Economic misconceptions persist due to misguided intuitions that overlook complex factors, a preference for principles over outcomes, the influence of epistemic bubbles, and political tribalism.
“Traditional supermarkets have been losing a great deal of market share to those excluded from that definition.” ~Gary Galles
“Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say.” ~William J. Luther
“Price indexing will remove about 80 percent of the unfunded liability gap over the next 75 years, if instituted in 2029.” ~David Rose
“Many lawmakers in DC make resolutions to be more fiscally responsible, but much like our New Year’s resolutions, they rarely follow through.” ~Thomas Savidge
“Individuals who we don’t know and who don’t know us seek to gain our trust so that they can then gain open-ended access to our wealth.” ~Don Boudreaux
“Once ‘locked in,’ a comparatively low mortgage rate functions as an emotional and economic anchor.” ~Laura Williams
“Not only is forced democratization likely to fail, but the very idea runs counter to a free, open, democratic society. Other countries should be encouraged to become democratic if they choose.” ~Andrew Byer
“Dollars allocated for gender reassignment surgeries cannot be spent on food stamps, border security, or anything else.” ~Jon Miltimore
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