Daily Economy
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Stagflation Lite: 1st Quarter US GDP Growth Weakens to 1.1 Percent Amid a Renewed Inflationary Surge
“The current US economic environment could be categorized as stagflation lite, demonstrating as it does relatively resilient employment amid increasingly entrenched inflation and weakening growth.” ~ Peter C. Earle
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The Global Market Miracle of the 99-cent Pineapple
“When past centuries’ most-iconic luxuries become commonplace and affordable, we always have specialization and market innovations to thank.” ~ Laura Williams
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Progressive Interest Rates?
“Whatever one thinks about a proportional income tax, the principle of declining marginal significance of income doesn’t justify progressive income tax rates. Neither does it justify progressive mortgage interest rates.” ~ Charles W. Baird
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Business Conditions Monthly March 2023
“No indicators are conclusive, and all are subject to change or revision. But in the the aggregate, current data suggests that US economic fundamentals are deteriorating. The current baseline estimate is for an economic recession within the next twelve to eighteen months.” ~ Peter C. Earle
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The Future of Money & Banking: Bitcoin, Fractional Reserve, and Free Markets (Video)
“In this episode of Liberty Curious, Kate Wand and George Selgin discuss the merits of free banking, Keynesian economics, and the potential for a Bitcoin Standard in a world in which governments have long abused and mismanaged money.” ~ AIER
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It Depends—Is This an Economics Exam or the Real World?
“Because of how important it is to recognize the initial questions which must be asked to move toward large numbers of real-world judgments, I have modified my exams to force students to confront those issues on occasion.” ~ Gary M. Galles
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Eliminating Property Rights Destroys Social Order
“The parallels are never exact, but we can learn from history. When a foundation of a free society, such as property rights, is abandoned, the destruction of social order and hardship for countless millions follows.” ~ Barry Brownstein
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Some Factual and Economic Errors of “Common Good Capitalism”
“Arguments for ‘common good capitalism’ are chock-a-block both with factual errors and faulty economic reasoning of a sort not found in arguments for true capitalism.” ~ Donald J. Boudreaux
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What Are We For? A Challenge for Classical Liberals in the Academy
“The solution, the way to navigate the rapids downstream of where we are now, is clear, but not easy. It is to refocus on making the moral case for capitalism, on providing a positive, optimistic vision of the world that can be remade.” ~ Michael C. Munger
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The Gas-Powered Banning Bandwagon: Why Politicians Should Leave Leaf Blowers Alone
“Given that there is already a severe shortage of labor in the landscape sector, the concern won’t be over what equipment is being used, but rather who will even opt to use it.” ~ Kimberlee Josephson
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•
Stagflation Lite: 1st Quarter US GDP Growth Weakens to 1.1 Percent Amid a Renewed Inflationary Surge
“The current US economic environment could be categorized as stagflation lite, demonstrating as it does relatively resilient employment amid increasingly entrenched inflation and weakening growth.” ~ Peter C. Earle
-
•
The Global Market Miracle of the 99-cent Pineapple
“When past centuries’ most-iconic luxuries become commonplace and affordable, we always have specialization and market innovations to thank.” ~ Laura Williams
-
•
Progressive Interest Rates?
“Whatever one thinks about a proportional income tax, the principle of declining marginal significance of income doesn’t justify progressive income tax rates. Neither does it justify progressive mortgage interest rates.” ~ Charles W. Baird
-
•
Business Conditions Monthly March 2023
“No indicators are conclusive, and all are subject to change or revision. But in the the aggregate, current data suggests that US economic fundamentals are deteriorating. The current baseline estimate is for an economic recession within the next twelve to eighteen months.” ~ Peter C. Earle
-
•
The Future of Money & Banking: Bitcoin, Fractional Reserve, and Free Markets (Video)
“In this episode of Liberty Curious, Kate Wand and George Selgin discuss the merits of free banking, Keynesian economics, and the potential for a Bitcoin Standard in a world in which governments have long abused and mismanaged money.” ~ AIER
-
•
It Depends—Is This an Economics Exam or the Real World?
“Because of how important it is to recognize the initial questions which must be asked to move toward large numbers of real-world judgments, I have modified my exams to force students to confront those issues on occasion.” ~ Gary M. Galles
-
•
Eliminating Property Rights Destroys Social Order
“The parallels are never exact, but we can learn from history. When a foundation of a free society, such as property rights, is abandoned, the destruction of social order and hardship for countless millions follows.” ~ Barry Brownstein
-
•
Some Factual and Economic Errors of “Common Good Capitalism”
“Arguments for ‘common good capitalism’ are chock-a-block both with factual errors and faulty economic reasoning of a sort not found in arguments for true capitalism.” ~ Donald J. Boudreaux
-
•
What Are We For? A Challenge for Classical Liberals in the Academy
“The solution, the way to navigate the rapids downstream of where we are now, is clear, but not easy. It is to refocus on making the moral case for capitalism, on providing a positive, optimistic vision of the world that can be remade.” ~ Michael C. Munger
-
•
The Gas-Powered Banning Bandwagon: Why Politicians Should Leave Leaf Blowers Alone
“Given that there is already a severe shortage of labor in the landscape sector, the concern won’t be over what equipment is being used, but rather who will even opt to use it.” ~ Kimberlee Josephson