Daily Economy
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To Consumers, All Costs are Transaction Costs
“Remember, transaction costs are triangulation, transfer, and trust.” ~ Michael Munger
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Do Your Civic Duty and Fill Out the Customer Survey
“Should you spend your time voting, preparing to vote, researching the candidates, and so on? Or should you take five or ten minutes to fill out the customer satisfaction survey that you were emailed after your last flight or hotel stay?” ~ Art Carden
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Cleaned by Capitalism and Soiled by Socialism
“There’s no question that the environment in which modern humans live is immeasurably cleaner, safer, and more pleasant than was the filthy and dangerous environment in which all of our pre-industrial ancestors lived.” ~ Donald J. Boudreaux
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Too Much Power?
“Time will tell if future Fed officials are as resistant to political pressures as its current leadership, succumb to seemingly ever-resurgent MMT influences, or exercise great responsibility in maintaining a sound monetary policy.” ~ David Gillette and Lauren Frazier
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In Memoriam: Walter LeCroy
“After spending much of his life fighting for liberty and defending freedom, Walter passed peacefully in his sleep.” ~ Brad DeVos
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Cable News Likely to “Disappear” Within a Decade (and That’s OK)
“Schumpeter saw there would be a natural impulse to ‘conserve obsolescent industries,’ but he rightly understood this was generally a futile and self-defeating task.” ~Jon Miltimore
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Three Myths About Marx
“Findings suggest that political events, rather than intellectual renown, placed Marx on the map.” ~ Phillip W. Magness
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If the Russian Revolution Never Happened, Who Was Karl Marx?
“What if the Russian Revolution had never happened? Would anyone today even know who Karl Marx was?” ~ Phillip W. Magness
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Politics as Self-Interest: Housing Is the Exception That Proves the Rule
“The costs of NIMBYism hit renters, landowners, employers, and future generations hard. But of those groups, only landowners have the direct incentive to show up to support projects being built on their own land. ” ~ Jason Sorens
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Government Surveillance Injures the Innocent
“The asymmetry of the surveillance state belies its true purpose: to protect the government, not the people.” ~ Robert E. Wright
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•
To Consumers, All Costs are Transaction Costs
“Remember, transaction costs are triangulation, transfer, and trust.” ~ Michael Munger
-
•
Do Your Civic Duty and Fill Out the Customer Survey
“Should you spend your time voting, preparing to vote, researching the candidates, and so on? Or should you take five or ten minutes to fill out the customer satisfaction survey that you were emailed after your last flight or hotel stay?” ~ Art Carden
-
•
Cleaned by Capitalism and Soiled by Socialism
“There’s no question that the environment in which modern humans live is immeasurably cleaner, safer, and more pleasant than was the filthy and dangerous environment in which all of our pre-industrial ancestors lived.” ~ Donald J. Boudreaux
-
•
Too Much Power?
“Time will tell if future Fed officials are as resistant to political pressures as its current leadership, succumb to seemingly ever-resurgent MMT influences, or exercise great responsibility in maintaining a sound monetary policy.” ~ David Gillette and Lauren Frazier
-
•
In Memoriam: Walter LeCroy
“After spending much of his life fighting for liberty and defending freedom, Walter passed peacefully in his sleep.” ~ Brad DeVos
-
•
Cable News Likely to “Disappear” Within a Decade (and That’s OK)
“Schumpeter saw there would be a natural impulse to ‘conserve obsolescent industries,’ but he rightly understood this was generally a futile and self-defeating task.” ~Jon Miltimore
-
•
Three Myths About Marx
“Findings suggest that political events, rather than intellectual renown, placed Marx on the map.” ~ Phillip W. Magness
-
•
If the Russian Revolution Never Happened, Who Was Karl Marx?
“What if the Russian Revolution had never happened? Would anyone today even know who Karl Marx was?” ~ Phillip W. Magness
-
•
Politics as Self-Interest: Housing Is the Exception That Proves the Rule
“The costs of NIMBYism hit renters, landowners, employers, and future generations hard. But of those groups, only landowners have the direct incentive to show up to support projects being built on their own land. ” ~ Jason Sorens
-
•
Government Surveillance Injures the Innocent
“The asymmetry of the surveillance state belies its true purpose: to protect the government, not the people.” ~ Robert E. Wright