Donald J. Boudreaux
On the Mercantilist and Monarchial Origins of the Concept of the ‘Balance of Trade’
“Unlike a profit-seeking company, an economy doesn’t exist to maximize the amount of money it brings in, net of its costs, on sales of its outputs.” ~Donald J. Boudreaux
Votes For and Votes Against
“If we think of votes as ‘votes for’ candidates, then it would make some sense to declare any candidate who wins only a plurality of votes, but not a majority, as the victor.” ~ Donald J. Boudreaux
Cleaned by Capitalism and Soiled by Socialism
“There’s no question that the environment in which modern humans live is immeasurably cleaner, safer, and more pleasant than was the filthy and dangerous environment in which all of our pre-industrial ancestors lived.” ~ Donald J. Boudreaux
Continuing to Get Straight the Facts About the American Economy
“Despite governments at the local, state, and federal levels all obstructing, in various ways, the process of entrepreneurial wealth creation, the robustness of the American economy continues to impress.”
The Myth of American Inequality and Stagnation
“The familiar trope of the rich getting richer, the poor getting poorer, and the middle classes treading water is disproved by devastatingly large amounts of empirical evidence.” ~ Donald J. Boudreaux
Hail to the Chief, President 6PRKr4!
“Assign to each candidate for high office a new, sterile name – something that reads like an abbreviated VIN for an automobile. For example: 6PRKr4. In fact, call it a PIN – ‘Politician Identification Number.'” ~ Donald J. Boudreaux
What’s Called “Common Good Capitalism” Would Work Against the Common Good
“Because innovation is destined not only to reveal new ends that must be fitted into — and, hence, disrupt — the ‘common good capitalist’ plan, but also to create new and unanticipated means of pursuing ends, innovation must be suppressed if any ‘common good capitalist’ plan is to be seriously imposed.” ~ Donald J. Boudreaux
Some Factual and Economic Errors of “Common Good Capitalism”
“Arguments for ‘common good capitalism’ are chock-a-block both with factual errors and faulty economic reasoning of a sort not found in arguments for true capitalism.” ~ Donald J. Boudreaux
Industrial Policy Does Indeed Fall Victim to the Knowledge Problem
“Prices, asset values, and profits and losses determined in open markets in which people spend and invest their own (and only their own) money are the only sources of information in a modern economy about which resource uses are worthwhile and which resource uses aren’t worthwhile.” ~ Donald J. Boudreaux
An Open Letter to British Prime Minister Rishi Sunak
“We can hope that, should Parliament today agree to a unilateral lowering of Britain’s trade barriers, other governments would today, as other governments did in the mid-19th century, respond by unilaterally lowering theirs.” ~ Donald J. Boudreaux
