New Jersey Council for Economic Education |

15 Mar The Gradual Return of Good Sense

Posted at 13:27h in Voluntary Exchange Sources by one80Admin

President Biden made a statement last week that Americans might be able to gather in small groups by July 4, to celebrate Independence Day. One wonders who is protecting him from the reality: most of the country is almost entirely back to normal. Outside of California...

14 Mar Leave the Choice of Restrictions to the Market

Posted at 21:38h in Voluntary Exchange Sources by one80Admin

Coffee shops in Knoxville, Tennessee, are a microcosm of the world’s reaction to Covid-19. A Starbucks here features a drive-through stacked several cars deep, hour after hour. Most of the people waiting patiently in their cars wear masks. Inside, the shop is nearly deserted. As...

13 Mar Moral Courage and the Austrian School

Posted at 21:19h in Voluntary Exchange Sources by one80Admin

When economic crises hit, most pundits and intellectuals never see it coming. That is because they have never learned the lesson that Bastiat sought to teach, namely that we need to look beneath the surface, to the unseen dimensions of human action, in order to...

13 Mar Why Envy Is the Bitter Enemy of Success

Posted at 15:03h in Uncategorized by one80Admin

Envy is evil. Not just for its corrosive effects on society, but for what it can do to undermine your own success. Envy makes you bitter and joyless. Worse, it blinds you to your own potential and the opportunity around you. If the success of those around...

13 Mar Beware the Populist Feedback Loop

Posted at 13:04h in Voluntary Exchange Sources by one80Admin

Scott Lincicome Dear Capitolisters, , An increasingly common tactic on the populist right is to label skeptics of new government programs (protectionism, subsidies, etc.) “free market fundamentalists” who dogmatically oppose any and all government regulation and believe in the perfection of free markets (or whatever). The ploy is...

13 Mar Some Covid Links

Posted at 13:01h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) TweetPhil Magness and Jack Nicastro decry the brutalization – sparked by Covid Derangement Syndrome – of college students. Here’s their opening: On March 10, 2020 at 7:16 p.m. the University of Dayton tweeted that all dormitories on campus would be closed less than 24...

13 Mar CDC vs. Common Sense

Posted at 13:00h in Voluntary Exchange Sources by one80Admin

The death of Common Sense begins with the words initiated by the morass of Bureaucracy couched in safety and security. Indeed, and according to past President Ronald Reagan, the most frightening words to hear in the English language are para ‘We’re here from the government...

11 Mar The Wisdom and Courage of Mario Vargas Llosa – El American

Posted at 22:54h in Uncategorized by one80Admin

If, as an old maxim instructs, you can ascertain much about a man by who his enemies are, then Peruvian Nobel laureate Mario Vargas Llosa earned bonus points one year ago. As the coronavirus exploded across the globe in March 2020, he drew fire from...

11 Mar Great Cowen Interview of John Cochrane

Posted at 22:52h in Voluntary Exchange Sources by one80Admin

Yesterday, Tyler Cowen published his interview with Hoover Institution economist John Cochrane. It’s a lot of fun and full of insights. I recommend the whole thing. Some fun highlights follow. If You’re So Smart, Why Aren’t You Rich(er)? COWEN: Brazil has very high real interest rates for decades,...

11 Mar Julian Simon and Paul Ehrlich’s Second Bet

Posted at 16:13h in Voluntary Exchange Sources by one80Admin

In the 1960s and 1970s, environmental scares were rampant. Multiple books, such as Ernst Schumacher’s Small is Beautiful and Paul Ehrlich’s Population Bomb, forecasting a dire future were published. The connection they made was simple: the rapid pace of economic development of the West came...

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