New Jersey Council for Economic Education |

09 May An Autoethnographic Account of the Free Market: My Father

Posted at 07:35h in Voluntary Exchange Sources by one80Admin

Instead of approaching the free market abstractly, in this short series, I’ll approach it from the standpoint of my own experience. In short, I’ll treat the free market in an autoethnographic account. Autoethnography is just what the word suggests: it is a genre of ethnographic...

09 May From the comments, on restaurant labor and UI

Posted at 07:28h in Voluntary Exchange Sources by one80Admin

I own a restaurant and bar in a rural community in western Washington. Our state minimum wage is currently $13.69 per hour which is what we pay our tipped front of the house employees. After tips these employees are making $25 to $35 per hour....

08 May We no longer need to fear Covid

Posted at 22:37h in Uncategorized by one80Admin

We no longer need to fear Covid Published on: Saturday, 24 April, 2021 Officialdom’s absurdly cautious approach is now impossible to justify given the success of vaccines My article for the Telegraph:The whole aim of practical politics, said HL Mencken, “is to keep the populace alarmed (and hence...

08 May Let’s Make A Deal: The Bourgeois Deal Among Many Others

Posted at 18:01h in Voluntary Exchange Sources by one80Admin

In her trilogy of books on what she calls “the Bourgeois Era,” Deirdre McCloskey argues that we owe our prosperity to the Bourgeois Deal, a broad social consensus that embraces market-tested innovation. In our book Leave Me Alone and I’ll Make You Rich: How the...

08 May Fiat Turns Government From Parasite to Predator. Bitcoin fixes this.

Posted at 17:22h in Uncategorized by one80Admin

Economic policy this past year revealed one of the most harmful effects of fiat money: by allowing governments to survive without taxes, to just print up whatever they need, fiat money can convert governments from symbiotic parasites into predators that attack our livelihoods. Bitcoin fixes...

07 May Quotation of the Day…

Posted at 22:21h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) Tweet… is from page 129 of University of Notre Dame philosopher James Otteson’s excellent 2021 book, Seven Deadly Economic Sins: [C]ulture is critically important for growing prosperity, but culture can change – and quickly. The culture that enabled the growth in worldwide prosperity we have...

07 May Efficiently combating poverty

Posted at 22:21h in Voluntary Exchange Sources by one80Admin

This essay won firstplace in the essay contest of the Acton Institute’s 2020 Poverty Cure Summit, which took place on Nov. 18-19, 2020. This essay is presented as it was submitted. – Ed. Eradicating poverty, or at least effectively reducing it, is one of the oldest...

07 May Dissenters, Unite!

Posted at 22:16h in Voluntary Exchange Sources by one80Admin

Being contrarian is hard work. You need to withstand ridicule, the loss of friends, employment, and acquaintances, face the imminent possibility that most of the time you’ll be wrong, and abandon the warm fuzzy feeling of having your otherwise friendly peers confirming your bias. Yet, authentic...

07 May What Critical Race Theory Is Really About

Posted at 22:13h in Voluntary Exchange Sources by one80Admin

To explain critical race theory, we should begin with a brief history of Marxism.Critical race theory is fast becoming America’s new institutional orthodoxy. Yet most Americans have never heard of it — and of those who have, many don’t understand it. This must change. We...

07 May Death and Lockdowns

Posted at 22:12h in Voluntary Exchange Sources by one80Admin

There’s no proof that lockdowns save lives but plenty of evidence they end them.Now that the 2020 figures have been properly tallied, there’s still no convincing evidence that strict lockdowns reduced the death toll from COVID-19. But one effect is clear: more deaths from...

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