploited Profit Opportunity Excerpt: I believe that I’ve put my finger on what ails the American economy! The people who possess the information, insight, wisdom, and vision to
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from Don Boudreaux at Cafe Hayek A Quick Note On Inequality and Cronyism: Cronyism of the sort that Sam rightly and consistently decries does indeed unjustly enrich some people by making other people poorer. So such income transfers (which, as
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from Cafe Hayek, Don Boudreaux writes More Evidence of Evidence excerpts: Notice that, in one sense, the American middle-class is disappearing – at least as this class was defined, household-income-wise, in the mid-1970s. But it’s disappearing by becoming richer, even when measured in
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Don Boudreaux notes Cafe Hayek his Quotation of the day an excerpt from H.L. Mencken’s collection, Minority Report: The chief difference between free capitalism and State socialism seems to be this: that under the former a man pursues his own advantage
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from Some Challenges for Minimum Wage Supporters- from Carpe Diem links to Don Boudreaux at Cafe Hayek Name some other goods or services for which a government-mandated price hike of 25 percent will not cause fewer units of those goods and services to
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