Sep 12, 2023 · TweetThe Cato Institute today begins the release of a series of papers in its new and important project “Defending Globalization.” I’m pleased to have contributed the first of these papers; it’s titled “Comparative Advantage.” A slice: The scholar, financier, and statesman David Ricardo (1772–1823) is credited with first clearly identifying comparative advantage. He did so […] Panera Bread is a popular bakery-café chain known for its delicious and wholesome menu offerings. With a wide range of options available, from breakfast to dinner, Panera menus hav...Hayek was born in Philadelphia, Pennsylvania and has lived in various locations in Philadelphia. He is a sculptor as well as a painter, and his work is often …On June 22, 2021, just a few weeks before the city’s Summer Paralympic Games were slated to begin, Tokyo’s Dawn Avatar Robot Cafe officially opened its doors for business. What hel...Tweet. Today’s Wall Street Journal exposes the lie that is the so-called “Social Security Trust Fund” – and further reveals the disgraceful flippancy with which politicians and their go-fers mislead the public about it. Here’s a slice: President Obama famously played to grandma’s Social Security fears this week, saying in an interview about the debt-ceiling …Quotation of the Day…. by Don Boudreaux on February 13, 2024. Tweet. … is from page 281 of the 2016 second edition of Thomas Sowell’s important volume Wealth, Poverty and Politics (original emphasis): Black Americans, a group identified as beneficiaries of the welfare state in America, made considerable economic progress in the twentieth ...In the fast-paced world of cafes, it takes more than just delicious food and great service to stand out from the crowd. Creating a memorable atmosphere is essential to attracting a...TweetAn economist friend, who teaches at a prominent U.S. university (not George Mason!), just sent to me the following e-mail in response to this earlier Cafe Hayek post in which I quote Thomas Sowell on the abuse of science. I share the e-mail with my friend’s kind permission, but my friend wishes to remain anonymous. […]Aug 29, 2023 · TweetMy former Mercatus Center colleague Susan Dudley, writing with Kip Viscusi in the Wall Street Journal, warns of Biden & Co.’s politicization of benefit-cost analyses of government regulations. Two slices: President Biden recently promised to “modernize” regulatory review, and that includes a major overhaul of how agencies measure the benefits and costs of their proposed […] Jan 30, 2006 · Tweet. I wish I had more time – or that my time weren’t so valuable. I would spend more time perusing my 1975 Fall/Winter Sears catalog.. I checked out a few items from that catalog that are reasonably – though hardly fully – comparable to similar items in 2006. Tweet. David Warsh says Hayek wasn’t much of a macroeconomist. Krugman piles on. Tabarrok answers.Boettke responds here.. My take is that there are two parts to Hayek’s career as a macroeconomist. In the first part, which runs till roughly 1941, Hayek is a business cycle theorist who was on to something–the role of the manipulation and …Cafe Hayek. where orders emerge. Hayek’s Articles. by Don Boudreaux on August 28, 2019. in Economics, Hayek, Philosophy of Freedom. Tweet. Kevin Cobb e-mailed to ask what are my “top ten articles by Hayek”. Wow. That’s …Jan 14, 2024 · What I have often encountered are people who think that the case for free trade in America is one that ‘globalists’ push to help foreigners despite the net damage that free trade will allegedly inflict on America. Such a belief seems to undergird the “America First!” notion, and explains many of Trump’s diatribes against trade. Aug 19, 2021 ... The Dutch expectation of competence extends to public life. One afternoon, I was enjoying a beer and sandwich at a sidewalk café. An SUV was ...A slice: House Republicans are taking well-deserved flak for their tax bill, which passed by a 357-70 vote last week. Critics have primarily trained their fire on the beefed-up child tax credit, with its deficit spending and replacement of work with welfare. But that provision isn’t the only mistake in this legislative monstrosity.Mar 15, 2023 · Help Improve the Cafe. Contact our webmaster about errors on the site. ... Tweet. Some commentors here at the Cafe have insisted that – as “Brutus” put matters today when commenting on this post – “If the history of mercantilism showed that it weakened an economy, then I would agree with you [that protectionism harms an economy]. But the data indicates [sic] the otherwise, including the history of the US.”This myth is …TweetIn my latest column for AIER I distinguish capitalism being impersonal from capitalism being ‘soulless.’ Two slices: There’s a lot to like in Richard Jordan’s recent essay at Law & Liberty, “Romancing Creative Destruction.” But it’s also infected with a notable flaw, namely, Jordan’s claim, complete with added emphasis, “capitalism is …Jan 15, 2024 · Quotation of the Day…. by Don Boudreaux on January 15, 2024. Tweet. … is from page 139 of the 2015 Fourth Edition of Dartmouth economist Douglas Irwin’s superb book Free Trade Under Fire: And here, a very basic point must be stressed: the perception that imports destroy good, high-wage jobs in manufacturing is almost completely erroneous. Henry Manne on Insider Trading. by Don Boudreaux on April 28, 2014. Tweet. The great Henry Manne – dean emeritus of George Mason University’s School of Law and pioneering scholar in law and economics – helps expose, in tomorrow’s Wall Street Journal, the folly of the prohibition of insider trading. A slice:Jan 18, 2024 · Quotation of the Day…. by Don Boudreaux on January 18, 2024. Tweet. … is from pages 50-51 of the original edition of the late Wesleyan University economic historian Stanley Lebergott’s