Wednesday , January 22 2020
Home / Tag Archives: Truth-seeking & ideology

Tag Archives: Truth-seeking & ideology

Bonus Quotation of the Day…

… is from page 309 of Thomas Sowell’s magnificent 1980 book, Knowledge and Decisions: An ideology may be viewed as a knowledge-economizing device, for it explains complex empirical data with a few simple and familiar variables. It is hardly surprising that ideological explanations should have a special appeal to those with higher costs of alternative knowledge – the inexperienced (“youth”) and the previously politically apathetic (“masses”). Comments

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Katherine Timpf rightly tears into Lindsey Graham for criticizing Rand Paul and Mike Lee for their refusal to defer, as the mindlessly hawkish Graham defers, to Trump on matters of war-making. A slice: It really is a shame, because Paul was also right about something else: There is a patriotic case for limiting the president’s war powers. In fact, to me, it’s quite clearly the patriotic case. There is, after all, a reason why the Founders gave Congress the sole power to declare war in...

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George Will exposes the shallowness, economic ignorance, and pretensions of market-skeptic Republicans such as the U.S. senator from Missouri Josh Hawley. A slice: William F. Buckley once described a friendly intellectual adversary as a pyromaniac in a field of straw men. Through the smoke of burning straw one can see in Hawley’s social diagnosis the belief, held by many progressives and an increasing number of conservatives, that individualism, as expressed in and enabled by capitalism,...

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Richard Ebeling expresses his objections to Tyler Cowen’s “state-capacity libertarianism.” A slice: Why do so many people accept the notion that imposing and raising legal minimum wages are good for people at the lower income levels? Do they have some inexplicable “propensity” to demand higher wages for others through government mandate as their own economic circumstances improve? I think the more reasonable explanation is a failure to understand and appreciate all the implications of...

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Jeffrey Tucker remembers when the New York Times wasn’t as economically illiterate about labor markets as it is today. A slice: The notion that the minimum wage causes social improvement without cost is just as absurd as the idea that the price of eggs can be doubled by law and this will have no effect on sales – only more profits to egg producers. It’s contrary to every economic sense, and describing its effects is no different from describing the effects of gravity on rocks dropped...

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Nick Gillespie responds to Tyler Cowen’s call for us libertarians to up our game. Phil Magness compiles a helpful bibliography of criticisms of the New York Times‘s criticism-worthy “1619 Project.” Also on the “1619 Project” is The New Criterion. Matt Welch wisely warns of the threat to individualism signaled by some conservatives’ new effort for government to take action against pornography. Here’s Sarah Skwire on The Politician. Barry Brownstein explains how cognitive bias is helping...

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My intrepid Mercatus Center colleague Veronique de Rugy continues to be appalled by Congress’s irresponsibility. Bryan Caplan learned a lot from Kristian Niemietz’s Socialism: The Failed Idea That Never Dies. Matt Ridley rightly decries the EU’s innovation-stifling bureaucratic risk-aversion. David Henderson supports free trade for reasons economic, ethical, and national security. A slice: In the 18th century, the national security reason for allowing free trade was articulated...

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Quotation of the Day…

… is from page 210 of Deirdre McCloskey’s 2019 book, Why Liberalism Works: How True Liberal Values Produce a Freer, More Equal, Prosperous World for All (footnote deleted): The left explains the inability of workers themselves to grasp the hard-left dogma that all employment is exploitation by saying that the workers are in the grip of false consciousness. If the Bourgeois Deal is sound, though, the falsity of consciousness is attributable not to the sadly misled workers but rather to...

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Quotation of the Day…

… is from page 175 of Geoffrey Brennan’s and Loren Lomasky’s profoundly important 1993 book, Democracy & Decision: The Pure Theory of Electoral Preference: [B]ecause voting is virtually cost free, it is likely to prove conducive to extremes of expression, both altruistic and malicious and that at least under prevailing conditions of secrecy, the malicious extreme might be differentially encouraged. DBx: Indeed so. Here’s what Brennan and Lomasky mean by voting being “virtually cost...

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Joakim Book identifies a key flaw in notions held by far too many self-styled “environmentalists”: a persistent refusal to look beyond the most immediate and visible consequences. A slice: What angers most people about climate activists is not their goals, but their elaborate system of doublethink, their profound cognitive dissonance, and the truly fascinating ability to rationalize their own behavior; they ignore their own seriously harmful actions while praising themselves for the...

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