Daily Economy
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Recent Trends and Persistent Disparities in Teenage Labor Force Participation
“Almost every imaginable economic indicator was sharply affected by the pandemic. But in just the past year, both college enrollment and teenage labor force participation show signs of what may be to come.” ~ Edward Lopez and Kevin Lavery
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State Development Incentives: Taxes, Investment, and Tullock Auctions
“State ‘incentive’ packages do more than pay companies the difference in costs. Politicians have every reason to pay up to, and beyond, the entire economic benefit to the state, because their calculus counts costs as benefits.” ~ Michael Munger
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The One-Percent Principle
“Is humanity worse off because we listen to Song A instead of Song B, read this great book instead of that one? Have we tragically lost some grand human experience? Probably not.” ~ Joakim Book
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Contra Abundance
“Not all differences are due to injustice. We can improve our own situation, both individually and collectively, by acting prudently, wisely, and productively.” ~ Per Bylund
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A Book to Remind Us of the Evils of Socialism
“Americans who have read that they’re quite good (the Cuban regime still gets mostly favorable press) will be dismayed to read that living conditions are in fact bad and getting worse.” ~ George Leef
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Hayek Helps Us Understand Why People Are Losing Their Minds
“Today, the extended order is breaking down. As order breaks down, so do our powers of reason. Many are willing to be taught to have disgust for those outside their tribe.” ~ Barry Brownstein
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Beware Especially of Claims Made By Politicians
“The public’s inability to ‘see’ with the naked eye any but the most obvious consequences of government interventions ensures that politicians confront only very weak incentives to be truthful and concrete about the likely full consequences of their interventions.” ~ Donald J. Boudreaux
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Blame, Trade-Offs, and the Maui Wildfires
“Making big and simple promises is the easy part of politics. Telling constituencies that there may be difficult and painful trade-offs is difficult.” ~ Anthony Gill
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Locked Down: What Do We Really Need Collective Action For?
“Locke’s view, reflected in our Founding documents, is that preserving our freedoms requires one type of collective action: the preservation of our rights. No more. Actions beyond that benefit some at the expense of others.” ~ Gary M. Galles
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In Defense of Cash Grabs
“It doesn’t have to make sense to the outside observer, because ‘the system’ is not something a single mind designed but the unintended consequence of innumerable individual choices in response to (sometimes badly distorted) incentives.” ~ Art Carden
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•
Recent Trends and Persistent Disparities in Teenage Labor Force Participation
“Almost every imaginable economic indicator was sharply affected by the pandemic. But in just the past year, both college enrollment and teenage labor force participation show signs of what may be to come.” ~ Edward Lopez and Kevin Lavery
-
•
State Development Incentives: Taxes, Investment, and Tullock Auctions
“State ‘incentive’ packages do more than pay companies the difference in costs. Politicians have every reason to pay up to, and beyond, the entire economic benefit to the state, because their calculus counts costs as benefits.” ~ Michael Munger
-
•
The One-Percent Principle
“Is humanity worse off because we listen to Song A instead of Song B, read this great book instead of that one? Have we tragically lost some grand human experience? Probably not.” ~ Joakim Book
-
•
Contra Abundance
“Not all differences are due to injustice. We can improve our own situation, both individually and collectively, by acting prudently, wisely, and productively.” ~ Per Bylund
-
•
A Book to Remind Us of the Evils of Socialism
“Americans who have read that they’re quite good (the Cuban regime still gets mostly favorable press) will be dismayed to read that living conditions are in fact bad and getting worse.” ~ George Leef
-
•
Hayek Helps Us Understand Why People Are Losing Their Minds
“Today, the extended order is breaking down. As order breaks down, so do our powers of reason. Many are willing to be taught to have disgust for those outside their tribe.” ~ Barry Brownstein
-
•
Beware Especially of Claims Made By Politicians
“The public’s inability to ‘see’ with the naked eye any but the most obvious consequences of government interventions ensures that politicians confront only very weak incentives to be truthful and concrete about the likely full consequences of their interventions.” ~ Donald J. Boudreaux
-
•
Blame, Trade-Offs, and the Maui Wildfires
“Making big and simple promises is the easy part of politics. Telling constituencies that there may be difficult and painful trade-offs is difficult.” ~ Anthony Gill
-
•
Locked Down: What Do We Really Need Collective Action For?
“Locke’s view, reflected in our Founding documents, is that preserving our freedoms requires one type of collective action: the preservation of our rights. No more. Actions beyond that benefit some at the expense of others.” ~ Gary M. Galles
-
•
In Defense of Cash Grabs
“It doesn’t have to make sense to the outside observer, because ‘the system’ is not something a single mind designed but the unintended consequence of innumerable individual choices in response to (sometimes badly distorted) incentives.” ~ Art Carden