Daily Economy
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GOP Trade Platform Would Penalize Forgotten Americans
“The GOP platform calls for new Buy American restrictions, but this is just warmed-over Bidenomics. The Peterson Institute calculates that Buy American measures cost US taxpayers $94 billion in 2017.” ~Bryan Riley
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Medicare’s Real Contribution: Hollowing Out Healthcare
“Declining reimbursement rates, on top of losses in purchasing power, result in reduced access to care, as some physicians have limited the number of Medicare patients they accept or have stopped accepting new Medicare patients altogether.” ~Peter C. Earle
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Investors are Not to Blame for the Priciest Housing in History
“As of Q1 2024, investor purchases are below levels experienced seven years ago. As it turns out, rising interest rates impact the ability of investors to deploy capital profitably, just as this environment makes it difficult for families to acquire a home.” ~Joel Griffith
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Misunderstanding Poverty: a Review of ‘Second Class’
“Frédéric Bastiat famously warned against economic sophisms, the facile myths around free trade and economic policy… Alas, Batya Ungar-Sargon is not even a bad economist.” ~Nikolai Wenzel
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The Mass Democratization of Knowledge: Now Everyone Has Research Assistants
“Companies like Google, Microsoft, Apple, Amazon, and OpenAI have made it so that anyone with an internet connection can access cutting-edge ideas, data, analytical tools, and the received wisdom of the ages at the click of a button.” ~Art Carden
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After Moore v. US, Wealth Taxes Are Only Mostly Dead
“The question of whether the government could tax the defendants’ unrealized gains — a common device in what are often called ‘wealth taxes’ — seemed to be teed up. But Justice Brett Kavanaugh, who wrote the majority opinion, avoided it.” ~GianCarlo Canaparo
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A Tale of Two States: Idaho and California
“People have continued to move away from California and to Idaho, but the main drivers have probably been less the affordability of housing and more the higher quality of life and better economic opportunities in general.” ~Jason Sorens
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Consumer Prices Decline in June
“Interest rates tell us monetary policy is very tight. The money supply tells us monetary policy is somewhat tight. Will the Fed interpret recent data as a signal it’s time to pivot?” ~Alexander W. Salter
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Coolidge’s Silent Recipe for Success: Less Federal Government
“Politicians in 2024, however, embrace a very different principle: the necessity of government intervention in private affairs. Regardless of the party or the candidates, the automatic answer seems to be bigger and, most worryingly, more invasive government.” ~Luis Carlos Araujo Quintero
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AIER’s Everyday Price Index Sees First Decline in 2024
“In June, US inflation slowed to its lowest rate since 2021 primarily due to a significant deceleration in housing costs. June data bolsters the likelihood of rate cuts, potentially beginning in September.” ~Peter C. Earle
-
•
GOP Trade Platform Would Penalize Forgotten Americans
“The GOP platform calls for new Buy American restrictions, but this is just warmed-over Bidenomics. The Peterson Institute calculates that Buy American measures cost US taxpayers $94 billion in 2017.” ~Bryan Riley
-
•
Medicare’s Real Contribution: Hollowing Out Healthcare
“Declining reimbursement rates, on top of losses in purchasing power, result in reduced access to care, as some physicians have limited the number of Medicare patients they accept or have stopped accepting new Medicare patients altogether.” ~Peter C. Earle
-
•
Investors are Not to Blame for the Priciest Housing in History
“As of Q1 2024, investor purchases are below levels experienced seven years ago. As it turns out, rising interest rates impact the ability of investors to deploy capital profitably, just as this environment makes it difficult for families to acquire a home.” ~Joel Griffith
-
•
Misunderstanding Poverty: a Review of ‘Second Class’
“Frédéric Bastiat famously warned against economic sophisms, the facile myths around free trade and economic policy… Alas, Batya Ungar-Sargon is not even a bad economist.” ~Nikolai Wenzel
-
•
The Mass Democratization of Knowledge: Now Everyone Has Research Assistants
“Companies like Google, Microsoft, Apple, Amazon, and OpenAI have made it so that anyone with an internet connection can access cutting-edge ideas, data, analytical tools, and the received wisdom of the ages at the click of a button.” ~Art Carden
-
•
After Moore v. US, Wealth Taxes Are Only Mostly Dead
“The question of whether the government could tax the defendants’ unrealized gains — a common device in what are often called ‘wealth taxes’ — seemed to be teed up. But Justice Brett Kavanaugh, who wrote the majority opinion, avoided it.” ~GianCarlo Canaparo
-
•
A Tale of Two States: Idaho and California
“People have continued to move away from California and to Idaho, but the main drivers have probably been less the affordability of housing and more the higher quality of life and better economic opportunities in general.” ~Jason Sorens
-
•
Consumer Prices Decline in June
“Interest rates tell us monetary policy is very tight. The money supply tells us monetary policy is somewhat tight. Will the Fed interpret recent data as a signal it’s time to pivot?” ~Alexander W. Salter
-
•
Coolidge’s Silent Recipe for Success: Less Federal Government
“Politicians in 2024, however, embrace a very different principle: the necessity of government intervention in private affairs. Regardless of the party or the candidates, the automatic answer seems to be bigger and, most worryingly, more invasive government.” ~Luis Carlos Araujo Quintero
-
•
AIER’s Everyday Price Index Sees First Decline in 2024
“In June, US inflation slowed to its lowest rate since 2021 primarily due to a significant deceleration in housing costs. June data bolsters the likelihood of rate cuts, potentially beginning in September.” ~Peter C. Earle