Donald J. Boudreaux

Liberalism’s Greatest Gift

“Insofar as humanity embraces this liberal commitment to epistemic unpretentiousness, humanity is protected against the fevers and passions of persons who are enflamed by their sense of certainty.” ~ Donald J. Boudreaux

Does Wealth Ooze?

“The world that I hypothesize is believed by today’s well-meaning proponents of racist policies is wholly fictional. Wealth does not ooze automatically and ineluctably from some mysterious wealth-producing engine.” ~ Donald J. Boudreaux

Government Is Largely Guesswork

“Unlike actions taken in markets, even the best government actions carried out in the most appropriate circumstances are guided by little more than guesswork.” ~ Donald J. Boudreaux

On Some of the More Difficult Questions About Trade Policy, Continued.

“Reality is messy. It seldom presents to us ‘solutions.’ Much more often we are confronted only with trade-offs. Principled and informed defenders of a policy of free trade accept this fact. I wish that more defenders of protectionism did likewise.” ~ Donald J. Boudreaux

LOL!

“Among the full set of arguments offered for government intervention into the economy, those that are serious and credible are the exception rather than the rule. Most arguments for intervention are simply not credible, with more than a few being downright silly.” ~ Donald J. Boudreaux

The Myopia of Antitrust

“Intellectuals and officials arrogantly suppose that any contractual term or organizational arrangement that they cannot immediately understand as serving competition must therefore be devious exercises of monopoly power or attempts to secure such power.” ~ Donald J. Boudreaux

Some Pictures Are Indeed Worth a Thousand Words

“No data or sets of graphs, regardless of how carefully constructed and intelligently interpreted, can convey a complete picture of an economy. Yet, such data can convey important information, which is often the opposite of popular narratives about the economy, generally, and about trade in particular.” ~ Donald J. Boudreaux