New Jersey Council for Economic Education |

24 Mar Lockdown Tyranny: A Personal Retrospective-AIER

Posted at 17:22h in Uncategorized by one80Admin

Over the past year, Americans’ rights and liberties have been ravaged worse than almost anyone expected at the start of the Covid-19 pandemic. Fearmongering quickly proved the ticket for politicians to seize almost unlimited power. But heavy-handed government decrees were more...

23 Mar The 6-Foot Mandate Was Bad Science

Posted at 20:54h in Voluntary Exchange Sources by one80Admin

On March 19th the Centers for Disease Control issued a press release detailing changes to its operational strategy for K-12 students. It stated that among other things, students may now reduce their social distancing from 6 feet to 3 feet. The release begins as follows, “The...

23 Mar The Miseducation of America’s Elites

Posted at 10:37h in Voluntary Exchange Sources by one80Admin

The dissidents use pseudonyms and turn off their videos when they meet for clandestine Zoom calls. They are usually coordinating soccer practices and carpools, but now they come together to strategize. They say that they could face profound repercussions if anyone knew they were...

23 Mar Hard Work Isn’t Enough. You Have to Work Hard on the Right Things.

Posted at 10:35h in Voluntary Exchange Sources by one80Admin

In his 1994 book Ethics and Economic Progress, the Nobel Prize-winning economist James M. Buchanan explains why the work ethic matters using the first few pages of Adam Smith’s Wealth of Nations. According to Buchanan, we’re all better off because of a shared work ethic....

23 Mar How ‘15 Days to Slow the Spread’ Became a Year

Posted at 10:34h in Voluntary Exchange Sources by one80Admin

A pastor put out a humorous Twitter poll a few months ago asking how people interpreted “15 days to slow the spread.” Referencing religious debates about creation, the options were as follows. 15 literal days 15 ages 14 literal days, big gap, 15th day Entirely metaphorical The joke raises a...

23 Mar On the Pursuit of Tyrannical Policies and Zero-Risk Societies

Posted at 10:31h in Voluntary Exchange Sources by one80Admin

There's no such thing as a zero-risk society, and any attempt to create one will lead inevitably to tyranny. Read more at Creators. Read the Full Article here: >Mercatus Center...

23 Mar The Mischief of “Pecuniary Externalities”

Posted at 10:31h in Voluntary Exchange Sources by one80Admin

Among the most misleading – and hence, most objectionable – terms used in modern economics is “externality.” As summarized in my previous essay, Externalities are third-party effects, such as when Steve and Sarah’s actions have an impact on Silas’s welfare, with Silas not being consulted by...

22 Mar Unions Invade Private Property

Posted at 22:55h in Voluntary Exchange Sources by one80Admin

“If I didn’t allow them in, I’m the one going to jail!” rants a farmer after a California law allowed dozens of union activists to storm onto his farm. ---- Don't miss the weekly video from Stossel TV. Sign up here: https://ift.tt/37hRbtg ---- “You don’t...

22 Mar They Don’t Make Movies Scenes Like This One Any More

Posted at 22:50h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) TweetPeople in my generation will be amused to see, in this scene, Gilligan’s Island “skipper,” Alan Hale, dressed in a business suit. But the truly interesting feature of this short clip is the spot-on economics lesson delivered in the span of four minutes....

22 Mar Lenin’s New Economic Policy: When the Soviets Admitted Socialism Doesn’t Work

Posted at 15:47h in Uncategorized by one80Admin

A century ago, the Mother Ship of Socialism—the Soviet Union—was teetering on the precipice. The Poles had just vanquished the hopes of dictator Vladimir Lenin to sweep across Europe. Under the bludgeon of Marxist central planning, the economy had collapsed to a fraction of its...

Author: one80Admin