important 1964 volume, Manpower in Economic Growth (footnote deleted): In Rhode Island, where the mills began, 42 percent of those who staffed the cotton ... Some Links. by Don Boudreaux on January 22, 2024. Tweet. Thomas Lambert and Tate Cooper methodically expose the errors, illogic, and arrogance of the neo-Brandeisians. Two slices: Two of Neo-Brandeisianism’s reform proposals are unique to the movement and follow from its distinctive criticism of the prevailing antitrust regime.Jan 9, 2024 · In a free society, characterized by individual liberty, each one pursues his own goals (his “ends” in the terms of Friedrich Hayek ). Each one is free to pursue his own happiness. That the collectivist ideology espoused by protectionists would lead to logical contradictions is not surprising. In defending the “national interest ... Tweet. As Russ announced, Cafe Hayek recently opened a section dealing with the alleged "hollowing out" of America — the alleged disappearance of the American middle-class.. My two latest columns in the Pittsburgh Tribune-Review — here and here — offer some reasons why the Consumer Price Index likely overstates inflation — and, …Quotation of the Day…. by Don Boudreaux on February 11, 2024. Tweet. … is from John Stuart Mill’s 1828 speech titled “ Speech on Perfectibility “: I have observed that not the man who hopes when others despair, but the man who despairs when others hope is admired by a large clan of persons as a sage, and wisdom is supposed to consist ...Nov 2, 2022 · TweetRuss Roberts talks with Mike Munger about industrial policy. Here’s a slice, from the transcript, of Munger’s remarks: Look, elected officials have a two-year time horizon until the next election. And that’s in November. So, in December they have a 23-month time horizon. So, politics has a really, really short time horizon, and that’s why […] When it comes to delicious and wholesome food options, Panera Bread is a go-to destination for many. With a wide range of menu items that cater to various tastes and dietary prefer...A slice: House Republicans are taking well-deserved flak for their tax bill, which passed by a 357-70 vote last week. Critics have primarily trained their fire on the beefed-up child tax credit, with its deficit spending and replacement of work with welfare. But that provision isn’t the only mistake in this legislative monstrosity.Cafe Hayek. where orders emerge. Hayek’s Articles. by Don Boudreaux on August 28, 2019. in Economics, Hayek, Philosophy of Freedom. Tweet. Kevin Cobb e-mailed to ask what are my “top ten articles by Hayek”. Wow. That’s …Some Links. My GMU Econ colleague Vincent Geloso is correct: “If you care about social mobility, you need to let markets work.”. Here’s his conclusion: Our results show that economic freedom is a potent determinant of intergenerational income mobility. A person born in the economically freest quartile of metropolitan areas experiences ...Jan 16, 2024 · Help Improve the Cafe. Contact our webmaster about errors on the site. TweetWhat would Adam Smith say about humanity’s reaction to Covid-19? Of course, no one can really know. But there’s good reason to think that Smith would worry about the Covid-inspired social separation. In his 2020 book, Adam Smith, the University of Glasgow’s Craig Smith unpacks and explains to his readers Adam Smith’s philosophy. On pages […]Jul 10, 2023 ... nouveau-logo-cafe-de-paris-400x80. Café de Paris Monte-Carlo. La ... At the helm is executive chef Yasmina Hayek, the daughter of founder Mireille ...Jan 14, 2024 · What I have often encountered are people who think that the case for free trade in America is one that ‘globalists’ push to help foreigners despite the net damage that free trade will allegedly inflict on America. Such a belief seems to undergird the “America First!” notion, and explains many of Trump’s diatribes against trade. 3 days ago · Some Links. by Don Boudreaux on February 19, 2024. Tweet. Last month, Michael Strain defended people who earn billions of dollars in markets. Two slices: Unsurprisingly, the economic populists and nationalists on the political right find themselves in agreement with the progressive left. A few months ago, Steve Bannon, former US President ... Cafe Hayek. 5,413 likes · 1 talking about this. Education websiteQuotation of the Day…. by Don Boudreaux on January 16, 2024. Tweet. … is from page 4 of the 1976 second edition of my late, great teacher Leland Yeager’s magisterial International Monetary Relations: Theory, History, and Policy (original emphases; footnote deleted): Our opportunity for gain is genuine regardless of why foreigners sell so ...Archives - Cafe Hayek. Complexity & Emergence. Frenetic Fiddling. Gambling with Other's $. Less Than Meets the Eye. Myths and Fallacies. Other People's Money. Reality Is Not Optional. Truth-seeking & ideology.Unconditionally. - Cafe Hayek. No Conscription. Ever. Unconditionally. Criticizing my unconditional opposition to conscription, you ask what I would do if “our fighting forces were undermanned and needing substantial infusions of manpower to protect our freedoms.”. That’s easy: raise soldiers’ pay until the supply of such workers is ...TweetHere’s a letter that I sent few days ago to the New York Times: Paul Krugman asserts that Beijing increases global unemployment by “siphoning much-needed demand away from the rest of the world into the pockets of artificially competitive Chinese exporters” (“World Out of Balance,” Nov. 16). This nefarious outcome allegedly results …Quotation of the Day…. by Don Boudreaux on January 16, 2024. Tweet. … is from page 4 of the 1976 second edition of my late, great teacher Leland Yeager’s magisterial International Monetary Relations: Theory, History, and Policy (original emphases; footnote deleted): Our opportunity for gain is genuine regardless of why foreigners sell so ...Tweet. Here’s a letter to the Wall Street Journal:. Editor: By my count, Peter Navarro’s op-ed in today’s pages – “Give Trump’s Tariffs a Fair Test” – is the seventh such piece that you’ve published by him since he became Donald Trump’s trade shaman. Each of these essays is a cascade of contradictions and confusions so immense that even listing them would …Jan 6, 2020 ... Hayek's “Curious Task”. For more on teaching economics, see “Economics ... He blogs at Café Hayek (www.cafehayek.com). For more articles by ...Some Links. Kevin Corcoran defends the small stuff. My intrepid Mercatus Center colleague, Veronique de Rugy, decries budgetary “red ink as far as the eye can see.”