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Lawrence W. Reed
Lawrence W. Reed – makroekonomista. Od 2008 jest prezydentem Foundation for Economic Education. W latach 80. zorganizował grupę sponsorów, którzy sfinansowali wydanie w II obiegu książek Miltona Friedmana w Polsce. Został za to aresztowany przez służby kontroli granicznej. W 1998 r. opublikował „Great Myths of the Great Depression” Opinie autora blogu nie powinny być utożsamiane z oficjalnym stanowiskiem NBP w omawianych kwestiach.
Artykuły
Missing Samuel Tilden
If you’re under 50 you probably don’t remember when telephone “numbers” weren’t all numbers. From the 1920s until the mid-1960s most phone “numbers” began with two letters corresponding to certain digits on a common telephone dial. KL7-1234, for example, was read as “Klondike 7-1234.”
My family’s number was TI3-8597. The letters were meant to honor a [...]
Competition a forgotten remedy for monopoly
“Gym Now Stresses Cooperation, Not Competition,” blared a headline in the New York Times a decade ago. The story was about an elementary school where “confrontational” games, team sports, and elimination rounds were changed or scrapped so that differences between students’ athletic abilities would be minimized.
Perhaps this is fine for grade-school gym class, but it would [...]
What happened to the competition?
“Gym Now Stresses Cooperation, Not Competition,” blared a headline in the New York Times a decade ago. The story was about an elementary school where “confrontational” games, team sports, and elimination rounds were changed or scrapped so that differences between students’ athletic abilities would be minimized.
Perhaps this is fine for grade-school gym class, but it would [...]
Gasoline demagogues offensive
Here we go again.
In late February gasoline prices across America were surpassing $3 a gallon. Forecasters are advising us to expect $4 by summer, maybe higher. So be prepared for something else with it all: the broken-record rhetoric of anti-market types about “gouging.” It’ll be coming from a lot of the same people who block [...]
When politicians understood balanced budget’s value
Owing to where most Americans trace their ancestry from, we tend to know more European history than the history of our immediate neighbors to the north and south, Canada and Mexico. We can name famous entrepreneurs and political leaders from across the sea but rarely one from right next door.
Last May in a casual dinner [...]
Good Economists, Bad Economists And Supermarkets
Good economists are seldom popular with the political class. This is not unique to democratic systems; dictators like good economists even less.
Why?
As a rule, politics doesn’t educate. It obfuscates, pontificates, and prevaricates. It often seeks to advance the interests of the few at the expense of the many. It is a playground for the shortsighted [...]
1932 & You get what you voted against
Harry Truman once said, “The only thing new in the world is the history you don’t know.” That observation applies especially well to what tens of millions of Americans have been taught about Franklin Delano Roosevelt, the man under whom Truman served as vice president for about a month. Recent scholarship [...]
Rome
It’s been nearly a decade since film director Ridley Scott’s Oscar-winning epic, “Gladiator” appeared in theatres to considerable acclaim in Europe and the U.S. The movie is partly fictional, but the part that rings true should serve as a reminder of some important lessons from one of history’s greatest civilizations. Modern-day Greece, with its massive, [...]
Greece echoes Rome
It’s been nearly a decade since film director Ridley Scott’s Oscar-winning epic, “Gladiator” appeared in theatres to considerable acclaim in Europe and the U.S. The movie is partly fictional, but the part that rings true should serve as a reminder of some important lessons from one of history’s greatest civilizations. Modern-day Greece, with its massive, [...]
Competition, Monopoly and Regulation
How does one respond to the idea that government needs to regulate monopolies? More specifically, in a free, capitalist economy, is there any time when government would intervene “for the consumer’s good”?
Unfortunately the free market has been tarred with a bad reputation as a facilitator of centralized power [...]
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