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Lawrence W. Reed

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Fallacies.jpg

Seven Fallacies of Economics →

April 1, 1981

I for one am convinced that good economics is more than possible. It is imperative, and achieving it begins with the knowledge of what bad economics is all about.

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← Toward Radical Monetary ReformWitch-Hunting for Robber Barons: The Standard Oil Story →

Recent “Best of Web”

Featured
Why Los Angeles is Burning
Jan 12, 2025
Why Los Angeles is Burning
Jan 12, 2025

The media will still blame climate change. This allows powerful Democrat politicians and bureaucrats to continue their money laundering scheme in California without accountability — Keely Covello.

Jan 12, 2025
Biden Awards Harris Presidential Medal of Participation
Jan 6, 2025
Biden Awards Harris Presidential Medal of Participation
Jan 6, 2025

Despite Harris failing to achieve any measurable success at any task she was given, the award demonstrated the fact that physically, she was often in the area — Babylon Bee.

Jan 6, 2025
A Murderer's Moronic Manifesto
Dec 24, 2024
A Murderer's Moronic Manifesto
Dec 24, 2024

Demolished, line by line.

Dec 24, 2024

Recent Quotes

Featured
Best-Selling Japanese Novelist Eiji Yoshikawa on Do-Gooders
Mar 20, 2023
Best-Selling Japanese Novelist Eiji Yoshikawa on Do-Gooders
Mar 20, 2023

“There’s nothing more frightening than a half-baked do-gooder who knows nothing of the world but takes it upon himself to tell the world what’s good for it — from his book, Musashi.

Mar 20, 2023
Sowell on Solutions
Mar 17, 2023
Sowell on Solutions
Mar 17, 2023

"Many of today's problems are a result of yesterday's solutions."

Mar 17, 2023
Reed on Capitalism vs Socialism
Mar 21, 2021
Reed on Capitalism vs Socialism
Mar 21, 2021

“Capitalism is what happens when you leave peaceful people alone. Socialism is what happens when you don’t. Capitalism is spontaneous, natural order. Socialism is just some bully’s orders.”

Mar 21, 2021

Recent Blogs

Featured
Montana and Missouri: The Fur Connection
Jan 20, 2025
Montana and Missouri: The Fur Connection
Jan 20, 2025

Historian K. Ross Toole: “Before the emigrant’s wagon ever rolled a mile, before the miner found his first color, before the government authorized a single road or trail, this inhospitable land had been traversed and mapped” by folks in the fur business.

Jan 20, 2025
Longest Inaugural, Shortest Presidency
Jan 20, 2025
Longest Inaugural, Shortest Presidency
Jan 20, 2025

On this Inauguration Day, it’s worth noting that the man who delivered the longest inaugural address in American history also presided over the shortest presidency. If there’s any lesson there, it might be this: keep it short and sweet.

Jan 20, 2025
DOGE and DODGE
Jan 10, 2025
DOGE and DODGE
Jan 10, 2025

If DOGE can accomplish what Dodge accomplished, we too may experience a new American economic miracle. The difference a Detroit banker made in three countries—Germany, Japan and the U.S.

Jan 10, 2025