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Category Archive for 'P-R'

The most incredible thing about the Christian holiday of Easter is the guiding light the faith has been to billions of people. You may share different religious beliefs, you may be atheist, or agnostic, but I would remind all of us two things. First, we all have religious beliefs, some of us are just able […]

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Black Americans disproportionately suffer from kidney disease. Our current policy bans any market incentives from helping them out. By any definition of racism from Kendi and others, therefore having a price control of zero in kidneys IS RACIST. And it is therefore ANTIRACIST to advocate for more market oriented organ policies. Of course, the Hash […]

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Economist Thomas Sowell writes in Discrimination and Disparities: A study titled The Poor Pay More saw the poor in general as “exploited consumers,” taken advantage of by stores located in low-income neighborhoods. (Here are two studies, here and here). This view was echoed in the media, in government and in academic publications. Yet, because many […]

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What that image depicts is what share of an “adequate family of four budget” that a minimum wage earner would make if she worked full-time (52 weeks @ 40 hours). That budget was determined by the Bureau of Labor Statistics and included what it costs to purchase goods, rents and services, payment of personal taxes, […]

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If (when) Biden’s $15 national minimum wage causes disparate unemployment outcomes of black teens vs white teens, will we strike it down as racist policy? Remember, Kendi tells us that a policy is either racist or anti-racist. We would hope that we distinguish results from intent. Doing the empirical work here is the bread-and-butter of […]

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Gerentocracy

Our gerentocracy doesn’t suck because they are old. No, it sucks because their ideas have been terrible for 50 years, and they continue jamming them down our throats to this day. Have a nice day.

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“This is, of course, a very unrealistic assumption … these operations are often extremely costly … to prevent many transactions.” That was him referring to the oft-straw man argument by opponents of Coasean insights about “transactions costs being zero.” Coase obviously knew that. And he obviously was making a different point. The Coase Theorem as […]

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Gifts are the original sin of commerce. My theory is that this is why “the gift economy” is so cherished by critics of anonymous, ephemeral, market exchange. Market exchanges allow us to free ourselves from the power that our families and others exercise over us. The wider the extent of market competition, the less we […]

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Less Sexy, But More Important

One of our fine students, Dan DiLoreto shares his insights on how local and state regulations stifle commerce and ultimately hurt not just consumers but workers too. Here is a bit: The alcohol industry ultimately operates as a case study in how protectionist policies at both the national and the state level hurt growth and […]

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Monday Morning Reflection

I would prefer to be the only propertyless person in a propertied world rather than the only propertied person in a propertyless world.

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