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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization
Political Meddling with Central Banks Is a Terrible Idea—and the Fed Is No Exception
Placing monetary policy into the hands of an independent central banker, who bases decisions on evidence and data instead of populist ideals, leads to lower inflation and greater economic stability – key ingredients of a strong economy. And as I know from research I’ve done with a variety of colleagues, political meddling comes with a hefty price tag. While it is incredibly hard to build a sound central bank that is trusted by investors and citizens, it is even harder to do so after its credibility has been corroded. Put bluntly: Political meddling with central banks is an incredibly bad and dangerous idea.
Capitalism, You May Not Be Good at Capitalism, but Capitalism Is Good for You
Napoleon and George Washington would be very jealous of your ability to instantaneously text people thousands of miles away.
Milton Friedman’s Introduction to "The Road to Serfdom" Reveals How Much America Has Changed
The battle for freedom must be won over and over again. "While the talk is about free markets and private property…the bulk of the intellectual community almost automatically favors any expansion of government power so long as it is advertised as a way to protect individuals from big bad corporations, relieve poverty, protect the environment, or promote 'equality'… The intellectuals may have learned the words but they do not yet have the tune. It is only a little overstated to say that we preach individualism and competitive capitalism, and practice socialism."
Political Meddling with Central Banks Is a Terrible Idea—and the Fed Is No Exception
Placing monetary policy into the hands of an independent central banker, who bases decisions on evidence and data instead of populist ideals, leads to lower inflation and greater economic stability – key ingredients of a strong economy. And as I know from research I’ve done with a variety of colleagues, political meddling comes with a hefty price tag. While it is incredibly hard to build a sound central bank that is trusted by investors and citizens, it is even harder to do so after its credibility has been corroded. Put bluntly: Political meddling with central banks is an incredibly bad and dangerous idea.
Capitalism, You May Not Be Good at Capitalism, but Capitalism Is Good for You
Napoleon and George Washington would be very jealous of your ability to instantaneously text people thousands of miles away.
Milton Friedman’s Introduction to "The Road to Serfdom" Reveals How Much America Has Changed
The battle for freedom must be won over and over again. "While the talk is about free markets and private property…the bulk of the intellectual community almost automatically favors any expansion of government power so long as it is advertised as a way to protect individuals from big bad corporations, relieve poverty, protect the environment, or promote 'equality'… The intellectuals may have learned the words but they do not yet have the tune. It is only a little overstated to say that we preach individualism and competitive capitalism, and practice socialism."
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from Intellectual Takeout
Nonprofit Organization in Bloomington, Minnesota
At what point does collective ignorance parade as truth? Has there ever been a time in the world’s history when people were more sure of their opinions?” asks Jim Ferrell of the Arbinger Insitute. Ferrell observes, “We become set in our opinions precisely because we have lost sight of the fact that they are merely opinions…our culture is suffering from what one might call ‘opinion creep’—the elevation of unsupported thoughts to the status of opinions and opinions to convictions.” We don’t know how to have civil disagreements anymore. We fail to recognize that having a thought doesn’t make our thinking the truth. Ferrell writes, “We tend to have convictions about many things and to have opinions about almost everything else. We blind ourselves to the enormity of our ignorance.” Cognitive scientists Steven Sloman and Phillip Fernbach in their book The Knowledge Illusion, put it this way: “In general we don’t appreciate how little we know; the tiniest bit of knowledge makes us feel like experts. Once we feel like an expert we start talking like an expert.” Yale University researchers conducted a series of nine experiments. The findings suggest internet access makes human think they are smarter than they actually are. “After using Google to retrieve answers to questions,” the researchers found “people seem to believe they came up with these answers on their own.”
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from The Spokesman-Review
Newspaper in Spokane, Washington
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