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18 ноября, 23:27

Repeating a Key Point about the Non-uniqueness of International Trade

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(Don Boudreaux) TweetHere’s a letter to a college student who “can’t understand [my] zealotry” for free trade: Mr. Evan Dunlap Mr. Dunlap: You ask why I insist that there are no losers from international trade.  Your question is fair, for such an insistence does, I confess, emit the odor of what you call “zealotry.”  But I stand […]

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18 ноября, 19:52

Some Links

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(Don Boudreaux) TweetMark Perry highlights one good reason why we Americans should be thankful this coming Thursday. Here’s the video that opened this past Wednesday’s annual Mercatus Center dinner.  (Jeff Holmes, the mastermind behind this video, is a genius, especially considering the limited talent that’s in front of the camera.) Richard Rahn is right about tax cuts. […]

18 ноября, 18:31

Quotation of the Day…

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(Don Boudreaux) Tweet… is from page 242 of Georgetown University law professor Randy Barnett’s excellent 2016 book, Our Republican Constitution; just before this quotation, Randy quotes Justice William Douglas’s poor excuse in Williamson v. Lee Optical (1955) for U.S. courts to grant near-blanket approval to all legislative regulations of business-consumer interactions: Traditionally, a law that was not […]

18 ноября, 07:46

Price Theory at Its Best

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(Don Boudreaux) TweetThis post by my colleague Alex Tabarrok on passengers tipping Uber drivers – and on Uber pricing – is a specimen as fine as you’ll find anywhere of price theory at its best.  This is economics as done well, beautifully, and usefully.  Here’s Alex’s concluding paragraph: Uber is a great service for riders and it’s […]

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17 ноября, 21:03

Abolish the CFPB

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(Don Boudreaux) TweetNo society with any pretenses of being truly free can tolerate within its midst a state agency such as the Consumer Financial Protection Bureau.

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17 ноября, 18:34

Quotation of the Day…

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(Don Boudreaux) Tweet… is from page 99 of my late Nobel-laureate colleague James Buchanan’s Fall 1975 Reason Papers article, “Boundaries on Social Contract,” as this article is reprinted in Choice, Contract, and Constitutions (2001), which is volume 16 of The Collected Works of James M. Buchanan (original emphasis): [T]o the extent that existing rights are held to be […]

17 ноября, 03:53

Bonus Quotation of the Day…

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(Don Boudreaux) Tweet… is from page 253 of my late Nobel-laureate colleague James Buchanan’s Fall 1991 Cato Journal paper, “The Minimal Politics of Market Order,” as this paper is reprinted in Choice, Contract, and Constitutions (2001), which is volume 16 of The Collected Works of James M. Buchanan: A market economy is relatively more efficient for three […]

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16 ноября, 21:33

Some Links

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(Don Boudreaux) TweetNancy MacLean’s calamity of book Democracy in Chains did not win the 2017 National Book Award, despite the travesty of it being a finalist in that competition.  Here’s a slice from an essay on this matter by Jibran Khan: Democracy in Chains, which has been thoroughly debunked by left, right, libertarian, and center, is no […]

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16 ноября, 16:07

Quotation of the Day…

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(Don Boudreaux) Tweet… is from page 209 of David Boaz’s 2015 book, The Libertarian Mind: Enthusiasts for the market process sometimes refer to “the magic of the marketplace.”  But there’s no magic involved, just the spontaneous order of peaceful, productive people freely interacting, each seeking his own gain but led to cooperate with others in order to achieve […]

15 ноября, 21:46

Further Evidence of the Absurdity of Nancy MacLean’s “Democracy in Chains”

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(Don Boudreaux) TweetHere’s a hot-off-the-press new paper by Phil Magness, Art Carden, and Vincent Geloso – a paper that further exposes the egregious errors in Nancy MacLean’s absurd and fabulist tale, Democracy in Chains.   The title of the paper is “James M. Buchanan, Public Choice, and the Political Economy of Desgregation.”  Here’s the abstract: Recent historical […]

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15 ноября, 16:02

Quotation of the Day…

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(Don Boudreaux) Tweet… is from page 236 of my late Nobel-laureate colleague Jim Buchanan‘s 1985 paper “Political Economy and Social Philosophy,” as this paper is reprinted in Moral Science and Moral Order (2001), Vol. 17 of The Collected Works of James M. Buchanan: Markets should never have been evaluated primarily and instrumentally for their ability as institutions to […]

15 ноября, 02:54

Paid to?

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(Don Boudreaux) TweetHere’s a screenshot of part of an e-mail that I received today from the Niskanen Center.  (And here’s the link that you see there.) My post here is not about climate science or about Jerry Taylor and the Niskanen Center.  Instead, my post is about this line in this Mother Jones report about Jerry Taylor: […]