Daily Economy
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Do Shortages Signal the Fragility of Free Trade?
“If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy
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Junk Insurance
“Obamacare offerings are often inferior to those available in the short-term market, even with huge taxpayer subsidies and transfers from the real suckers who are forced to overpay for their care.” ~Gary M. Galles
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The Awestruck and the Awws
“No matter how much higher standards of living for nearly everyone in today’s market-oriented economies are, living standards could be even higher. The costs of obtaining, maintaining, and further raising these living standards could be even lower.” ~Donald J. Boudreaux
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The Embargo at 50: Regulatory Causality vs. Anti-Oil Narrative
“What was obvious then should be more obvious today: Energy crises are governmental. Market challenges and solutions are entirely different from full-blown emergencies.” ~Robert L. Bradley
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The FTC’s Amazonian Snipe Hunt
“The FTC argues that Amazon’s market power inhibits the ability of competitors to enter the retail superstore marketplace. Such concerns are likely overblown.” ~David Gillette and Warren Barge
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Weak Economy Provides Key Policy Lessons
“Sure, supply-side factors contributed to higher prices in some markets, as did supply chain bottlenecks. But those are short-term fluctuations that don’t tell the entire story of reduced purchasing power for everyone.” ~Vance Ginn
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Liberalism: What Does It Even MEAN? Political Scientist Explains
“Progressives and conservatives are both convinced that their morality and vision for society is correct, and have no qualms about using the power of the state to impose it upon the rest of us.” ~Michael Munger
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Why “Free College” is a Terrible Idea
“If the US were to embrace the idea that college should be an entitlement, the results would be very undesirable. More resources would be drawn into providing college education, and we’d get less educational value in return.” ~George Leef
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To Live for Grievances Risks Liberty
“How many minor and major irritations and grievances occupy your thinking throughout the day? What do we sacrifice when our attention is centered on grievances?” ~Barry Brownstein
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Curtailing Violence with Economic Freedom
“Allow individuals to build it and make clear that they cannot force others to build it for them, and they will build it. And, most likely, they will not want to blow it up.” ~Robert E. Wright
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•
Do Shortages Signal the Fragility of Free Trade?
“If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy
-
•
Junk Insurance
“Obamacare offerings are often inferior to those available in the short-term market, even with huge taxpayer subsidies and transfers from the real suckers who are forced to overpay for their care.” ~Gary M. Galles
-
•
The Awestruck and the Awws
“No matter how much higher standards of living for nearly everyone in today’s market-oriented economies are, living standards could be even higher. The costs of obtaining, maintaining, and further raising these living standards could be even lower.” ~Donald J. Boudreaux
-
•
The Embargo at 50: Regulatory Causality vs. Anti-Oil Narrative
“What was obvious then should be more obvious today: Energy crises are governmental. Market challenges and solutions are entirely different from full-blown emergencies.” ~Robert L. Bradley
-
•
The FTC’s Amazonian Snipe Hunt
“The FTC argues that Amazon’s market power inhibits the ability of competitors to enter the retail superstore marketplace. Such concerns are likely overblown.” ~David Gillette and Warren Barge
-
•
Weak Economy Provides Key Policy Lessons
“Sure, supply-side factors contributed to higher prices in some markets, as did supply chain bottlenecks. But those are short-term fluctuations that don’t tell the entire story of reduced purchasing power for everyone.” ~Vance Ginn
-
•
Liberalism: What Does It Even MEAN? Political Scientist Explains
“Progressives and conservatives are both convinced that their morality and vision for society is correct, and have no qualms about using the power of the state to impose it upon the rest of us.” ~Michael Munger
-
•
Why “Free College” is a Terrible Idea
“If the US were to embrace the idea that college should be an entitlement, the results would be very undesirable. More resources would be drawn into providing college education, and we’d get less educational value in return.” ~George Leef
-
•
To Live for Grievances Risks Liberty
“How many minor and major irritations and grievances occupy your thinking throughout the day? What do we sacrifice when our attention is centered on grievances?” ~Barry Brownstein
-
•
Curtailing Violence with Economic Freedom
“Allow individuals to build it and make clear that they cannot force others to build it for them, and they will build it. And, most likely, they will not want to blow it up.” ~Robert E. Wright