Donald J. Boudreaux

“High wages are a result of – and a reflection of – high productivity. And so contrary to widespread fears of many protectionists, high-productivity workers have nothing to fear from competition with low-productivity workers.” ~ Donald J. Boudreaux

“The fact that we produce more Z doesn’t imply that we thereby can afford to acquire and use more Z. This reality is inescapable whether ‘Z’ stands for potato chips or for microchips.” ~ Donald J. Boudreaux

“Do today’s skeptics of free markets – whether these skeptics be full-on socialists or advocates of ‘mere’ industrial policy – have any accurate knowledge of economic history, of economics, or of human nature?” ~ Donald J. Boudreaux

“Peaceful expression and the exchange of ideas are now regarded by many elites as sources of potentially dangerous ‘externalities.’ This ominous development during COVID surely was encouraged by the rise of public-health paternalists.” ~ Donald J. Boudreaux

“With such bizarre beliefs being so widespread, it’s no wonder that millions of Americans can listen to the likes of Joe Biden and think ‘Yeah! Our national government is in the hands of a competent CEO!’” ~ Donald J. Boudreaux

“We are indeed smart and reasonable, but typically only when we each personally experience, in unambiguous ways, a significant portion of the material costs and benefits of each of our choices.” ~ Donald J. Boudreaux

“In an open market economy, the stock of resources will never be fixed. The size and contents of that stock will change over time and that change is appropriately reckoned to be a result of the economic system.” ~ Donald J. Boudreaux

“While Alex is correct to note that cross-border trade doesn’t ensure against belligerence, it almost certainly does make such belligerence more costly and, hence, less likely. We abandon such trade at our peril.” ~ Donald J. Boudreaux

“Vaccination against Covid is insisted upon with the same fervor that religious zealots exhibited centuries ago when insisting upon the truths of their particular dogmas. Sensible people are naturally suspicious of such dogmatism and will resist becoming its victims.” ~ Donald J. Boudreaux

“Competition both contributes to, and relies upon, the modern economy’s enormous and largely unseen complexity. The modern economy can well be described as ever-increasing complexity in the service of ever-more simplicity.” ~ Donald J. Boudreaux