Daily Economy
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Politicians’ Job Training and College Sales Pitch is Snake Oil
“Are job training programs actually providing useful training to the people affected by foreign trade? Don’t ask lawmakers. They’d prefer that people give them credit for the intent and ignore questions about outcomes.” ~James M. Hohman
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Johan Norberg’s The Capitalist Manifesto: A Review
“What matters for the capitalist story to flourish is that its effect on the world continues to be positive, not whether market actors believe it while embodying its principles.” ~Joakim Book
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Timiraos on Supply-Side Disinflation
“Slowing down total spending growth (current-dollar GDP) by hiking interest rates and shrinking the balance sheet clearly mattered. Supply-side improvements do too, but they’re likely playing the role of the sidekick rather than the hero.” ~Alexander W. Salter
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Thankful for the Lessons of Failures
“Plymouth was a centrally planned community. Everything was controlled, regulated, and rationed by one central government authority. And like all central planning efforts, the results were scarcity, hunger, and desperation.” ~Thomas Krannawitter
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Black Friday 2023 Will Test Consumer Confidence
“Although Black Friday is a day of discounts, rebates, and other sales promotions, examining the price changes in the most-marketed merchandise categories may provide some insights as to what consumers face this year.” ~Peter C. Earle
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AIER’s Thanksgiving Cost Index Climbs Over 5 Percent from 2022 to 2023
“The constituents of the Thanksgiving Cost Index include turkey, sauces and gravies, bread, canned fruit, vegetables, and pies and cakes.” ~Peter C. Earle
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Dollarization without Fiscal Prudence Is Not Possible. With Fiscal Prudence, It’s not Necessary.
“Argentinean problems are first political, then fiscal, and then monetary, and they need to be solved in the same order.” ~Leonidas Zelmanovitz
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How to Rationally Consume News
“Most information is noise, and the human brain isn’t equipped for the overload that the modern world throws at us. Don’t clutter your brain with unnecessary stuff.” ~Joakim Book
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TikTok: Five Cuts
“Americans already have a license to engage in free speech, in the form of the First Amendment. And if you are thinking that the United States has a long history of anonymous, public speech, you’re right.” ~James Harrigan
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How Can We Stop Serving Students So Poorly?
“Efforts to improve things with charter schools have shown some great results, and vouchers are attractive as a means to make educators more responsible to parents than to administrators. But we are still in the early stages of a very long struggle.” ~Gary M. Galles
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•
Politicians’ Job Training and College Sales Pitch is Snake Oil
“Are job training programs actually providing useful training to the people affected by foreign trade? Don’t ask lawmakers. They’d prefer that people give them credit for the intent and ignore questions about outcomes.” ~James M. Hohman
-
•
Johan Norberg’s The Capitalist Manifesto: A Review
“What matters for the capitalist story to flourish is that its effect on the world continues to be positive, not whether market actors believe it while embodying its principles.” ~Joakim Book
-
•
Timiraos on Supply-Side Disinflation
“Slowing down total spending growth (current-dollar GDP) by hiking interest rates and shrinking the balance sheet clearly mattered. Supply-side improvements do too, but they’re likely playing the role of the sidekick rather than the hero.” ~Alexander W. Salter
-
•
Thankful for the Lessons of Failures
“Plymouth was a centrally planned community. Everything was controlled, regulated, and rationed by one central government authority. And like all central planning efforts, the results were scarcity, hunger, and desperation.” ~Thomas Krannawitter
-
•
Black Friday 2023 Will Test Consumer Confidence
“Although Black Friday is a day of discounts, rebates, and other sales promotions, examining the price changes in the most-marketed merchandise categories may provide some insights as to what consumers face this year.” ~Peter C. Earle
-
•
AIER’s Thanksgiving Cost Index Climbs Over 5 Percent from 2022 to 2023
“The constituents of the Thanksgiving Cost Index include turkey, sauces and gravies, bread, canned fruit, vegetables, and pies and cakes.” ~Peter C. Earle
-
•
Dollarization without Fiscal Prudence Is Not Possible. With Fiscal Prudence, It’s not Necessary.
“Argentinean problems are first political, then fiscal, and then monetary, and they need to be solved in the same order.” ~Leonidas Zelmanovitz
-
•
How to Rationally Consume News
“Most information is noise, and the human brain isn’t equipped for the overload that the modern world throws at us. Don’t clutter your brain with unnecessary stuff.” ~Joakim Book
-
•
TikTok: Five Cuts
“Americans already have a license to engage in free speech, in the form of the First Amendment. And if you are thinking that the United States has a long history of anonymous, public speech, you’re right.” ~James Harrigan
-
•
How Can We Stop Serving Students So Poorly?
“Efforts to improve things with charter schools have shown some great results, and vouchers are attractive as a means to make educators more responsible to parents than to administrators. But we are still in the early stages of a very long struggle.” ~Gary M. Galles