Daily Economy
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DOJ Makes Our Skies Less Friendly
“The damage done by allowing ‘anticompetitive’ mergers dissipates over time, but the benefits of erroneously prohibiting beneficial ones are lost forever.” ~Tarnell Brown
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High Costs, Greenlash Hit Europe
“Like any other good, environmental protection has an opportunity cost. Surveys indicate that the majority of Europeans support green laws; however, a majority is also increasingly worried about the cost.” ~Nikolai Wenzel
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Cherry-Piketty Data
“Whether the distribution is problematic and calls for correction is one question, but measuring the extent of inequality and whether it is getting worse is an entirely different issue.” ~Robert Mulligan
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Wendy’s Won’t Use Dynamic Pricing – But Should They?
“The discount shelf in your lower supermarket is emblematic of the same process as well, albeit in the opposite direction. Variable pricing permits improved resource allocations, including of labor, by responding to real-time conditions.” ~Peter C. Earle
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Bitcoin Scoops Up Stranded and Excess Power
“Overbuilt facilities generate excess capacity, waste resources, and are only needed in extreme events. A consumer-of-last-resort could secure electricity grids and monetize their resilience.” ~Joakim Book
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Is Inflation on the Rise Again?
“The Fed should be looking ahead and adjusting monetary policy in light of its forecasts. Instead, its eyes are fixed on the rear-view mirror.” ~William J. Luther
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Beware of the Ceiling
“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux
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Teaching the Butterfly of Liberty
“Casa Escuela is but one of many global examples of grassroots, local, civil society efforts to bypass the state educational establishment, with its bloated bureaucracy, mediocrity, and hardcore socialist thought.” ~Nikolai Wenzel
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How Rich People Create Poverty
“The real gains come from people moving to where their labor is more valuable — and that’s in high-income countries like the United States. The problem is, we rich Westerners won’t let them come.” ~Art Carden
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Who is the Greatest Economist of All Time?
“No matter what your specialization, whether in economics or in any other field, Cowen has written a book which is trying to convince you to break out of your specialization and rediscover the broader world of ideas.” ~James Hartley
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•
DOJ Makes Our Skies Less Friendly
“The damage done by allowing ‘anticompetitive’ mergers dissipates over time, but the benefits of erroneously prohibiting beneficial ones are lost forever.” ~Tarnell Brown
-
•
High Costs, Greenlash Hit Europe
“Like any other good, environmental protection has an opportunity cost. Surveys indicate that the majority of Europeans support green laws; however, a majority is also increasingly worried about the cost.” ~Nikolai Wenzel
-
•
Cherry-Piketty Data
“Whether the distribution is problematic and calls for correction is one question, but measuring the extent of inequality and whether it is getting worse is an entirely different issue.” ~Robert Mulligan
-
•
Wendy’s Won’t Use Dynamic Pricing – But Should They?
“The discount shelf in your lower supermarket is emblematic of the same process as well, albeit in the opposite direction. Variable pricing permits improved resource allocations, including of labor, by responding to real-time conditions.” ~Peter C. Earle
-
•
Bitcoin Scoops Up Stranded and Excess Power
“Overbuilt facilities generate excess capacity, waste resources, and are only needed in extreme events. A consumer-of-last-resort could secure electricity grids and monetize their resilience.” ~Joakim Book
-
•
Is Inflation on the Rise Again?
“The Fed should be looking ahead and adjusting monetary policy in light of its forecasts. Instead, its eyes are fixed on the rear-view mirror.” ~William J. Luther
-
•
Beware of the Ceiling
“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux
-
•
Teaching the Butterfly of Liberty
“Casa Escuela is but one of many global examples of grassroots, local, civil society efforts to bypass the state educational establishment, with its bloated bureaucracy, mediocrity, and hardcore socialist thought.” ~Nikolai Wenzel
-
•
How Rich People Create Poverty
“The real gains come from people moving to where their labor is more valuable — and that’s in high-income countries like the United States. The problem is, we rich Westerners won’t let them come.” ~Art Carden
-
•
Who is the Greatest Economist of All Time?
“No matter what your specialization, whether in economics or in any other field, Cowen has written a book which is trying to convince you to break out of your specialization and rediscover the broader world of ideas.” ~James Hartley