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  • Economic Myths and Government Stimulus

    Economic Myths and Government Stimulus0

    • September 7, 2017

    by Paul Prentice As the human tragedy and economic damage from Hurricane Harvey continue to mount, it won’t be long until several tired old economic myths are trotted out. First among these is what Frederic Bastiat called the “Broken Window Fallacy”. Accountants-disguised-as-economists will point to the so-called economic stimulus from the rebuilding efforts. But the

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  • Liberals should acknowledge the science: Not all data is equal

    Liberals should acknowledge the science: Not all data is equal0

    • June 15, 2017

    The political left is very vocal in their criticism of science deniers. After all, the denial of reality ultimately harms humanity. Unfortunately, the left has a similar blind spot when it comes to regulation. Economic fundamentals also have a claim on reality, a claim we ignore at our peril.

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  • Paul Krugman’s space aliens won’t create jobs, repealing health control law will0

    • September 12, 2011

    Printed in the Boulder Daily Camera, summary: Nobel laureate economist Paul Krugman says a massive defense buildup in response to “fake an alien threat” would end the economic slump. An EconStories rap explains the fallacy: “If every worker was staffed in the army and fleet, we’d have full employment and nothing to eat.” Repealing the 2010 health control act would spur employment. Continue reading

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  • Medicare head Donald Berwick: You’re a pawn0

    • July 22, 2010

    In the American Spectator David Catron points out a disturbing quote from Medicare & Medicaid Services head Donald Berwick is.
    Berwick’s view of rationing is, in fact, the opposite of [Paul]  Ryan’s. The latter believes it should be driven by the informed decisions of consumers in a free market, while […]

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  • Politicians Fail the Simple Economics of Prosperity0

    • March 3, 2010

    Isn’t economics the “dismal science”; that thing you had to suffer through in college with graphs and equations, none of which seemed to make sense? Economics is actually very simple. Human beings, by their nature, must be free to take action to achieve their goals. We don’t have fur, claws and instincts like lower animals.

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  • People Want to Believe in Government0

    • March 30, 2009

    Why Are bad ideas so universally popular?

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