Donald J. Boudreaux

Beware of the Ceiling

“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux

Unseen Innovation

“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux

Capitalism Is Impersonal, Not Soulless

“Because in today’s global economy the people with whom we interact economically number literally in the billions, the percentage of these persons with whom we also interact personally is near zero.” ~Donald J. Boudreaux

On Exceptions to the Rule of a Policy of Free Trade

“Justification of a policy of free trade does not rest on the claim that free trade in each and every case yields ‘optimal’ results, or a stream of results as excellent as those that would be achieved by protectionist policies.” ~Donald J. Boudreaux

Defending Globalization

“Only because people are eager to trade with people in different countries do governments feel the need to suppress this trade…Persons who erect these restraints understand that what they impose is not globalization – that would arise naturally – but economic nationalism.” ~Donald J. Boudreaux

What Might Have Been

“Wasteful uses of resources necessarily result in some economic opportunities that are possible being rendered impossible. What were these foregone opportunities?” ~Donald J. Boudreaux