Acton Institute Powerblog Archives

Post Tagged 'bryan caplan'

Overcoming ‘Anti-Foreign Bias’ in Trade and Immigration

Many conservatives exhibit a peculiar tendency to be pro-liberty when it comes to business, trade, and wages, but protectionist when it comes to the economic effects of immigration. It’s an odd disconnect, and yet, as we’ve begun to see with figures like Donald Trump and Rick Santorum, one side is bound to eventually give way. Continue Reading...

How to Turn Corn into Cars

Imagine if a scientist was able to create technology that turns corn into cars. As economist Bryan Caplan explains, we already have such an innovation: foreign trade. Caplan argues that foreign trade is a form of technology that lowers our cost of living and increases our standard of living. Continue Reading...

Was Having Kids Ever a Paying Venture?

As any parent can attest, kids are expensive. They take up space (increasing the cost of housing), eat everything in your kitchen (increasing the grocery bill), never remember to turn off lights (increasing the cost of utilities), and find dozens of other ways to drain your banking account. Continue Reading...

Hurricanes Lead to Broken Windows—And Broken Window Fallacies

Hurricanes almost always leave two things in their aftermath: broken windows and articles advocating the broken window fallacy. As economist Don Boudreaux wrote earlier today, “Americans will soon be flooded by commentary that assures us that the silver lining around the destruction caused by hurricane Sandy is a stronger economy. Continue Reading...

Redistribution and the Sacred Right of Property

“Scandinavian economies are some of the most market-oriented on the planet” says economist Scott Sumner, who adds “Denmark is the most market-oriented country on earth.” This peculiar claim is even more curious considering that it is based on the Heritage Foundation’s 2012 Index of Economic Freedom. Continue Reading...