. A slice: A growing number of conservatives are in favor of new or increased family benefits and/or workers’ benefits. We can have debates about the value of these specific ...Paris, often referred to as the “City of Love,” is a dream destination for many travelers. From its iconic landmarks like the Eiffel Tower and Louvre Museum to its charming streets...The Infantilism of Some “Intellectuals”. by Don Boudreaux on February 3, 2024. Tweet. From a credible source, I just heard a rumor that someone who has been a defender of the Duke “historian” Nancy MacLean’s indescribably ignorant and tendentious effort to smear the late Nobel-laureate economist James Buchanan (a former colleague …TweetWhat would Adam Smith say about humanity’s reaction to Covid-19? Of course, no one can really know. But there’s good reason to think that Smith would worry about the Covid-inspired social separation. In his 2020 book, Adam Smith, the University of Glasgow’s Craig Smith unpacks and explains to his readers Adam Smith’s philosophy. On pages […]Are you a proud owner of a GE Cafe refrigerator? If so, you may already be familiar with the importance of regular water filter replacement. The GE Cafe water filtration system pla...For coffee lovers, there’s nothing quite like the taste and aroma of a freshly brewed cup of joe. But with our fast-paced lives, finding the time to go to a café and wait in line f...DBx: Proponents of industrial policy arrogantly suppose that they, or government officials, can and will divine the correct answers to these questions if only given the power to obstruct ordinary people’s consumption and investment decisions. Details of this supposed process of divination are, of course, never revealed.Apr 17, 2009 ... Check out Cafe Hayek, a blog that offers a counterpoint to Krugman's positions. ... Cafehayek.com is run by two George Mason University ...Some Links. by Don Boudreaux on February 8, 2024. Tweet. George Will wisely reflects on politics – and on the current sorry condition of it today in the U.S. Congress. A slice: As Judge Neomi Rao of the of the U.S. Court of Appeals for the D.C. Circuit said in an American Enterprise Institute lecture, pluralism “is a deep fact of the …HAYEK : pourquoi la Suisse n'intègre-t-elle pas l'union européenne. Jan 8 ... Abonnez-vous pour recevoir le magazine papier El Café Latino chez vous tout ...TweetAn economist friend, who teaches at a prominent U.S. university (not George Mason!), just sent to me the following e-mail in response to this earlier Cafe Hayek post in which I quote Thomas Sowell on the abuse of science. I share the e-mail with my friend’s kind permission, but my friend wishes to remain anonymous. […]A Note on Cafe Hayek. by Don Boudreaux on June 21, 2021. Tweet. Dear Patrons of Cafe Hayek: You’ll notice that there are no more ads at Cafe Hayek. The annoyance of these ads – to you and to me – grew over time to a height that swamped the value to me of the income these ads generate. Cafe Hayek will remain ad-free for a …Discoursing on Trade Deficits. Whatever credibility might reside in Kenneth Rapoza’s argument for us Americans to be wary of our trade with the Chinese is seriously diluted by his crude misunderstanding of trade balances (“ In the U.S.’s Fight Against China, We’re at a Distinct Disadvantage ,” January 3).Jan 15, 2024 · Quotation of the Day…. by Don Boudreaux on January 15, 2024. Tweet. … is from page 139 of the 2015 Fourth Edition of Dartmouth economist Douglas Irwin’s superb book Free Trade Under Fire: And here, a very basic point must be stressed: the perception that imports destroy good, high-wage jobs in manufacturing is almost completely erroneous. Tweet. Here’s a letter to The American Mind:. Editor: Quoting F.A. Hayek’s 1960 claim that free markets will bring about a “balance … between exports and imports,” Oren Cass argues that the string of annual U.S. trade deficits over the past 44 years proves that Hayek was wrong – that history has “broken” Hayek’s “promise” (“Hayek’s Broken Promise,” Feb. 19).Hayek. On Hayek and His ‘Constitution of Liberty’ ... Help Improve the Cafe. Contact our webmaster about errors on the site. ... Some Links. by Don Boudreaux on February 14, 2024. Tweet. GMU Econ alum Dominic Pino reveals yet further incoherence in the policy positions of Sen. Josh Hawley. Two slices: Senator Josh Hawley (R., Mo.) wants President Biden to invoke the Defense Production Act to force an aluminum plant in Missouri to stay open, but he …Quotation of the Day…. by Don Boudreaux on January 16, 2024. Tweet. … is from page 4 of the 1976 second edition of my late, great teacher Leland Yeager’s magisterial International Monetary Relations: Theory, History, and Policy (original emphases; footnote deleted): Our opportunity for gain is genuine regardless of why foreigners sell so ...Jan 9, 2024 · In a free society, characterized by individual liberty, each one pursues his own goals (his “ends” in the terms of Friedrich Hayek ). Each one is free to pursue his own happiness. That the collectivist ideology espoused by protectionists would lead to logical contradictions is not surprising. In defending the “national interest ... TweetIn my latest column for AIER, I share a few letters that I’ve sent over the years to students and high-school teachers. A slice: Next is a 2019 letter to a high-school student in California who applied to George Mason University: Ms. S: Thanks for your e-mail. I’m honored that you read Café Hayek, and […]Oct 31, 2023 · In no universe is such a policy prudent. Nor were lockdowns “essential.”