Tag Archive for economics

Free Markets Didn’t Cause The Great Depression

Fantastic column. Busting Depression Myths – TribLIVE: “There are no greater obstacles to the formation of sound public policies than mistaken understandings of history. Unfortunately, popular culture overflows with historical ignorance about the economy. Perhaps the most destructive historical myth…

I, Nutella …

In the spirit of Leonard Read’s I, Pencil. A map of all the countries that contribute to a single jar of Nutella: “Some 250,000 tons (227,000 tonnes) of Nutella are now sold across 75 countries around the world every year, according…

Milk Prices, Again

Seems like this comes up every year or so. And it’s one of those stories that makes it tough to know where to begin. Why $7-Per-Gallon Milk Looms Once Again : The Salt : NPR “The leaders of the House…

Student Loans and Incentives …

Wonderful piece from Glenn Reynolds. Incentives matter. Definitely click through. What’s Really ‘Immoral’ About Student Loans – WSJ.com: “… more than 40% of full-time students at four-year institutions fail to graduate within six years. The National Center for Education Statistics reports that…

What Price Controls Say About Us …

Dr. Art Carden explains. The entire column is worth a read. Here’s a snippet. Price Controls Make A Statement About Society – Forbes: They say that our society is elitist. Price controls inflict positive harm on precisely the people we…

Today’s Quote: Hayek on Private Property

“The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.” – Friedrich August von Hayek (1899-1992), Nobel Laureate of Economic Sciences 1974