Today at 5:45 CT/6:45 ET, I’ll appear on the Lars Larson show to talk about today’s new unemployment numbers release, and what policies can strengthen the economy going forward.
For the short version, see this press statement from CEI, or a short article quoting me in Reason.
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Posted in Business Cycles, Economics, labor, Media Appearances
From page 86 of the Liberty Fund edition of Frederic Bastiat’s collected works, Economic Sophisms and “What Is Seen and What Is Not Seen”:
“What will we do in case of war,” [French] people say, “if we are subject to England’s discretion with regard to iron and coal?”
Monopolists in England, for their part, unfailingly proclaim:
“What would become of Great Britain in time of war if she were dependent on France for her food?”
We tend to disregard one fact, which is that this type of dependence resulting from trade and commercial transactions is mutual. We cannot be dependent on foreigners without them being dependent on us.
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Posted in Books, Economics, International, Trade
From page 14 of volume 3 of Frederic Bastiat’s collected works, Economic Sophisms and “What Is Seen and What Is Not Seen”:
But people will say: if foreigners swamp us with their products, they will carry off our money.
What does it matter? Men do not eat money; they do not clothe themselves with gold, nor heat themselves with silver. What does it matter if there is more or less money in the country, if there is more bread on the sideboard, more meat on the hook, more linen in the cupboards, and more wood in the woodshed?
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Posted in Books, Economics, Great Thinkers, Trade
Inertia Wins! 