New Jersey Council for Economic Education |

01 Jul The Tyranny of the Minority Is Just as Dangerous as the Tyranny of the Majority

Posted at 07:54h in Voluntary Exchange Sources by one80Admin

In a previous installment, I pointed out that in On Liberty, John Stuart Mill advocated for minority opinion to be specially “encouraged and countenanced,”1 and thus that Mill was not an absolute free market thinker where opinion is concerned. Mill suggested that minority opinion should not...

01 Jul Censorship Kills

Posted at 07:53h in Voluntary Exchange Sources by one80Admin

Whenever I write an essay critical of expert opinion on Covid, I immediately receive indignant replies. Some assume I must be a bleach-drinking supporter of President Trump. Others label me a dangerous libertarian since, in their view, I challenge the “best” source of expert opinion. Among...

01 Jul “Progressives” Blame F. A. Hayek for Everything They Dislike

Posted at 07:53h in Voluntary Exchange Sources by one80Admin

There is the ideologically captured mind that squeezes all the complexities, diversities, uncertainties, and serendipities of life into one limited dimension of cause and explanation. One such mind is that of Wellesley College historian, Quinn Slobodian, who sees everywhere the manipulating agents of a nefarious...

01 Jul Fast grants and the economics of subsidizing science

Posted at 07:52h in Voluntary Exchange Sources by one80Admin

One of the great insights of modern growth theory -- Paul Romer's Nobel Prize -- is that ideas are the foundation of economic growth. Ideas are also "nonrivial." If you use my car, I can't use it, but if you use our family recipe for...

01 Jul The Truth about Excess Deaths

Posted at 07:52h in Voluntary Exchange Sources by one80Admin

One of the most controversial and heavily debated responses to the pandemic, and one that was and continues to be used by various governments, is Shelter in Place (SIP) orders, commonly referred to as lockdowns. This week saw Australia institute another SIP for the Greater...

01 Jul The Fed’s Power over Inflation and Interest Rates Has Been Greatly Exaggerated

Posted at 07:50h in Voluntary Exchange Sources by one80Admin

It is widely held that the central bank is a key factor in the determination of interest rates. By popular thinking, the Fed influences the short-term interest rates by influencing monetary liquidity in the markets. Through the injection of liquidity, the Fed pushes short-term interest...

01 Jul Much Ado about Nothing in the Art Market

Posted at 07:50h in Voluntary Exchange Sources by one80Admin

The recent sale of an invisible statue for £13,000 is symptomatic of the thoroughgoing financialization of our economy. Investors have become ever more obsessed with the symbols of economic reality and less concerned with underlying economic facts. Original Article: "Much Ado about Nothing in the Art...

01 Jul Famous Investor: The Homeschooling Boom Is Just Beginning

Posted at 07:49h in Voluntary Exchange Sources by one80Admin

Speculation abounds over whether or not the pandemic-induced growth in homeschooling is temporary. While there are several signs indicating that parents won’t be sending their children back to public schools this fall, and homeschooling continues to be a popular choice, the question remains: for how...

01 Jul The Right to Bear Arms

Posted at 07:45h in Voluntary Exchange Sources by one80Admin

Why are 58% of new gun owners Blacks, and 40% women? Would carrying a gun make you feel safer?Robert Nash and Brandon Koch thought so. But the state of New York denied them gun permits, saying they hadn’t demonstrated a “special need.”Why did they have to prove...

29 Jun We Pretend to Work and You Pretend to Pay Us-AIER

Posted at 09:52h in Uncategorized by one80Admin

Sometimes I dream about revolution. One of those sweeping, all-consuming, ideological changes that brush away the corrupt old and bring in the undefiled new. Anything but this mad chaos, please! Thankfully, I’m not in a position to unleash those changes –...

Author: one80Admin