This is my second blogpost excerpting from Henry Hazlitt’s modern classic, Economics in One Lesson. The topic, which followed shortly after that which I cited last time, is one that should be familiar to anyone with at least a smattering of reading in, or a lecture on, basic economics, regardless of which school of thought […]
“The first six months of the Donald Trump administration have not been kind to the experts and the degree-holding classes.” — Victor Davis Hanson I initially became aware of Victor Davis Hanson roughly 20 years ago when he occasionally guested on a radio show I listened to back then — iirc, it was the Hugh […]
“Price-fixing always does harm and it is never a cure for inflation.” — Hazlitt & Wesbury In May 1972, the first issue of Imprimis featured an article (“The Dangers of Price Controls”) by Henry Hazlitt, the noted author/journalist on matters of business and economics. The Federal Reserve had been printing a lot of money to […]
“Do tariffs defy the laws of supply and demand and lift our standard of living?” — opening question in “Separating Tariff Facts from Tariff Fictions” by Erica York, Cato Institute Every once in awhile, the issue of tariffs comes up in the news. Even with my limited knowledge of economics and tariffs, I know that, […]
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” — Milton Friedman, Nobel Prize-winning economist Thanks primarily to bad governmental policy, Americans have noticed their hard-earned dollars are buying noticeably less these […]
This is sure to come up in the elections, especially by Hillary and Bernie, so listen up…. I always thought that “trickle down” economics was a snarky reference to some aspect of Reaganomics. Turns out, I was only half right. While prepping this post, I discovered that Ronald Reagan’s disillusioned budget director, David Stockman, later […]
“Secularists, for various reasons, have a notoriously low birth rate by comparison to their more religious neighbors. And, according to Darwinistic expectations, strong populations will inevitably multiply, dominating smaller, weaker ones. By failing to produce offspring, Secular society will eventually be judged and found wanting by its own dogmatics.” — Wes Walker, writer With my […]