Famous Economists
Made the Case that Freedom Allows for Innovation (lightbulb guy)
Written by the previous president of FEE.
Who is Lawrence W. Reed?
The thesis of the book.
What is: "The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups."
Title of his autobiography.
What is "Mover of Men and Mountains"?
Who is John Maynard Keynes?
Opposed equalizing wealth and income
Who is Ludwig von Mises?
"_______ makes all the difference in the world."
A fallacy of looking only at the impact on the glazier.
What is the Broken Window Fallacy?
"Man is worth what man produces and when __________ increase his production he is worth more."
What is "machines"?
Wrote "Wealth of Nations"
Who is Adam Smith?
She said capitalism is the only moral economic system.
Who is Ayn Rand?
"...no people who lost their character kept their _______."
What is "liberties"?
Public works mean ____.
What is "taxes" ?
Kaiser taught him - "You will never _____ unless you blame yourself for the troubles you have."
What is "improve"?
Developed the Broken Window theory and wrote "The Law"
Who is Frederic Bastiat?
Simplified economics into "One Lesson."
Who is Henry Hazlitt?
'... liberty is built upon the ability of a society to ______ itself, without government intervention."
What is "govern"?
Taxes and credit discourage ________.
What is "production"?
Pop Cook said, "the R.G. stands for______"
What is "Rube Goldberg"?
Monetary Policy refers to ______
What is manipulating the money supply?
Who is Leonard E. Read?
"Without character, a ______ society is not just unlikely, it's impossible."
What is "free"?
Prices are determined by____________.
"It was our forefathers _____ ___ ____ that made our country great."
What is "faith in God"?
Fiscal Policy refers to ____________.
What is "Government taxing and spending".