Quotation
Bonus Quotation of the Day… – Beragampengetahuan
by Don Boudreaux on May 2, 2024 Tweet … is from page 102 of the 5th edition (2020) of Douglas Irwin’s superb book Free Trade Under Fire (footnote deleted; link added): When the Trump administration decided in 2018 to impose a 25 percent tariff on all imported steel, the same employment tradeoffs emerged…. The steel […]
Bonus Quotation of the Day… – Beragampengetahuan
by Don Boudreaux on March 29, 2024 Tweet … is from page 60 of the 5th edition (2020) of Douglas Irwin’s excellent book Free Trade Under Fire (footnote deleted): Tariffs and other trade barriers that raise the cost of capital goods mean that each investment dollar buys less capital. This reduces the efficiency of investment […]
Quotation of the Day… – beragampengetahuan – Beragampengetahuan
by Don Boudreaux on February 15, 2024 Tweet … is from page 472 of Robert Higgs’s Winter 2013 Independent Review essay “Truth and Freedom in Economic Analysis and Economic Policy Making“: Too few of us understand, however, that the free market itself is a grand generator of truth, and that, in general, government intrusion of […]
Quotation of the Day… – beragampengetahuan – Beragampengetahuan
by Don Boudreaux on February 4, 2024 Tweet … is from page 104 of the 1972 second edition of Henry Hazlitt’s profound – yet regrettably overlooked – 1964 book, The Foundations of Morality (original emphasis): It is a confusion of thought to think that ethics consists of the rules that “society” imposes on the “individual.” […]
Quotation of the Day… – beragampengetahuan – Beragampengetahuan
by Don Boudreaux on January 23, 2024 Tweet … is from page 314 of Thomas Sowell’s 2002 collection, Controversial Essays: The kinds of people we need in government are precisely the kinds of people who are most reluctant to go into government – people who understand the inherent dangers of power and feel a distaste […]
Quotation of the Day… – beragampengetahuan – Beragampengetahuan
by Don Boudreaux on January 11, 2024 Tweet … is from page 7 of the original edition of the late Wesleyan University economic historian Stanley Lebergott’s 1964 volume, Manpower in Economic Growth (footnote deleted; link added): In a new country, with so varied a mixture of migrants that the technological or guild tradition of no […]
Bonus Quotation of the Day… – Beragampengetahuan
by Don Boudreaux on December 29, 2023 Tweet … is from page 40 of the late Harvard and AEI economist Gottfried Haberler’s 1974 book, Economic Growth & Stability: An Analysis of Economic Change and Policies: In a dynamic, growing economy, where new methods of production and new products are continuously introduced by innovating entrepreneurs, “frictional” […]
Bonus Quotation of the Day… – Beragampengetahuan
by Don Boudreaux on December 5, 2023 Tweet … is from page 82 of David Schmidtz’s excellent 2023 book, Living Together: Political ideals are not points of convergence. The liberal political ideal is not that we embrace the same religion but that we don’t need to. The liberal ideal is everyone choosing for themselves. Actual […]
Bonus Quotation of the Day… – Beragampengetahuan
by Don Boudreaux on November 10, 2023 Tweet … is from page 81 of Geoffrey Brennan’s and James Buchanan’s December 1981 International Review of Law and Economics paper “The Normative Purpose of Economic ‘Science’,” as this paper is reprinted in Vol. 12 – Economic Inquiry and Its Logic (2000) – of The Collected Works of James M. […]
Bonus Quotation of the Day… – Beragampengetahuan
by Don Boudreaux on October 16, 2023 Tweet … is from pages 110-111 of the 2007 Definitive Edition (Bruce Caldwell, ed.) of F.A. Hayek’s classic 1944 book, The Road to Serfdom; specifically, it’s from chapter 5, which is titled “Planning and Democracy”: The fashionable concentration on democracy as the main value threatened [by government-directed resource […]