Wine for the winos . . . Paul Krugman’s advice to the world is still party on! But Mises Institute’s Peter Klein reminds us that Keynesianism (still alive and well in our policy making and in our homes) needs to pack up the show and hit the road.

Economic disparity (4:56) . . . How does one country enjoy a high standard of living, when its neighbor lives in poverty? Matt Mitchell of George Mason University explains it through the 4 elements of economic freedom: free market entry, voluntary exchange, individual-level choices, and private property.

And it ain’t just $$$ (3:09) . . . Joshua Hall of Beloit college points out the benefits of economic freedom beyond income: consumption levels, life expectancy, better health, the well-being of the poor.