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The Only ‘Antitrust’ Policy That’s Needed Is Freedom Of Entry

The Only ‘Antitrust’ Policy That’s Needed Is Freedom Of Entry

by Donald J. Boudreaux Nearly 50 years ago, the late Nobel-laureate economist Ronald Coase observed that “if an economist finds something – a business practice of one sort or other – that he does not understand, he looks for a monopoly explanation.” What Coase meant by this sardonic observation is that the typical economist presumes that if […]

Trump, Covid, And Despotism

Trump, Covid, And Despotism

by Donald J. Boudreaux I continue to be at a loss to explain the support of so many people for – and the silence of so many other people in the face of – Covidocratic tyranny. When at a loss to explain, one naturally experiments with possibilities. Here’s one possibility for the U.S. experience: Some of […]

A Current Burden Of Deficit Financing

A Current Burden Of Deficit Financing

by Donald J. Boudreaux My late Nobel-laureate colleague James Buchanan made many important contributions. Among the most significant is his proof, first offered in 1958, that Adam Smith and other classical economists were correct to argue that government projects that are funded with debt are ultimately paid for by the future citizens whose taxes must be raised (or whose […]

The Inevitable Failure Of Socialism

The Inevitable Failure Of Socialism

by Donald J. Boudreaux Among the most important articles ever written in economics is Ludwig von Mises’s 1920 paper “Die Wirtschaftsrechnung im sozialistischen Gemeinwesen” – which is normally translated as “Economic Calculation in the Socialist Commonwealth.” In this paper Mises argued that socialism will not only fail to achieve improved living standards for ordinary people, it […]

Teaching Introductory Economics

Teaching Introductory Economics

In just over a week I’ll meet the 283 students in my Fall 2021 ECON 103 – “Principles of Microeconomics” – course. And barring any last-minute change, I’ll meet them in person rather than over Zoom. These students are mostly 18-year-old freshmen. While a petite handful of them will have taken a decent economics course […]

“Externality” Is No Good Excuse for Mandatory Vaccination

“Externality” Is No Good Excuse for Mandatory Vaccination

By Donald J. Boudreaux I am not, and never have been, an anti-vaxxer. When my one child, Thomas, was young neither his mother nor I hesitated to have him receive the full range of childhood vaccines – just as my own parents didn’t hesitate to have me, in the 1960s, receive the full range of […]

Government ‘Discrimination’ and the Age Profile of Covid-19 Fatalities

Government ‘Discrimination’ and the Age Profile of Covid-19 Fatalities

  Donald J. Boudreaux  The ongoing debate over Covid-19 policies spawns many surprises. Among those that cause me to scratch my head most thoroughly is the claim that, for policymaking purposes, the steep age profile of Covid-19 fatalities ought to be ignored. The age profile of these fatalities is indeed steep. According to the CDC, as […]