New Jersey Council for Economic Education |

25 Jul How Food Stamps Are Like Broken Windows

Posted at 19:16h in Voluntary Exchange Sources by one80Admin

“We must remember for every dollar spent by a SNAP recipient, the economy is stimulated by $1.50.” This line was shared more than once in a recent Congressional hearing on the future of the federal government’s largest feeding program, SNAP (Supplemental Nutrition Assistance Program, or food...

25 Jul Organic food isn’t better for us – or the environment

Posted at 19:15h in Voluntary Exchange Sources by one80Admin

My article for Spectator:It is mystifying to me that organic food is still widely seen as healthier, more sustainable and, most absurdly, safer than non-organic food. Following the publication of part two of Henry Dimbleby’s National Food Strategy last week, the organic movement was quick to...

25 Jul The False Promise of Sanctions and Isolation

Posted at 10:38h in Uncategorized by one80Admin

The American appetite for war and conflict has greatly deteriorated for good reason. For many citizens, the United States has been at war for most of their lives; those born in the 21st century will have never lived through a time...

25 Jul The Asymmetry of Bitcoin Scams Is All Very Sad

Posted at 08:50h in Voluntary Exchange Sources by one80Admin

Here’s a financial and ethical principle you can generalize: if you’re liable for the downside, you deserve the upside. It works in the opposite way too: if you’re in on the upside, you should carry the downside risk. Any trader gets this. A large chunk of...

24 Jul Democracy’s Road to Tyranny

Posted at 13:07h in Voluntary Exchange Sources by one80Admin

Plato, in his Republic, tells us that tyranny arises, as a rule, from democracy. Historically, this process has occurred in three quite different ways. Before describing these several patterns of social change, let us state precisely what we mean by “democracy.” Pondering the question of “Who...

24 Jul Capitalism: A Treatise on Economics, by George Reisman—A Review

Posted at 13:07h in Voluntary Exchange Sources by one80Admin

In a 1989 article in The National Interest, Francis Fukuyama declared that the worldwide collapse of socialism signified only one thing: “the unabashed victory of economic and political liberalism.” In a New Yorker article a year later, Robert Heilbroner (hardly a friend of capitalism) acknowledged...

24 Jul Cuba’s Heroes

Posted at 12:43h in Voluntary Exchange Sources by one80Admin

No one remotely familiar with how things work in Cuba can feel anything less than awe and admiration for the thousands of Cubans who have taken to the streets—first in San Antonio de los Baños and then in many parts of the island—to protest against...

24 Jul Classic Stossel: Don’t Be Afraid of Robots!

Posted at 12:41h in Voluntary Exchange Sources by one80Admin

Technology is changing our world! A Japanese hotel is using robots as porters and bellhops. When robots do this work, fewer receptionists will get jobs. Military robots will replace soldiers. Driverless cars will put taxi and truck drivers out of work.----So you don’t miss the...

23 Jul Why Government Lockdowns Mostly Harm the Poor

Posted at 16:12h in Voluntary Exchange Sources by one80Admin

One of the worst policies a developing country’s government can make is to deprive its citizens from earning a living. Unfortunately, this is exactly what we witnessed in response to the Coronavirus pandemic that began to truly take shape in March 2020. Many people have...

22 Jul No Science Is Ever Settled

Posted at 14:47h in Voluntary Exchange Sources by one80Admin

“Just because you know a lot about shit doesn’t mean you know shit.”(overheard on Zoom) Purity is a poor test for us fallen creatures: Nobody, bar perhaps the occasional Mother Teresa, is that good. Not strictly because we individually fall short of our ideals, but because...

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