Daily Economy
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Create Wealth Without Making Anything
“Sellers at vintage markets and flea malls are creating value every bit as much as their friends and neighbors working in the coal mines or in the mills. They’re transforming lower-value assets to higher-value uses.” ~Art Carden
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Debt and Unfunded Liabilities
“Unfunded liabilities stress state and local budgets and signal painful future tax increases just as much as bond obligations. Government debt is growing rapidly at all levels.” ~Tom Savidge
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Not a Very Virtuous Virtue Signal
“Calling the extraction of resources from one group to give to others an investment, rather than wealth redistribution that reduces others claims on their own property, is a massive misrepresentation.” ~Gary M. Galles
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Unseen Innovation
“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux
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Milei Proves That Ideas Matter
“Rather than the thin gruel of economic grievance offered by American right-wing populists, Milei’s policies are built on his vast knowledge of sound and successful, albeit politically unpopular, economic thinking.” ~ G. Patrick Lynch
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Wealth Precedes Health. Policy Should Reflect That.
“Government policies including excessive taxation and regulation, directly taking property, and weak patent and copyright protection can negatively affect wealth in rich and poor countries.” ~Richard Williams
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Inflation On Target in December
“Monetary policy remains very tight. Interest rates are much higher than they were just prior to the pandemic. And the Fed is no longer accommodating expansionary fiscal policy.” ~William J. Luther
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The (Other) Cost of Inflation: Inflation Erodes More Than the Value of Money, History Shows
“Hazlitt’s thesis is that bad money will inevitably result in bad behavior. This might be a tough thesis to swallow — particularly for those who live in the age of fiat money.” ~Jon Miltimore
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A Statue Worth Preserving; A Man Worth Honoring
“William Penn’s 1682 ‘Frame of Government’ for Pennsylvania included elected representatives, a separation of powers, religious freedom, and fair trials, all since incorporated into our Constitution.” ~Gary Galles
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Bidenomics and the Slippery Erosion of Economic Freedom
“The Biden Administration claims to promote economic growth and increase competitiveness while choking the economy with rules and regulations.” ~Nikolai Wenzel
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•
Create Wealth Without Making Anything
“Sellers at vintage markets and flea malls are creating value every bit as much as their friends and neighbors working in the coal mines or in the mills. They’re transforming lower-value assets to higher-value uses.” ~Art Carden
-
•
Debt and Unfunded Liabilities
“Unfunded liabilities stress state and local budgets and signal painful future tax increases just as much as bond obligations. Government debt is growing rapidly at all levels.” ~Tom Savidge
-
•
Not a Very Virtuous Virtue Signal
“Calling the extraction of resources from one group to give to others an investment, rather than wealth redistribution that reduces others claims on their own property, is a massive misrepresentation.” ~Gary M. Galles
-
•
Unseen Innovation
“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux
-
•
Milei Proves That Ideas Matter
“Rather than the thin gruel of economic grievance offered by American right-wing populists, Milei’s policies are built on his vast knowledge of sound and successful, albeit politically unpopular, economic thinking.” ~ G. Patrick Lynch
-
•
Wealth Precedes Health. Policy Should Reflect That.
“Government policies including excessive taxation and regulation, directly taking property, and weak patent and copyright protection can negatively affect wealth in rich and poor countries.” ~Richard Williams
-
•
Inflation On Target in December
“Monetary policy remains very tight. Interest rates are much higher than they were just prior to the pandemic. And the Fed is no longer accommodating expansionary fiscal policy.” ~William J. Luther
-
•
The (Other) Cost of Inflation: Inflation Erodes More Than the Value of Money, History Shows
“Hazlitt’s thesis is that bad money will inevitably result in bad behavior. This might be a tough thesis to swallow — particularly for those who live in the age of fiat money.” ~Jon Miltimore
-
•
A Statue Worth Preserving; A Man Worth Honoring
“William Penn’s 1682 ‘Frame of Government’ for Pennsylvania included elected representatives, a separation of powers, religious freedom, and fair trials, all since incorporated into our Constitution.” ~Gary Galles
-
•
Bidenomics and the Slippery Erosion of Economic Freedom
“The Biden Administration claims to promote economic growth and increase competitiveness while choking the economy with rules and regulations.” ~Nikolai Wenzel