New Jersey Council for Economic Education |

07 Aug Bonus Quotation of the Day…

Posted at 15:30h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) Tweet… is from page 25 of the 2008 updated version of University of Arizona philosopher David Schmidtz’s excellent 1994 paper, “The Institution of Property“: We should applaud institutions that encourage people to care for each other. But telling people they are required to tend...

06 Aug Savings Are the Foundation of Economic Growth

Posted at 09:42h in Voluntary Exchange Sources by one80Admin

Most commentators’ regard savings as harmful to economic growth on the ground that savings are associated with fewer outlays. These commentators portray economic activity as a circular flow of money. Spending by one individual becomes part of the earnings of another individual, and spending by...

06 Aug What Made Rothbard Great

Posted at 09:42h in Voluntary Exchange Sources by one80Admin

If you don’t mind, I am going to do what men of my age do from time to time, and that is tell you war stories—usually insufferably boring for younger people, but occasionally enlightening if you find that perhaps you are going through a similar...

06 Aug ‘Buy America’ Was a Bad Idea Last Century. It’s a Worse One Now.

Posted at 09:36h in Voluntary Exchange Sources by one80Admin

Far from modernizing the economy, recycling these old rules in the new infrastructure plan won't create more jobs or make the U.S. more competitive.The infrastructure bill moving through the Senate takes more than 2,700 pages to lay out $1 trillion in spending. Many aspects of the...

06 Aug Edwin Cannan: An Economist Who Protested Against Big Government

Posted at 09:35h in Voluntary Exchange Sources by one80Admin

One hundred years ago, the countries of Europe were trying to recover from the consequences of the First World War. It was not only the cost in human life (estimated to be more than 20 million people) and the military expenditures of nearly $5 trillion...

05 Aug Biden’s Band-Aid Eviction Moratorium

Posted at 09:10h in Voluntary Exchange Sources by one80Admin

Last May, while teasing a run for the governor of Texas, eccentric actor Matthew McConaughey famously quipped, “I’m not interested in going and putting a bunch of Band-Aids on that are gonna be ripped off as soon as I’m out.” The sentiment McConaughey captures with this...

04 Aug The CDC Just Proved Milton Friedman Right (Again!)

Posted at 16:26h in Voluntary Exchange Sources by one80Admin

I hate to say “I told you so.” Well, actually, I really enjoy saying “I told you so.” And, when it comes to the Centers for Disease Control and its pandemic power grabs, I did indeed tell you so. In September 2020, I wrote for FEE...

03 Aug Teachers Unions Are Again Flexing Their Political Muscle, This Time On Mandatory Masking

Posted at 16:21h in Voluntary Exchange Sources by one80Admin

On Monday, the Massachusetts Teachers Union unanimously voted to endorse mandatory mask-wearing for all students in preschool through college, calling on the governor to issue a mask order. Teachers unions have recently advocated for required school masking in other states as well, and the head...

03 Aug Are Google, Facebook, and Amazon So Good at What They Do That We Must Get Rid of Them?

Posted at 16:18h in Voluntary Exchange Sources by one80Admin

Some years back, airlines offered an attractive in-flight menu of dining choices. The much-pampered passenger faced some tempting options. Some items were so...

03 Aug Three – No, Four – Cheers for Space-Travelling Billionaires

Posted at 16:14h in Voluntary Exchange Sources by one80Admin

On July 11, 2021, Sir Richard Branson and three employees of his private space venture, Virgin Galactic, traveled 53.5 miles over Earth in a voyage taking just over one hour. A little over a week later, Jeff Bezos’ New Shepard rocket lifted off on a...

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