. As Nocera and McLean note, “the weight of the evidence seems to be with those who say that lockdowns did not save many lives. By our count, there are at least 50 studies that come to the same conclusion. After The Big Fail went to press, The Lancet published a study ... Help Improve the Cafe. Contact our webmaster about errors on the site. ...Some Links. Carl Schramm explains that industrial policy paves “a path to national shrinkage.”. Two slices: The massive federal spending supposedly justified by Covid-19 served as cover for the Biden administration to transform the American economy into something more like China’s state-managed one. Left-leaning Keynesian economists …Aug 29, 2023 · TweetMy former Mercatus Center colleague Susan Dudley, writing with Kip Viscusi in the Wall Street Journal, warns of Biden & Co.’s politicization of benefit-cost analyses of government regulations. Two slices: President Biden recently promised to “modernize” regulatory review, and that includes a major overhaul of how agencies measure the benefits and costs of their proposed […] TweetThe Russian government wants to punish America for sanctions the U.S. government imposed on Russia over the Russian government’s involvement in the hostilities in Ukraine. So what does the Russian government do? Its chosen means for punishing America is to prevent the Russian people from buying food from America. “We’ll show you, Comrade …TweetThere’s much to like in Richard Jordan’s essay today at Law & Liberty, “Romancing Creative Destruction.” But I object to his claim that “capitalism simply cannot sustain spiritually-rich communities by itself.” My objection is not that the claim is mistaken; it’s not. This claim is correct. Indisputably so. My objection is to the supposition that […]Some Links. by Don Boudreaux on January 12, 2024. Tweet. George Will argues against that which shouldn’t (but, sigh, does) need arguing against – namely, the proposition that Congress must grant American citizens the privilege of using the federal courts to protect their constitutional rights under the 5th amendment’s takings clause. A …The Infantilism of Some “Intellectuals”. by Don Boudreaux on February 3, 2024. Tweet. From a credible source, I just heard a rumor that someone who has been a defender of the Duke “historian” Nancy MacLean’s indescribably ignorant and tendentious effort to smear the late Nobel-laureate economist James Buchanan (a former colleague …Jan 17, 2024 · From 2011 to 2017, manufacturing worker productivity fell at an average annual rate of 0.65%. It then grew in 2018 with the implementation of the Tax Cuts and Jobs Act. But in 2019, when the Trump tariffs were fully in effect, the productivity of manufacturing workers plummeted by 2.2%—a larger decline than in any prior year dating to 2011. Oct 24, 2023 · TweetElon Musk tweets his endorsement of Johan Norberg’s new book, The Capitalist Manifesto. My GMU Econ colleague Bryan Caplan offers thoughts on his recent debate, at TCU, with Scott Sehon on capitalism versus socialism. Two slices: Sehon briefly talked about rights-based objections to socialism. He seemed to accept the old-school ACLU rights, but scoffed at […] Apr 17, 2009 ... Check out Cafe Hayek, a blog that offers a counterpoint to Krugman's positions. ... Cafehayek.com is run by two George Mason University ...TweetIn my latest column for AIER, I share a few letters that I’ve sent over the years to students and high-school teachers. A slice: Next is a 2019 letter to a high-school student in California who applied to George Mason University: Ms. S: Thanks for your e-mail. I’m honored that you read Café Hayek, and […]Jan 12, 2024 · Help Improve the Cafe. Contact our webmaster about errors on the site. ... Some Links. Carl Schramm explains that industrial policy paves “a path to national shrinkage.”. Two slices: The massive federal spending supposedly justified by Covid-19 served as cover for the Biden administration to transform the American economy into something more like China’s state-managed one. Left-leaning Keynesian economists …The statistics, compiled by SNL Financial from U.S. Treasury data, showed 91 banks and thrifts skipped the May dividend payment under the Troubled Asset Relief Program, or TARP. It was the first missed payment for 23 of the banks; for the others, it was at least their second miss. The number of banks missing their TARP payments rose for …Are you a seafood enthusiast looking to tantalize your taste buds with the finest and freshest seafood in town? Look no further than Seafood Town Cafe, where culinary excellence me...Oct 24, 2023 · TweetElon Musk tweets his endorsement of Johan Norberg’s new book, The Capitalist Manifesto. My GMU Econ colleague Bryan Caplan offers thoughts on his recent debate, at TCU, with Scott Sehon on capitalism versus socialism. Two slices: Sehon briefly talked about rights-based objections to socialism. He seemed to accept the old-school ACLU rights, but scoffed at […] Then a Miracle Occurs…. by Don Boudreaux on March 20, 2014. Tweet. This famous Sidney Harris cartoon (below) captures what is wrong – what is deeply unscientific – about far-too-much modern economics. The miracle assumed by the unscientific ‘scientific’ modern economist is that government will act (1) apolitically, (2) …Jan 6, 2020 ... Hayek's “Curious Task”. For more on teaching economics, see “Economics ... He blogs at Café Hayek (www.cafehayek.com). For more articles by ...Apr 16, 2009 · 7,779 Followers Replies Media Cafe Hayek @CafeHayek · Jan 17, 2012 Ancient Wisdom - Here's a letter to the New York Times: Bruce Bartlett usefully reflects on Pres. Obama's plan to me... cafehayek.com Ancient Wisdom Jan 21, 2024 · Vladimir Lenin has been gone for a century, but the evil he did lives on. The first leader of the Soviet Union died on Jan. 21, 1924, in Gorki, Russia (now called Nizhny Novgorod), after repeated strokes. His legacy is a world whose moral equilibrium he helped to destroy. The Soviet Union was based on Marxism, a secular religion, and Lenin was ... Apr 17, 2009 ... Check out Cafe Hayek, a blog that offers a counterpoint to Krugman's positions. ... Cafehayek.com is run by two George Mason University ...Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about the work of F. A. Hayek, particularly his writings on philosophy and …Q&A with economist and Cafe Hayek blogger Don Boudreaux. Nick Gillespie and Jim Epstein | 4.14.2016 10:35 AM. Policy · It's Nobel Prize Season Again! Why ...3 days ago · Some Links. by Don Boudreaux on February 19, 2024. Tweet. Last month, Michael Strain defended people who earn billions of dollars in markets. Two slices: Unsurprisingly, the economic populists and nationalists on the political right find themselves in agreement with the progressive left. A few months ago, Steve Bannon, former US President ... Cafe hayek
A blog post by Don Boudreaux that links to various articles and opinions on topics such as industrial policy, climate alarmism, media, gender identity, and federalism. …TweetThe Cato Institute today begins the release of a series of papers in its new and important project “Defending Globalization.” I’m pleased to have contributed the first of these papers; it’s titled “Comparative Advantage.” A slice: The scholar, financier, and statesman David Ricardo (1772–1823) is credited with first clearly identifying comparative …TweetMatt Ridley decries the BBC’s insistence on co-opting bad weather into a climate crusade. Two slices: America has also failed to break records. On Monday, Death Valley got close to its (and the world’s) all-time high of 56.6C. But that record was set in 1913, 110 years ago. Remarkably, more than 30 of the 50 American […]Paris, often referred to as the “City of Love,” is a dream destination for many travelers. From its iconic landmarks like the Eiffel Tower and Louvre Museum to its charming streets...Then a Miracle Occurs…. by Don Boudreaux on March 20, 2014. Tweet. This famous Sidney Harris cartoon (below) captures what is wrong – what is deeply unscientific – about far-too-much modern economics. The miracle assumed by the unscientific ‘scientific’ modern economist is that government will act (1) apolitically, (2) …Tweet. My linking earlier today to this Wall Street Journal piece by Hal Scott and John Gulliver prompted a Cafe Hayek patron to send to me the following e-mail. I asked this patron for permission to share it here; permission was granted on condition that the patron remain anonymous. Don-By way of background, I work in a hedge fund advisory firm as …TweetKevin Cobb e-mailed to ask what are my “top ten articles by Hayek”. Wow. That’s a difficult question to answer. But I’ll give it a shot. I exclude books, book chapters, and articles that became incorporated in full into any of Hayek’s books. (And I reserve the right later to change my mind.) The order […] TweetI’d like to interview Bill Bryson for EconTalk. Does anyone know how to reach him? Please send me an email russroberts at gmail dot com. Share Tweet Share Email PrintCommentsWhat Might Have Been. by Don Boudreaux on December 3, 2023. Tweet. In my latest column for AIER I ponder lost possibilities. Two slices: Many people understandably wonder what spectacular music humanity was denied by the premature death of Mozart at the age of 35.Jan 21, 2024 · Vladimir Lenin has been gone for a century, but the evil he did lives on. The first leader of the Soviet Union died on Jan. 21, 1924, in Gorki, Russia (now called Nizhny Novgorod), after repeated strokes. His legacy is a world whose moral equilibrium he helped to destroy. The Soviet Union was based on Marxism, a secular religion, and Lenin was ... He is the author of the books The Essential Hayek, Globalization, Hypocrites and Half-Wits, and his articles appear in such publications as the Wall Street Journal, …Some Links. by Don Boudreaux on September 15, 2023. Tweet. Rob Bradley describes the battle between classical liberals and warm-mongers. A slice: “War is the health of the state,” Randolph Bourne wrote during World War I. Robert Higgs’s 1987 book Crisis and Leviathan generalized the principle: Crises are typically exploited by statist ...Maybe the dogs don’t like it. by Russ Roberts on January 19, 2010. Tweet. Once upon a time a pet food company created a new variety of dog food and rolled out a massive marketing campaign to introduce the product. Despite hiring a first-rate advertising agency, initial sales were very disappointing. The agency was fired and a new agency …3 days ago · Some Links. by Don Boudreaux on February 19, 2024. Tweet. Last month, Michael Strain defended people who earn billions of dollars in markets. Two slices: Unsurprisingly, the economic populists and nationalists on the political right find themselves in agreement with the progressive left. A few months ago, Steve Bannon, former US President ... TweetThe following is prompted by this splendid comment by Thomas Coss on this recent Cafe Hayek blog post: This minimum wage stuff is a head-fake; silly diversions so that political do-gooders can think highly about themselves, safe from any of the consequences. Indeed so. By advocating the use of government force to strip low …TweetHere’s a letter to the New York Times: Cherry-picking evidence on the employment effects of minimum-wage legislation – evidence that is suspect because it generally fails to consider long-term as well as a sufficiently full range of consequences – Paul Krugman writes that “[r]aising the minimum wage makes jobs better; it doesn’t seem …TweetIn my latest column for AIER, I share a few letters that I’ve sent over the years to students and high-school teachers. A slice: Next is a 2019 letter to a high-school student in California who applied to George Mason University: Ms. S: Thanks for your e-mail. I’m honored that you read Café Hayek, and […]Some Links. Sheldon Richman explains that which shouldn’t – but, alas, that which does – need explaining: tariffs are taxes on consumers in the home country. Two slices: Because those forced to foot the bill are not readily identifiable, the overall cost of the tariffs is also unseen and hence unappreciated.Jan 8, 2024 · Some Links. by Don Boudreaux on January 8, 2024. Tweet. Rich Vedder and Bob Lawson, writing in the Wall Street Journal, remember the great Florida State University economist Jim Gwartney. A slice: Gwartney was a founding coauthor of the Economic Freedom of the World index, which since 1996 has been published by more than 100 institutions ... Tweet… is from Albert Gallatin’s January 1832 essay “Memorial of the Committee of the Free Trade Convention” (available in full here), a part of which is ...A blog by economist Don Boudreaux that covers topics such as markets, politics, culture, and history. The latest posts include quotations, links, and commentary …Whether you run a large restaurant or a small cafe, a grease trap is definitely on the menu for keeping that damaging grease out of your wastewater system. Check out this guide to ...Quotation of the Day…. by Don Boudreaux on February 8, 2024. Tweet. … is from pages 437-438 of Julian Simon’s brilliant 1996 magnum opus, The Ultimate Resource 2: Still – there is our (probably) natural aversion to risk and uncertainty. Even so, we should keep in mind that risk and uncertainty are not all in one direction, and that the ...Dec 14, 2022 · … is from pages 120-121 of F.A. Hayek’s 1950 paper “The Meaning of Government Interference,” which appears for the first time in print as Chapter 8 of Essays on Liberalism and the Economy (2022), which is volume 18 (expertly edited by Paul Lewis) of The Collected Works of F.A. Hayek: Approximately 20 percent of all US manufactured goods exports in 2021—totaling more than $169 billion—were “ high technology ” products (i.e., “products with high [research and development] intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery”). …..Here’s a relatively recent seven-minute-plus discussion between my GMU Econ colleague Walter Williams and the Hoover Institution’s Thomas Sowell on the minimum wage government’s practice of ordering low-skilled workers to remain unemployed if, and for however long as, those workers are unable to persuade or entice employers to hire them ...Cafe Hayek. where orders emerge. Trade and Unemployment in a Country. by Don Boudreaux on October 9, 2016. in Myths and Fallacies, Trade, Work. Tweet. Several people recently have asked why economists argue that protectionist policies do not lead to greater unemployment over the long-run in countries whose governments impose such policies. I ...by Don Boudreaux on November 17, 2015. Tweet. Below the fold are the remarks that I prepared for my 15-minute opening statement during last-month’s debate at Dartmouth College on the minimum wage. Because I was the last of the three panelists to give his or her opening statement, I did some ad-libbing in response to the two other …Feb 14, 2024 · Get in Touch. by Don Boudreaux on February 14, 2024. Tweet. Here’s a letter to Yahoo!Finance: Editor: May I plead with you to improve the economic literacy of your reporting on international trade? A few days ago your reporter Enda Curran opened a story with this line: “The US goods-trade deficit with China shrank to the smallest total ... The Best Protective Tariff Rate Is Zero (But Perhaps Not So for Revenue Tariffs) by Don Boudreaux on January 26, 2024.Jan 21, 2024 · Vladimir Lenin has been gone for a century, but the evil he did lives on. The first leader of the Soviet Union died on Jan. 21, 1924, in Gorki, Russia (now called Nizhny Novgorod), after repeated strokes. His legacy is a world whose moral equilibrium he helped to destroy. The Soviet Union was based on Marxism, a secular religion, and Lenin was ... Jan 21, 2024 · Vladimir Lenin has been gone for a century, but the evil he did lives on. The first leader of the Soviet Union died on Jan. 21, 1924, in Gorki, Russia (now called Nizhny Novgorod), after repeated strokes. His legacy is a world whose moral equilibrium he helped to destroy. The Soviet Union was based on Marxism, a secular religion, and Lenin was ... The Case for Free Trade Is NOT ‘Globalist’. by Don Boudreaux on January 9, 2024. Tweet. There is much – very much – to criticize in Oren Cass’s recent cannonade, fired at Law & Liberty, against free trade. These criticisms are forthcoming. But I here want to emphasize one that has already been issued by Pierre Lemieux and, later, Jon ...Help Improve the Cafe. Contact our webmaster about errors on the site. ...Are you a seafood enthusiast looking to tantalize your taste buds with the finest and freshest seafood in town? Look no further than Seafood Town Cafe, where culinary excellence me...Archives - Cafe Hayek. Complexity & Emergence. Frenetic Fiddling. Gambling with Other's $. Less Than Meets the Eye. Myths and Fallacies. Other People's Money. Reality Is Not Optional. Truth-seeking & ideology.Due out in early October, Ilya’s book promises to be a compelling and creative explanation of how public-choice analyses – not least those of Bryan Caplan – reveal as misguided the modern notion that democracy discovers and enforces some vague phantom called “the will of the People.”