Daily Economy
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Critical Theory and The Frankfurt School: The Neo-Marxist Roots of WOKE
Kate Wand invites Phil Magness to discuss the origins of critical theory, which is a neo-Marxist school of thought born in the Frankfurt School in 1923.
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In Defense of Interchange Fees
“Interchange fees, long derided as a cost center for vendors that accept credit cards, may serve as a check on hyper-politicized consumer businesses.” ~ Dave Birnbaum
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Individualism and ‘Neon Genesis Evangelion’
“Collectivist ideologies are ultimately nothing but fantastical escapes from reality, filled with promises of freedom from scarcity and alienation in one’s work.” ~ Jedediah Pida-Reese
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Two Sheep, a Wolf, and Auberon Herbert
“In other words, Herbert wanted the independence of mankind from all overreaching government, not the mere replacement of one pack of wolves for another, even a smaller or less voracious pack.” ~ Robert E. Wright
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In Defense of Tipping, Part II: Price Discrimination
“Whereas most price discrimination is instigated from the side of the seller, tipping represents a cultural mechanism that obligates consumers to reveal their own preferences and share their consumer surplus with the supplier.” ~ Anthony Gill
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The (Egg)noble Lie of Regulatory Paternalism
“As long as you don’t have serious comorbidities, you are over 4.5 times more likely to win the million-dollar Powerball prize than die from the consumption of a raw unpasteurized egg.” ~ Alec Stamm
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US Credit Rating Downgraded, Again
“The reduction of the US credit rating is overdue in light of the long and enthusiastic abandonment of fiscal soundness in Washington DC, recently abetted by monetary policy authorities.” ~ Peter C. Earle
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Business Conditions Monthly June 2023
“At present we continue to believe that the US will enter a recession by September 2024, but will adjust our perspectives if and when necessary as new data and facts become available.” ~ Peter C. Earle
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Supply and Demand: As Straightforward as it Seems?
“It’s the entrepreneur’s dilemma—a kind of chicken-and-egg quandary that complicates the basic law of supply and demand. Consumers are in the driver seat, to be sure, helping steer resources to their most valued alternative uses.” ~ Paul Schwennesen
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A World Dedollarized is Gold Remonetized
“What matters is having a ready means of transacting outside dollar-based systems and institutions in exigent circumstances: to maintain continuity of trade, and to hedge against the policy errors of central bankers.” ~ Peter C. Earle
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•
Critical Theory and The Frankfurt School: The Neo-Marxist Roots of WOKE
Kate Wand invites Phil Magness to discuss the origins of critical theory, which is a neo-Marxist school of thought born in the Frankfurt School in 1923.
-
•
In Defense of Interchange Fees
“Interchange fees, long derided as a cost center for vendors that accept credit cards, may serve as a check on hyper-politicized consumer businesses.” ~ Dave Birnbaum
-
•
Individualism and ‘Neon Genesis Evangelion’
“Collectivist ideologies are ultimately nothing but fantastical escapes from reality, filled with promises of freedom from scarcity and alienation in one’s work.” ~ Jedediah Pida-Reese
-
•
Two Sheep, a Wolf, and Auberon Herbert
“In other words, Herbert wanted the independence of mankind from all overreaching government, not the mere replacement of one pack of wolves for another, even a smaller or less voracious pack.” ~ Robert E. Wright
-
•
In Defense of Tipping, Part II: Price Discrimination
“Whereas most price discrimination is instigated from the side of the seller, tipping represents a cultural mechanism that obligates consumers to reveal their own preferences and share their consumer surplus with the supplier.” ~ Anthony Gill
-
•
The (Egg)noble Lie of Regulatory Paternalism
“As long as you don’t have serious comorbidities, you are over 4.5 times more likely to win the million-dollar Powerball prize than die from the consumption of a raw unpasteurized egg.” ~ Alec Stamm
-
•
US Credit Rating Downgraded, Again
“The reduction of the US credit rating is overdue in light of the long and enthusiastic abandonment of fiscal soundness in Washington DC, recently abetted by monetary policy authorities.” ~ Peter C. Earle
-
•
Business Conditions Monthly June 2023
“At present we continue to believe that the US will enter a recession by September 2024, but will adjust our perspectives if and when necessary as new data and facts become available.” ~ Peter C. Earle
-
•
Supply and Demand: As Straightforward as it Seems?
“It’s the entrepreneur’s dilemma—a kind of chicken-and-egg quandary that complicates the basic law of supply and demand. Consumers are in the driver seat, to be sure, helping steer resources to their most valued alternative uses.” ~ Paul Schwennesen
-
•
A World Dedollarized is Gold Remonetized
“What matters is having a ready means of transacting outside dollar-based systems and institutions in exigent circumstances: to maintain continuity of trade, and to hedge against the policy errors of central bankers.” ~ Peter C. Earle