Daily Economy
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Politicians Talk; Entrepreneurs and Scientists Do
“The worse the inability to get universal political agreement becomes, the better and more cost-efficient become the small-scale, positive-externality, science-based attempts at just doing the work.” ~Joakim Book
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Where Have You Gone, Alex P. Keaton?
“Respect for individual freedom, in particular the freedom of thought, is much lower than at any time in my life. It is easy to imagine a latter-day Alex showing up at Leland’s freshman orientation only to be canceled and chased from campus by an angry mob.” ~Paul McDonnold
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A Short Guide to ESG: Advocates
“I have categorized organizations by their function and highlighted a few organizations worth knowing in each category, from high-level, broad advocacy to nitty-gritty implementation.” ~Paul Mueller
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Argentina Agonistes: The Separation of Money and State
“The Argentine peso has lost 93 percent of its value in just the past 4 years. Anyone who could carry out transactions using dollars always did so; holding pesos was little different from simply setting your wealth on fire.” ~Michael Munger
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It’s Time to Discard Piketty’s Inequality Statistics
“As the study and measurement of inequality progresses, Piketty’s (and his team’s) main estimates have become obsolete and might be properly consigned to the field of the history of economic thought.” ~Phil Magness & Vincent Geloso
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The Red Pill for Pill Ad Headaches
“Suppose all Americans and Kiwis look to their own self-interest by avoiding advertised drugs whenever possible. In that case, drug manufacturers would have an incentive to stop DTCA of their own accord.” ~Robert E. Wright
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The Miracles of Human Cooperation Are Hidden in Plain Sight
“Humans cooperate and communicate in miraculous ways through the mechanism of the price system. If you believe someone must be in charge of coordinating human action, you will never notice the marvels all around you.” ~Barry Brownstein
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Thinking About the Regulation of Industrial Emissions Differently, Part II
“All we know here is that humans are innovative and have a great capacity to creatively meet challenges without being prodded by politicians or mandarins. But no one can predict in detail how this creativity will manifest itself.” ~Donald J. Boudreaux
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Revisiting the Argument that Government is Too Small
“A balanced rebuttal to false and misleading claims will tend to be ineffective at reaching voters, which in turn makes deceptive political advertising more successful, over-expanding government.” ~Gary M. Galles
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Garbled Economics in the WSJ on Argentina Dollarization
“Dollarization may not be the first-best solution for Argentina, though it’s hard to imagine it will be worse than hyperinflation.” ~Jason Sorens
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Politicians Talk; Entrepreneurs and Scientists Do
“The worse the inability to get universal political agreement becomes, the better and more cost-efficient become the small-scale, positive-externality, science-based attempts at just doing the work.” ~Joakim Book
-
•
Where Have You Gone, Alex P. Keaton?
“Respect for individual freedom, in particular the freedom of thought, is much lower than at any time in my life. It is easy to imagine a latter-day Alex showing up at Leland’s freshman orientation only to be canceled and chased from campus by an angry mob.” ~Paul McDonnold
-
•
A Short Guide to ESG: Advocates
“I have categorized organizations by their function and highlighted a few organizations worth knowing in each category, from high-level, broad advocacy to nitty-gritty implementation.” ~Paul Mueller
-
•
Argentina Agonistes: The Separation of Money and State
“The Argentine peso has lost 93 percent of its value in just the past 4 years. Anyone who could carry out transactions using dollars always did so; holding pesos was little different from simply setting your wealth on fire.” ~Michael Munger
-
•
It’s Time to Discard Piketty’s Inequality Statistics
“As the study and measurement of inequality progresses, Piketty’s (and his team’s) main estimates have become obsolete and might be properly consigned to the field of the history of economic thought.” ~Phil Magness & Vincent Geloso
-
•
The Red Pill for Pill Ad Headaches
“Suppose all Americans and Kiwis look to their own self-interest by avoiding advertised drugs whenever possible. In that case, drug manufacturers would have an incentive to stop DTCA of their own accord.” ~Robert E. Wright
-
•
The Miracles of Human Cooperation Are Hidden in Plain Sight
“Humans cooperate and communicate in miraculous ways through the mechanism of the price system. If you believe someone must be in charge of coordinating human action, you will never notice the marvels all around you.” ~Barry Brownstein
-
•
Thinking About the Regulation of Industrial Emissions Differently, Part II
“All we know here is that humans are innovative and have a great capacity to creatively meet challenges without being prodded by politicians or mandarins. But no one can predict in detail how this creativity will manifest itself.” ~Donald J. Boudreaux
-
•
Revisiting the Argument that Government is Too Small
“A balanced rebuttal to false and misleading claims will tend to be ineffective at reaching voters, which in turn makes deceptive political advertising more successful, over-expanding government.” ~Gary M. Galles
-
•
Garbled Economics in the WSJ on Argentina Dollarization
“Dollarization may not be the first-best solution for Argentina, though it’s hard to imagine it will be worse than hyperinflation.” ~Jason Sorens