Daily Economy
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Eating The Rich Won’t Feed the Beast
“The hungry behemoth that is the US federal government is already eating the rich… Jeff Bezos’ great fortune would finance the government for… less than a week. ” ~Joakim Book
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Did Government Red Ink Make the US More Dynamic than Europe?
“The new ‘reshuffling’ thesis of American recovery doesn’t make much sense on the evidence. It serves a convenient political purpose, helping to justify massive federal stimulus.” ~Jason Sorens
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Government Project: The Eternal Folly of Central Planning
“Edward Banfield’s careful case study of the Casa Grande project, based on his review of the detailed government records, is a sobering critique of government planning and social engineering.” ~Mark Pulliam
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Baseball, a Beer, and a Dog
“The most expensive beer in the major leagues is found where everything seems to be most expensive: Washington, DC. At Nationals Park a single beer will set you back $14.99.” ~James R. Harrigan
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Biden’s ‘Strike Force’ Recalls Nixon’s Economic Plan
“The so-called Strike Force is likely to act as a bludgeon for government attacks on private interests, and in particular, those viewed as adversaries to the administration.” ~Peter C. Earle
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Industrial Policy’s Short-Run Booms Risk Long-Term Failures
“Small firms like GF will enjoy morsels, but legacy firms like Intel — who are already more immune to market shocks and decline — make subsidies into a buffet.” ~Ryan M. Yonk and Jacob Bruggeman
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Red Alert: Biden’s Biggest Chips Act Expense Yet
“When politicians resort to deficit spending to bankroll industrial ventures, they put upward pressure on interest rates by issuing more debt and competing with scarce private funds.” ~Vance Ginn
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Why Cops Tell Homeowners: Just Give Criminals Your Car Keys
“Despite the rich tradition and popular appeal of the right of self-defense, Justin Trudeau and many others remain hostile to it.” ~Jon Miltimore
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Fixing A Big Mistake in Risk-Based Capital Rules
“Both long Treasuries and mortgage-backed securities guaranteed by government agencies are in current regulation included as ‘High Quality Liquid Assets.’ But of course they both can and have created plenty of interest rate risk.” ~Alex J. Pollock
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“The Price of Time” and Broken Central Banking
“The unique value of Chancellor’s book, beyond tracing this intellectual history of interest and illustrating it by financial debacles up and down the centuries, is to connect the social and market outcomes with the broken money markets.” ~Joakim Book
-
•
Eating The Rich Won’t Feed the Beast
“The hungry behemoth that is the US federal government is already eating the rich… Jeff Bezos’ great fortune would finance the government for… less than a week. ” ~Joakim Book
-
•
Did Government Red Ink Make the US More Dynamic than Europe?
“The new ‘reshuffling’ thesis of American recovery doesn’t make much sense on the evidence. It serves a convenient political purpose, helping to justify massive federal stimulus.” ~Jason Sorens
-
•
Government Project: The Eternal Folly of Central Planning
“Edward Banfield’s careful case study of the Casa Grande project, based on his review of the detailed government records, is a sobering critique of government planning and social engineering.” ~Mark Pulliam
-
•
Baseball, a Beer, and a Dog
“The most expensive beer in the major leagues is found where everything seems to be most expensive: Washington, DC. At Nationals Park a single beer will set you back $14.99.” ~James R. Harrigan
-
•
Biden’s ‘Strike Force’ Recalls Nixon’s Economic Plan
“The so-called Strike Force is likely to act as a bludgeon for government attacks on private interests, and in particular, those viewed as adversaries to the administration.” ~Peter C. Earle
-
•
Industrial Policy’s Short-Run Booms Risk Long-Term Failures
“Small firms like GF will enjoy morsels, but legacy firms like Intel — who are already more immune to market shocks and decline — make subsidies into a buffet.” ~Ryan M. Yonk and Jacob Bruggeman
-
•
Red Alert: Biden’s Biggest Chips Act Expense Yet
“When politicians resort to deficit spending to bankroll industrial ventures, they put upward pressure on interest rates by issuing more debt and competing with scarce private funds.” ~Vance Ginn
-
•
Why Cops Tell Homeowners: Just Give Criminals Your Car Keys
“Despite the rich tradition and popular appeal of the right of self-defense, Justin Trudeau and many others remain hostile to it.” ~Jon Miltimore
-
•
Fixing A Big Mistake in Risk-Based Capital Rules
“Both long Treasuries and mortgage-backed securities guaranteed by government agencies are in current regulation included as ‘High Quality Liquid Assets.’ But of course they both can and have created plenty of interest rate risk.” ~Alex J. Pollock
-
•
“The Price of Time” and Broken Central Banking
“The unique value of Chancellor’s book, beyond tracing this intellectual history of interest and illustrating it by financial debacles up and down the centuries, is to connect the social and market outcomes with the broken money markets.” ~Joakim Book