Daily Economy
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Music Has No Economic Value
“With limited world demand for music, the economic value of that creation, like oxygen, falls to zero. The same isn’t true for the earphones I’m using, since they can’t also be used by anybody else.” ~Joakim Book
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A Short Guide to ESG: Legislation
“Proponents of ESG would like to see more legal requirements for companies to reach net zero, to hire more diverse boards and employees, and to cater to a variety of stakeholder interest groups rather than the interest of shareholders.” ~Paul Mueller
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Marcus Aurelius on Snowplows, Sports, and Freedom
“Our freedom depends on voluntary human cooperation. The Stoics offer practical wisdom for promoting freedom by helping you remove your internal barriers to cooperating with others.” ~Barry Brownstein
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Time is on Government’s Side
“Politicians get the credit for creating the program, but bear only a small part of the cost of paying for it, leaving the vast majority of the costs to future generations.” ~Gary M. Galles
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Leave The Fence Alone: On ‘Toward a Political Economy of the Commons: Simple Rules for Sustainability’
“Polycentric governance, secure property rights, and free markets reinforced by a culture valuing trust, patience, and individualism lead to successful management of common-pool resources like forests, fisheries, minerals, and climate.” ~Art Carden
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A Profound Misdiagnosis of American Transit
“We don’t need a resurgence of government spending on research and development to get more innovation in our transit systems. We just need governments to get out of the way!” ~Paul Mueller
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Degrowth Kills People – Yes, Literally
“The primary obstacle to continuous improvement in the human condition is human (political or ideological) interference with the liberty of others.” ~Emile Phaneuf III & Christopher Lingle
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The Washington Wizards and Washington Capitals Have a Plan: It Shouldn’t Surprise You
“Independent scholarly studies in economics have found that the promised economic benefit from hosting a team or investing in a new facility rarely pays off financially.” ~Andrew Zimbalist
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The Inflationary-Profits Hypothesis is Mush
“Once a bastion of sound reporting, the Wall Street Journal’s economy desk is slowly descending into incoherence…Simple economics demonstrates why the inflationary-profits hypothesis is bunk.” ~Alexander W. Salter
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Are Entrepreneurs Insufficiently Incited to Compete in Markets that Serve Low-Income People?
“We then must ask: If low-income people are indeed beset by monopoly prices, why don’t entrepreneurs sweep in to compete those prices down to competitive levels?” ~Donald J. Boudreaux
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•
Music Has No Economic Value
“With limited world demand for music, the economic value of that creation, like oxygen, falls to zero. The same isn’t true for the earphones I’m using, since they can’t also be used by anybody else.” ~Joakim Book
-
•
A Short Guide to ESG: Legislation
“Proponents of ESG would like to see more legal requirements for companies to reach net zero, to hire more diverse boards and employees, and to cater to a variety of stakeholder interest groups rather than the interest of shareholders.” ~Paul Mueller
-
•
Marcus Aurelius on Snowplows, Sports, and Freedom
“Our freedom depends on voluntary human cooperation. The Stoics offer practical wisdom for promoting freedom by helping you remove your internal barriers to cooperating with others.” ~Barry Brownstein
-
•
Time is on Government’s Side
“Politicians get the credit for creating the program, but bear only a small part of the cost of paying for it, leaving the vast majority of the costs to future generations.” ~Gary M. Galles
-
•
Leave The Fence Alone: On ‘Toward a Political Economy of the Commons: Simple Rules for Sustainability’
“Polycentric governance, secure property rights, and free markets reinforced by a culture valuing trust, patience, and individualism lead to successful management of common-pool resources like forests, fisheries, minerals, and climate.” ~Art Carden
-
•
A Profound Misdiagnosis of American Transit
“We don’t need a resurgence of government spending on research and development to get more innovation in our transit systems. We just need governments to get out of the way!” ~Paul Mueller
-
•
Degrowth Kills People – Yes, Literally
“The primary obstacle to continuous improvement in the human condition is human (political or ideological) interference with the liberty of others.” ~Emile Phaneuf III & Christopher Lingle
-
•
The Washington Wizards and Washington Capitals Have a Plan: It Shouldn’t Surprise You
“Independent scholarly studies in economics have found that the promised economic benefit from hosting a team or investing in a new facility rarely pays off financially.” ~Andrew Zimbalist
-
•
The Inflationary-Profits Hypothesis is Mush
“Once a bastion of sound reporting, the Wall Street Journal’s economy desk is slowly descending into incoherence…Simple economics demonstrates why the inflationary-profits hypothesis is bunk.” ~Alexander W. Salter
-
•
Are Entrepreneurs Insufficiently Incited to Compete in Markets that Serve Low-Income People?
“We then must ask: If low-income people are indeed beset by monopoly prices, why don’t entrepreneurs sweep in to compete those prices down to competitive levels?” ~Donald J. Boudreaux