Daily Economy
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Economic Growth Makes Graceland Less Impressive
“The real ‘capitalist achievement,’ however, isn’t Graceland. It’s the fact that compared to the stuff of the average person’s day-to-day life in 2023, Graceland just isn’t that impressive.” ~ Art Carden
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All Housing is Still Affordable Housing: “Seen and Unseen” Edition
“The unseen cause of gentrification is the knee-jerk NIMBYism of affluent leftist neighborhood associations. And that causes the elimination of almost all affordable housing in the city, quickly.” ~ Michael Munger
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America’s Long Depression
“The US economy may continue to grow or shrink a few percent from year to year, but it will remain mired in a deep depression compared to what it could have achieved.” ~ Robert E. Wright
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Without Economic Freedom, None of the Others Matter
“Forbidding entrepreneurial ventures that have not been granted prior approval and design review by unelected officials is, practically speaking, state ownership of the means of production.” ~ Paul Schwennesen
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How Congress Should Reform the Fed
“Congress should narrow the Fed’s regulatory concerns to maintaining adequate bank capital. It should also consider abolishing the discount window entirely.” ~ Alexander William Salter
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Taylor Swift, Turn Your Wrath to Government!
“The entity that Taylor Swift and her legion of fans are turning to save themselves from a predatory monopoly that engages in shifty pricing is itself a predatory monopoly that engages in shifty pricing.” ~ Anthony Gill
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More Self-Interested Union Altruism
“Whenever someone claims an altruistic reason to support a policy, but it clearly advances their narrow self-interest, the latter effect can explain such support, regardless of whether it helps or even hurts the supposed beneficiaries.” ~ Gary M. Galles
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Modern Mercantilism: A Case for Free Trade
“Global free trade helps both consumers, via lower quality-adjusted prices, and taxpayers. Walking into a Walmart to buy goods I want for dollars I earn at work does not leave me, or the nation, worse off, even if those goods originated in another country. ” ~ Stefan Bartl
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Emotions and Climate Change
“Conversations on campus are increasingly radical and will inevitably bleed into the mainstream dialogue. Be ready.” ~ Paul Schwennesen
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You Use the Roads, Don’t You?
“Having resources taken from you against your will, and then accepting the return of some of those resources, in the form of a monopoly road system, does not make you a free rider.” ~ Michael C. Munger
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Economic Growth Makes Graceland Less Impressive
“The real ‘capitalist achievement,’ however, isn’t Graceland. It’s the fact that compared to the stuff of the average person’s day-to-day life in 2023, Graceland just isn’t that impressive.” ~ Art Carden
-
•
All Housing is Still Affordable Housing: “Seen and Unseen” Edition
“The unseen cause of gentrification is the knee-jerk NIMBYism of affluent leftist neighborhood associations. And that causes the elimination of almost all affordable housing in the city, quickly.” ~ Michael Munger
-
•
America’s Long Depression
“The US economy may continue to grow or shrink a few percent from year to year, but it will remain mired in a deep depression compared to what it could have achieved.” ~ Robert E. Wright
-
•
Without Economic Freedom, None of the Others Matter
“Forbidding entrepreneurial ventures that have not been granted prior approval and design review by unelected officials is, practically speaking, state ownership of the means of production.” ~ Paul Schwennesen
-
•
How Congress Should Reform the Fed
“Congress should narrow the Fed’s regulatory concerns to maintaining adequate bank capital. It should also consider abolishing the discount window entirely.” ~ Alexander William Salter
-
•
Taylor Swift, Turn Your Wrath to Government!
“The entity that Taylor Swift and her legion of fans are turning to save themselves from a predatory monopoly that engages in shifty pricing is itself a predatory monopoly that engages in shifty pricing.” ~ Anthony Gill
-
•
More Self-Interested Union Altruism
“Whenever someone claims an altruistic reason to support a policy, but it clearly advances their narrow self-interest, the latter effect can explain such support, regardless of whether it helps or even hurts the supposed beneficiaries.” ~ Gary M. Galles
-
•
Modern Mercantilism: A Case for Free Trade
“Global free trade helps both consumers, via lower quality-adjusted prices, and taxpayers. Walking into a Walmart to buy goods I want for dollars I earn at work does not leave me, or the nation, worse off, even if those goods originated in another country. ” ~ Stefan Bartl
-
•
Emotions and Climate Change
“Conversations on campus are increasingly radical and will inevitably bleed into the mainstream dialogue. Be ready.” ~ Paul Schwennesen
-
•
You Use the Roads, Don’t You?
“Having resources taken from you against your will, and then accepting the return of some of those resources, in the form of a monopoly road system, does not make you a free rider.” ~ Michael C. Munger