Daily Economy
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Dismal is Better
“Today the social isolation of the economically minded has different proximate causes, but the underlying reason economic reasoning stands alone is that it stands athwart the desire of many people, perhaps most people, to rearrange the actual world into a world that they can imagine.” ~ Michael C. Munger
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De-dollarization Has Begun: Redux
“Given the increasing use of the dollar as a means of imposing sanctions, some foreign powers see a pressing need to develop the capability to transact outside of US-dollar-based systems. We are witnessing the development of financial contingency plans.” ~ Peter C. Earle
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An Open Letter to British Prime Minister Rishi Sunak
“We can hope that, should Parliament today agree to a unilateral lowering of Britain’s trade barriers, other governments would today, as other governments did in the mid-19th century, respond by unilaterally lowering theirs.” ~ Donald J. Boudreaux
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What’s To Blame for the Banking Crisis?
“It’s crucial for policymakers to not revert to zero interest rates and ample liquidity, and go down the same cycle once again.” ~ Siddharth Gundapaneni
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1619, Anyone?
“Phil will next take up the 1619 Project at the Soho Forum on April 20, addressing the resolution: The New York Times book The 1619 Project, and the Hulu video series based on it, are important contributions to our understanding of slavery and the role of African Americans in American history.” ~ James R. Harrigan
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The University of Washington Tries to Squelch Dissident Professor, Gets Sued
“If university administrators can just pass the cost of lawsuits along to the taxpayers, they will never respect the constitutional rights of faculty who dissent from their ideology.” ~ George Leef
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ESG Investing: Today’s Virtue of Tomorrow’s Taboo?
“In the same way that society destroys statues erected to commemorate yesterday’s heroes, EGS investors run the risk of being judged harshly by future citizens who have the benefit of hindsight.” ~ Ramon P. DeGennaro
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Downsizing the Administrative State
“To more fully restore the separation of powers intended by the founders, SCOTUS must soundly repudiate the Chevron Doctrine, and assert the primacy of an alternative.” ~ David Gillette & Warren Barge
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An All-Electric-Vehicle Industry? Really?
“Our future with electric vehicles will have some unexpected bumps in the road, too. We see some already — problems getting critical materials, attracting consumers, building a national charging network. But at least we know the federal government will be with us.” ~ Jane Shaw Stroup
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Will 2024 Be the Ultimate Expressive Voting Election?
“Campaigning almost solely for expressive votes in a vastly divided country threatens to put a prudent government out of the question, and as Jeremy Collier wrote, ‘Prudence is the necessary ingredient in all the virtues, without which they degenerate into folly and excess.'” ~ Gary M. Galles
-
•
Dismal is Better
“Today the social isolation of the economically minded has different proximate causes, but the underlying reason economic reasoning stands alone is that it stands athwart the desire of many people, perhaps most people, to rearrange the actual world into a world that they can imagine.” ~ Michael C. Munger
-
•
De-dollarization Has Begun: Redux
“Given the increasing use of the dollar as a means of imposing sanctions, some foreign powers see a pressing need to develop the capability to transact outside of US-dollar-based systems. We are witnessing the development of financial contingency plans.” ~ Peter C. Earle
-
•
An Open Letter to British Prime Minister Rishi Sunak
“We can hope that, should Parliament today agree to a unilateral lowering of Britain’s trade barriers, other governments would today, as other governments did in the mid-19th century, respond by unilaterally lowering theirs.” ~ Donald J. Boudreaux
-
•
What’s To Blame for the Banking Crisis?
“It’s crucial for policymakers to not revert to zero interest rates and ample liquidity, and go down the same cycle once again.” ~ Siddharth Gundapaneni
-
•
1619, Anyone?
“Phil will next take up the 1619 Project at the Soho Forum on April 20, addressing the resolution: The New York Times book The 1619 Project, and the Hulu video series based on it, are important contributions to our understanding of slavery and the role of African Americans in American history.” ~ James R. Harrigan
-
•
The University of Washington Tries to Squelch Dissident Professor, Gets Sued
“If university administrators can just pass the cost of lawsuits along to the taxpayers, they will never respect the constitutional rights of faculty who dissent from their ideology.” ~ George Leef
-
•
ESG Investing: Today’s Virtue of Tomorrow’s Taboo?
“In the same way that society destroys statues erected to commemorate yesterday’s heroes, EGS investors run the risk of being judged harshly by future citizens who have the benefit of hindsight.” ~ Ramon P. DeGennaro
-
•
Downsizing the Administrative State
“To more fully restore the separation of powers intended by the founders, SCOTUS must soundly repudiate the Chevron Doctrine, and assert the primacy of an alternative.” ~ David Gillette & Warren Barge
-
•
An All-Electric-Vehicle Industry? Really?
“Our future with electric vehicles will have some unexpected bumps in the road, too. We see some already — problems getting critical materials, attracting consumers, building a national charging network. But at least we know the federal government will be with us.” ~ Jane Shaw Stroup
-
•
Will 2024 Be the Ultimate Expressive Voting Election?
“Campaigning almost solely for expressive votes in a vastly divided country threatens to put a prudent government out of the question, and as Jeremy Collier wrote, ‘Prudence is the necessary ingredient in all the virtues, without which they degenerate into folly and excess.'” ~ Gary M. Galles