. Put one way, science exposes as superstition …In the fast-paced world of cafes, it takes more than just delicious food and great service to stand out from the crowd. Creating a memorable atmosphere is essential to attracting a...Kenneth Rapoza concludes his recent piece on the U.S. trade deficit by quoting CPA president Jeff Ferry’s worry that “it is hard if not impossible to see how we can generate significant economic growth in this country while the trade deficit continues at close to a trillion dollars, or 3 percent of GDP” (“ Annual Goods Trade Deficit Has ...Tweet. Everyone has their own least favorite Krugman quote. There was his disrespectful treatment of Milton Friedman after Friedman’s death. There was his broken window analysis of the economics of 9-11. Today, now that he has won the Nobel Prize, I’d like to remember the quote that made it clear to me that the economic way of thinking …As of 2014, nutritional information for Black Walnut Cafe can be found at MyFitnessPal. People who are interested in learning more about the nutritional values of anything on the B...TweetIn my latest column for AIER I distinguish capitalism being impersonal from capitalism being ‘soulless.’ Two slices: There’s a lot to like in Richard Jordan’s recent essay at Law & Liberty, “Romancing Creative Destruction.” But it’s also infected with a notable flaw, namely, Jordan’s claim, complete with added emphasis, “capitalism is …Are you a small cafe or restaurant owner looking to upgrade your coffee equipment? Investing in a commercial coffee machine can greatly enhance the quality of your beverages and im...Coffee iced, also known as iced coffee, has become a popular beverage globally. Its origins date back to the early 19th century when it was first introduced in Algeria. Since then,...Oct 24, 2023 · TweetElon Musk tweets his endorsement of Johan Norberg’s new book, The Capitalist Manifesto. My GMU Econ colleague Bryan Caplan offers thoughts on his recent debate, at TCU, with Scott Sehon on capitalism versus socialism. Two slices: Sehon briefly talked about rights-based objections to socialism. He seemed to accept the old-school ACLU rights, but scoffed at […] Some Links. by Don Boudreaux on January 22, 2024. Tweet. Thomas Lambert and Tate Cooper methodically expose the errors, illogic, and arrogance of the neo-Brandeisians. Two slices: Two of Neo-Brandeisianism’s reform proposals are unique to the movement and follow from its distinctive criticism of the prevailing antitrust regime.Some Links. Carl Schramm explains that industrial policy paves “a path to national shrinkage.”. Two slices: The massive federal spending supposedly justified by Covid-19 served as cover for the Biden administration to transform the American economy into something more like China’s state-managed one. Left-leaning Keynesian economists …"Many years ago my family ordered me to remove my shoes before sitting down to watch the evening news," recalls George Mason University economist Don …6 days ago · Some Links. by Don Boudreaux on February 16, 2024. Tweet. GMU Econ alum Dominic Pino is rightly, highly critical of Tucker Carlson’s oooohhing and aaahhing over Moscow. Also criticizing Carlson is Charles Cooke. GMU Econ alum Alex Salter exposes the false promise of tariffs. George Will is not amused by Biden’s dishwasher regulations. 3 days ago · Some Links. by Don Boudreaux on February 19, 2024. Tweet. Last month, Michael Strain defended people who earn billions of dollars in markets. Two slices: Unsurprisingly, the economic populists and nationalists on the political right find themselves in agreement with the progressive left. A few months ago, Steve Bannon, former US President ... … is from pages 512-513 of F.A. Hayek’s June 13th, 1980, letter-to-the-editor of the Times, as this letter is reprinted in Essays on Liberalism and the Economy (2022), which is volume 18 (expertly edited by Paul Lewis), of The Collected Works of F.A. Hayek (footnote deleted; link added):Jan 30, 2024 · Quotation of the Day…. by Don Boudreaux on January 30, 2024. Tweet. … is from pages 26-27 of Robert Higgs’s 1991 paper “ Eighteen Problematic Propositions in the Analysis of the Growth of Government ,” as this paper is reprinted in Higgs’s 2007 book, Neither Liberty Nor Safety (references deleted): Government employees or dollars ... Hayek was born in Philadelphia, Pennsylvania and has lived in various locations in Philadelphia. He is a sculptor as well as a painter, and his work is often …Nov 24, 2023 · Quotation of the Day…. by Don Boudreaux on November 24, 2023. Tweet. … is from page 5 of the 2015 Fourth Edition of Douglas A. Irwin’s important book, Free Trade Under Fire: In fact, the economic case for free trade is based not on faith but on logic and evidence. DBx: Yes. Some Links. My GMU Econ colleague Vincent Geloso is correct: “If you care about social mobility, you need to let markets work.”