Without debating the substance of the ACA or the arguments used in the King vs Burwell ruling, the Supreme Court functions within a gray area. On one hand it should not be their purpose to correct or reject bad legislation,
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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 posts in his excellent blog Cafe Hayek …from page 211 of Gary Becker’s and Guity Nashat Becker’s 1997 book,The Economics of Life: Voting out crooked politicians and punishing people in business who illegally influence policies discourages corruption. Reform
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Don Boudreaux posted in his excellent blog, Cafe Hayek this quote from von Hayek’s Constitution of Liberty: The whole attitude which regards large gains as unnecessary and socially undesirable springs from the state of mind of people who arc
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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 Carpe Diem, Don Boudreaux’s ongoing, excellent coverage of the minimum wage issue And don’t forget: empirical studies today of the effects of changes today in the minimum wage are biased against finding negative employment results because many of the negative results of
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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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Kevin Williamson adds some clarity to the minimum wage debate in The Minimum-Wage Myths in The National Review Online. Excerpts: The purpose of this fight is not to hash out economic questions related to low-income people. The purpose of the fight
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