Daily Economy
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Nike Takes Its Eye Off the Ball
“Nike wanted to make an impact in the community, venturing beyond selling shoes and sports apparel. The results include a current 2-percent reduction in labor force.” ~Stefan Bartl
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Europe’s Protectionist Arms Race
“If it wants to, in the short term, the state can ensure that any one good is produced at a greater quantity than it could be in the free market. But that particular increase always comes at the cost of an overall reduction in wealth.” ~James Eiler
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10 Ways to Close the Tax Evasion Gap
“It is possible to reduce tax evasion without sending armed IRS agents to kick in doors or confiscate assets. The ten reasons given above provide some guidance to creating a tax system most people would voluntarily support.” ~Robert W. McGee
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French Exports to Avoid: Wealth Taxes
“Wealth taxes tend to yield low revenue, while dragging down economic growth. But they do make for good politics, especially in election years; envy commands votes.” ~Nikolai Wenzel
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Free Kids from Their Cells
“To keep our kids from harm, we have exposed them to brain-altering habits, online predators, and addictive pastimes that don’t just have the risk, but the near certainty, of making those now children turn out to be anxious and dysfunctional adults.” ~Michael Munger
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Should the Fed Get Credit for Lower Inflation?
“Labor market developments cannot explain the decline in nominal spending growth. Tighter monetary policy can… Given the lags of monetary policy, the Fed may have already undershot its target.” ~William J. Luther
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$35 Trillion — and Counting
“Interest payments on the debt alone surpass the budgets of many major federal agencies combined. At this point, federal debt service costs amount to approximately $900 billion, which is 17 percent of total federal spending.” ~Peter C. Earle
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Ruminations on Income Inequality
“Many of today’s low-income workers will be tomorrow’s middle-income workers; and many of these workers will be among the country’s highest-income earners sometime in the future.” ~Donald J. Boudreaux
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Hurricanes and Other Evil Winds
“Extreme headlines fit a generally understood narrative and are far more likely to be absorbed by the public. This selective attention pushes a bias toward extremism in climate reporting that significantly inflames the political climate.” ~Paul Schwennesen
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Labor Isn’t Value
“The labor theory of value is wrong. Just because you worked hard at something doesn’t mean you have produced anything worthwhile.” ~Art Carden
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•
Nike Takes Its Eye Off the Ball
“Nike wanted to make an impact in the community, venturing beyond selling shoes and sports apparel. The results include a current 2-percent reduction in labor force.” ~Stefan Bartl
-
•
Europe’s Protectionist Arms Race
“If it wants to, in the short term, the state can ensure that any one good is produced at a greater quantity than it could be in the free market. But that particular increase always comes at the cost of an overall reduction in wealth.” ~James Eiler
-
•
10 Ways to Close the Tax Evasion Gap
“It is possible to reduce tax evasion without sending armed IRS agents to kick in doors or confiscate assets. The ten reasons given above provide some guidance to creating a tax system most people would voluntarily support.” ~Robert W. McGee
-
•
French Exports to Avoid: Wealth Taxes
“Wealth taxes tend to yield low revenue, while dragging down economic growth. But they do make for good politics, especially in election years; envy commands votes.” ~Nikolai Wenzel
-
•
Free Kids from Their Cells
“To keep our kids from harm, we have exposed them to brain-altering habits, online predators, and addictive pastimes that don’t just have the risk, but the near certainty, of making those now children turn out to be anxious and dysfunctional adults.” ~Michael Munger
-
•
Should the Fed Get Credit for Lower Inflation?
“Labor market developments cannot explain the decline in nominal spending growth. Tighter monetary policy can… Given the lags of monetary policy, the Fed may have already undershot its target.” ~William J. Luther
-
•
$35 Trillion — and Counting
“Interest payments on the debt alone surpass the budgets of many major federal agencies combined. At this point, federal debt service costs amount to approximately $900 billion, which is 17 percent of total federal spending.” ~Peter C. Earle
-
•
Ruminations on Income Inequality
“Many of today’s low-income workers will be tomorrow’s middle-income workers; and many of these workers will be among the country’s highest-income earners sometime in the future.” ~Donald J. Boudreaux
-
•
Hurricanes and Other Evil Winds
“Extreme headlines fit a generally understood narrative and are far more likely to be absorbed by the public. This selective attention pushes a bias toward extremism in climate reporting that significantly inflames the political climate.” ~Paul Schwennesen
-
•
Labor Isn’t Value
“The labor theory of value is wrong. Just because you worked hard at something doesn’t mean you have produced anything worthwhile.” ~Art Carden