. Here’s his conclusion: Our results show that economic freedom is a potent determinant of intergenerational income mobility. A person born in the economically freest quartile of metropolitan areas experiences ...Jan 6, 2020 ... Hayek's “Curious Task”. For more on teaching economics, see “Economics ... He blogs at Café Hayek (www.cafehayek.com). For more articles by ...TweetRuss Roberts talks with Mike Munger about industrial policy. Here’s a slice, from the transcript, of Munger’s remarks: Look, elected officials have a two-year time horizon until the next election. And that’s in November. So, in December they have a 23-month time horizon. So, politics has a really, really short time horizon, and that’s why […]Help Improve the Cafe. Contact our webmaster about errors on the site. ...TweetThe Secretary of Energy gives us his view of Americans (HT: Drudge): When it comes to greenhouse-gas emissions, Energy Secretary Steven Chu sees Americans as unruly teenagers and the Administration as the parent that will have to teach them a few lessons. Energy Secretary Chu: A teaching moment (AP) Speaking on the …Jan 17, 2024 · From 2011 to 2017, manufacturing worker productivity fell at an average annual rate of 0.65%. It then grew in 2018 with the implementation of the Tax Cuts and Jobs Act. But in 2019, when the Trump tariffs were fully in effect, the productivity of manufacturing workers plummeted by 2.2%—a larger decline than in any prior year dating to 2011. TweetWriting in the Wall Street Journal, Joel Zinberg applauds a 5th Circuit ruling that blocks the FDA’s attempt to practice medicine. Two slices: The Food and Drug Administration regulates pharmaceuticals, but it has no business playing doctor and giving you medical advice. That’s the message of a Sept. 1 ruling from the Fifth U.S. Circuit […]Tweet. Here’s a letter to Cafe Hayek commenter C___ W____: Commenting on this blog post you repeat the canard that Americans benefit from Uncle Sam following a policy of free trade only if other governments follow a similar policy. Specifically, you allege that Americans are “screwed” when other governments don’t practice free trade.TweetRuss Roberts talks with Mike Munger about industrial policy. Here’s a slice, from the transcript, of Munger’s remarks: Look, elected officials have a two-year time horizon until the next election. And that’s in November. So, in December they have a 23-month time horizon. So, politics has a really, really short time horizon, and that’s why […]My father dropped out of school in the 6th grade, although in his mid-30s he earned his GED. The GED, alas, didn’t change his career path. He worked for most of his adult life in a shipyard, first as a pipe fitter, then toward the end of his working days as a crane operator. At the end of my first, less-than-successful semester of college ...In today’s digital age, having a stable and reliable WiFi connection is crucial. Whether you are at home, in the office, or even at a public space like a café or airport, a weak or...Help Improve the Cafe. Contact our webmaster about errors on the site. ...by Don Boudreaux on November 17, 2015. Tweet. Below the fold are the remarks that I prepared for my 15-minute opening statement during last-month’s debate at Dartmouth College on the minimum wage. Because I was the last of the three panelists to give his or her opening statement, I did some ad-libbing in response to the two other …TweetNo politely sized blog post is large enough to contain even a tenth of all that that there is to say about cost-benefit analysis. So in this post – which I’ll keep polite – I’ll make only one point. (Well, I’ll make one point plus a preface.) I preface my point by saying that I’m […]Some Links. by Don Boudreaux on February 8, 2024. Tweet. George Will wisely reflects on politics – and on the current sorry condition of it today in the U.S. Congress. A slice: As Judge Neomi Rao of the of the U.S. Court of Appeals for the D.C. Circuit said in an American Enterprise Institute lecture, pluralism “is a deep fact of the …Quotation of the Day…. by Don Boudreaux on February 13, 2024. Tweet. … is from page 281 of the 2016 second edition of Thomas Sowell’s important volume Wealth, Poverty and Politics (original emphasis): Black Americans, a group identified as beneficiaries of the welfare state in America, made considerable economic progress in the twentieth ...Are you a proud owner of a GE Cafe refrigerator? If so, you may already be familiar with the importance of regular water filter replacement. The GE Cafe water filtration system pla...TweetThere’s much to like in Richard Jordan’s essay today at Law & Liberty, “Romancing Creative Destruction.” But I object to his claim that “capitalism simply cannot sustain spiritually-rich communities by itself.” My objection is not that the claim is mistaken; it’s not. This claim is correct. Indisputably so. My objection is to the supposition that […]DBx: Proponents of industrial policy arrogantly suppose that they, or government officials, can and will divine the correct answers to these questions if only given the power to obstruct ordinary people’s consumption and investment decisions. Details of this supposed process of divination are, of course, never revealed.Some facts about income inequality. Former U.S. Labor Secretary Robert Reich made a splash in 2011 with a two-minute YouTube video purporting to show that the only Americans who enjoyed any improvement in economic well-being during the 30 years following Ronald Reagan’s election to the presidency were the extremely rich.Jan 30, 2024 · Quotation of the Day…. by Don Boudreaux on January 30, 2024. Tweet. … is from pages 26-27 of Robert Higgs’s 1991 paper “ Eighteen Problematic Propositions in the Analysis of the Growth of Government ,” as this paper is reprinted in Higgs’s 2007 book, Neither Liberty Nor Safety (references deleted): Government employees or dollars ... The Best Protective Tariff Rate Is Zero (But Perhaps Not So for Revenue Tariffs) by Don Boudreaux on January 26, 2024.Mar 17, 2023 · On Hayek. by Don Boudreaux on March 17, 2023. Tweet. Thanks to Rosemarie Fike and the Fraser Institute for allowing me to expound on some of the work of F.A. Hayek ... The problem that you fret about doesn’t arise. I close by expressing agreement with Adam Smith when he wrote that “nothing, however, can be more absurd than this whole doctrine of the balance of trade.”. Economic policy would today be far better had this foolish mercantilist notion been completely discarded in the 18 th century and ever .... Costco oled