Search Results for : Gary Galles


Politicians Seek Short-Term Advantages by Lecturing Capitalists about the Long Term

By Gary Galles Mises.org August 5, 2015   Politicians Seek Short-Term Advantages by Lecturing Capitalists about the Long Term Hillary Clinton’s latest campaign salvo attacked “quarterly capitalism,” the supposedly irresponsible corporate focus on short-term results at the expense of long-term growth. She promised government fixes. Short-Termism, Share Prices, and Incentives Is there too much short-termism […]


The Intellectual Intolerance Behind “Check Your Privilege”

By Gary Galles Mises.org July 20, 2015   The Intellectual Intolerance Behind “Check Your Privilege”   A decade ago, no one had ever been told to “check your privilege.” Now it commands an appreciable “market share” in academia and social justice rhetoric. But it does so despite sharply opposed interpretations of its meaning. In fact, […]


Extorting Low-Income Individuals to Help “the Poor”

By Gary Galles Mises.org May 12, 2015   Extorting Low-Income Individuals to Help “the Poor”   Many policies are supposedly justified because they would “take from the rich and give to the poor.” While that fits with the view that theft “for a good purpose” makes one a philanthropist, from the perspective of self-ownership, it […]


taxes

Did You Pay Your “Fair Share” on Tax Day?

By Gary Galles Mises.org April 26, 2015   Did You Pay Your “Fair Share” on Tax Day?   In recent years, claims that “the rich” don’t pay their “fair share” of taxes have been repeated countless times. But that excuse to tax them more to line others’ pockets is blown away whenever the highly disproportionate […]


Self-Interest Is Not Selfishness

By Gary Galles Mises.org April 15, 2015   Self-Interest Is Not Selfishness   Market relationships are constantly criticized as selfish or greedy, with rewards to selfishness rendering them ethically damaging. As Friedrich Hayek put it, “the belief that individualism approves and encourages human selfishness is one of the main reasons why so many people dislike […]


shipping

Little-Known Laws That Cripple American Trade

By Gary Galles Mises.org March 3, 2015   Little-Known Laws That Cripple American Trade   The harm that Britain’s protectionist Navigation Acts imposed on the colonies was a major impetus for the American Revolution. But the United States did not abandon those unjustifiable restrictions. Even before the Bill of Rights was adopted, Congress in 1789 […]


How Economic Aggregation Hides the Problems of Interventionism

By Gary Galles Mises.org February 8, 2015   How Economic Aggregation Hides the Problems of Interventionism   I was going through the textbook for my economics principles course recently, thinking about how I could better reconcile the fact that since only individuals choose, the logic of economics is about individual choices facing the fact of […]


The “Dog-Eat-Dog” Delusion

By Gary Galles Mises.org   The “Dog-Eat-Dog” Delusion   When people want to add extra “oomph” to negative depictions of self-owners acting without coercion — that is, market competition under capitalism — they turn to name-calling. One of the most effective forms is describing such competition as dog-eat-dog. When that characterization is accepted, the mountain […]


Obamacare’s Jonathan Gruber and the Superhero Oath

By Gary Galles Mises.org   Obamacare’s Jonathan Gruber and the Superhero Oath   Economic analysis is a powerful tool. But while powerful, it is also amoral; not inherently moral or immoral. Whatever you want to accomplish, applying accurate economic analysis to the issues can help you do it better. If the purpose is good, you […]

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assume the unseen

Don’t Assume What Is “Unseen” Doesn’t Exist

Source: https://mises.org By Gary Galles Don’t Assume What Is “Unseen” Doesn’t Exist   The use of the ceteris paribus, or “other things equal” assumption is an essential aspect of economic education. It is an important caveat that helps make sense of a complicated world by clarifying the incentive stories that comprise the core of economics. […]


The Civics Lessons They Never Teach Anymore

By Gary M. Galles Foundation for Economic Education February 3, 2017   The Civics Lessons They Never Teach Anymore     Following Neil Gorsuch’s nomination to the Supreme Court, my morning commute was wall-to-wall with it, including plenty of weasel words (e.g., Senator Schumer’s fixation on tarring him as “outside the mainstream”) and heat (e.g., […]

The Civics Lessons They Never Teach Anymore

There is a form of democracy that far better satisfies the criteria to be an ideal – free market capitalism, which represents democratic self-government.

Markets, Not Elections, Are Where Your Choices Truly Matter

By Gary M. Galles Foundation for Economic Education August 30, 2016   Markets, Not Elections, Are Where Your Choices Truly Matter     As November’s election nears, democracy is increasingly invoked as an ideal. Anyone ahead in any poll touts it as evidence they are on “the right side of history” because they better reflect […]