Two boys, Tyler and Dylan, 14-year-old twins who couldn’t be any different from each other, woke up one morning to find their grandfather Jim sitting at their kitchen table eating breakfast. Seeing Grandpa was quite a surprise, he lived more…
Excellent Economics Resources
I’ve recently rediscovered the Ludwig von Mises Institute, which is dedicated to the Austrian school of Economics. They have an amazing library available that includes articles, books, and some wonderful documentaries, many (if not most) available free of charge. I…
Notable Quotable
“If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is…
Notable Quotable
“Whoever claims that economic competition represents ‘survival of the fittest’ in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.” George Reisman
Notable Quotable
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” Thomas Sowell
Notable Quotable
“Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman’s tool…
Notable Quotable
“If the debt which the banking companies owe be a blessing to anybody, it is to themselves alone, who are realizing a solid interest of eight or ten per cent on it. As to the public, these companies have banished…