Daily Economy
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Let’s Cut the Budget Nonsense
“The Biden administration’s goal seems to be to spend lots of money on new unnecessary programs or failing existing programs, and to pay for it with yet more debt and with novel taxes likely to fall more heavily on middle class Americans and small businesses than on big corporations or the rich.” ~ Robert E.…
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Signs of Hope
“The happy reality that entrepreneurship and bourgeois commerce continue to flourish was driven home to me by my rather unremarkable remodeling project. I have reason for optimism.” ~ Donald J. Boudreaux
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Why Progressive Taxes Are Especially Harmful to Productivity and Harm the Poor
“‘Progressive’ taxes impose a particularly strong disincentive for more productive work. Depriving the economy of greater productivity curtails the alleviation of poverty, and as a result disproportionately harms the poor.” ~ Brian Balfour
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How Does a Region Rust Away?
“Where people cannot get jobs or find homes, they pick up and leave. Where they find homes and jobs, they stay. This is not an excuse for complacency. Many of the policies that drove industrious work away from the Rust Belt remain politically popular at a national level.” ~ David Gillette & Thaddeus C. Meadows
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A Revolution in Public Transportation From A Town You Wouldn’t Expect
“It’s taken more than a hundred years for low-density cities to recognize that public transportation works far better in a point-to-point model, using private-public partnerships.” ~ Craig J. Richardson
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When Can Waffle House Raise its Prices?
“Instead of being evidence that markets are ‘no longer controlled by competition,’ firms raising prices together is evidence of supply and demand at work.” ~ Brian C. Albrecht
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A Review of Wynton Marsalis’s Moving to Higher Ground
“It is the individual speaking her innermost feelings. In the words of the famous jazz composition by Norman Mapp, ‘jazz ain’t nothing but soul,’ and in our world now, we need that individual voice and soul more than ever.” ~ Daniel Asia
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When It Comes to Big Tech and Monopoly Power: Patience is a Virtue, Antitrust is a Vice
“Whether it’s Lina Khan at the FTC or Sens. Amy Klobuchar and Elizabeth Warren in Congress, antitrust advocates should take a hard look in the mirror. The only true monopoly within the US marketplace is where these politicians are fulfilling their posts.” ~ Kimberlee Josephson
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Do Not Tarry In Eliminating Tariffs and Other Protectionist Measures
“Like Adam Smith, I’d prefer that trade be liberalized gradually as opposed to not at all. But perhaps unlike him, if I were put in front of a button to eliminate immediately all species of economic protectionism, I’d press it with gusto.” ~ Donald J. Boudreaux
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Economic Development Deals Are a Curse, Not a Blessing
“Bribing businesses to locate in your state is not free enterprise; it’s a form of cronyism. It turns what should be a competitive process between firms into a political competition between states. The first step toward winning is to stop losing.” ~ Stephen C. Miller
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•
Let’s Cut the Budget Nonsense
“The Biden administration’s goal seems to be to spend lots of money on new unnecessary programs or failing existing programs, and to pay for it with yet more debt and with novel taxes likely to fall more heavily on middle class Americans and small businesses than on big corporations or the rich.” ~ Robert E.…
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•
Signs of Hope
“The happy reality that entrepreneurship and bourgeois commerce continue to flourish was driven home to me by my rather unremarkable remodeling project. I have reason for optimism.” ~ Donald J. Boudreaux
-
•
Why Progressive Taxes Are Especially Harmful to Productivity and Harm the Poor
“‘Progressive’ taxes impose a particularly strong disincentive for more productive work. Depriving the economy of greater productivity curtails the alleviation of poverty, and as a result disproportionately harms the poor.” ~ Brian Balfour
-
•
How Does a Region Rust Away?
“Where people cannot get jobs or find homes, they pick up and leave. Where they find homes and jobs, they stay. This is not an excuse for complacency. Many of the policies that drove industrious work away from the Rust Belt remain politically popular at a national level.” ~ David Gillette & Thaddeus C. Meadows
-
•
A Revolution in Public Transportation From A Town You Wouldn’t Expect
“It’s taken more than a hundred years for low-density cities to recognize that public transportation works far better in a point-to-point model, using private-public partnerships.” ~ Craig J. Richardson
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•
When Can Waffle House Raise its Prices?
“Instead of being evidence that markets are ‘no longer controlled by competition,’ firms raising prices together is evidence of supply and demand at work.” ~ Brian C. Albrecht
-
•
A Review of Wynton Marsalis’s Moving to Higher Ground
“It is the individual speaking her innermost feelings. In the words of the famous jazz composition by Norman Mapp, ‘jazz ain’t nothing but soul,’ and in our world now, we need that individual voice and soul more than ever.” ~ Daniel Asia
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•
When It Comes to Big Tech and Monopoly Power: Patience is a Virtue, Antitrust is a Vice
“Whether it’s Lina Khan at the FTC or Sens. Amy Klobuchar and Elizabeth Warren in Congress, antitrust advocates should take a hard look in the mirror. The only true monopoly within the US marketplace is where these politicians are fulfilling their posts.” ~ Kimberlee Josephson
-
•
Do Not Tarry In Eliminating Tariffs and Other Protectionist Measures
“Like Adam Smith, I’d prefer that trade be liberalized gradually as opposed to not at all. But perhaps unlike him, if I were put in front of a button to eliminate immediately all species of economic protectionism, I’d press it with gusto.” ~ Donald J. Boudreaux
-
•
Economic Development Deals Are a Curse, Not a Blessing
“Bribing businesses to locate in your state is not free enterprise; it’s a form of cronyism. It turns what should be a competitive process between firms into a political competition between states. The first step toward winning is to stop losing.” ~ Stephen C. Miller