Daily Economy
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The Tooth-Fairy Economics of Slavery Reparations
“If the US government tried to implement the reparations program that the 1619 Project espouses, we would get huge increases in both taxes and inflation. Yet the key economist advising on this proposal denies that any taxes would have to increase.” ~ David R. Henderson and Phillip W. Magness
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The Myth of Rural “Assistance”
“Just as in the New Deal electrification boondoggle, it is a much better value, from a bureaucratic perspective, to waste taxpayer money than to allow organic, free-market solutions to beat them to the punch.” ~ Paul Schwennesen
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This is Why We Can’t Have Nice Things: Directionalists vs. Destinationists
“Being proud of the purity of your positions by defining Friedman, Stigler (and Munger, let’s face it) as ‘reds’ is a recipe for well-deserved irrelevance in a system governed by numerical majorities.” ~ Michael C. Munger
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ESG as an Artifact of ZIRP
“Although it is unlikely to disappear completely, the ESG fad is probably past the crest of its popularity. It’s time again for firms to focus, singularly and completely, on the inestimable task of making money.” ~ Peter C. Earle
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On Jobs
“When consumers’ tastes change, only entrepreneurs can successfully discover – in competition with each other – how to reallocate resources in ways that don’t result in a decline in living standards.” ~ Donald J. Boudreaux
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Slavery and the 1619 Project: Phil Magness on Words & Numbers
“This week AIER’s Phil Magness joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to discuss how the 1619 Project gets the history and the relationship between slavery and capitalism wrong.” ~ AIER
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A Day in the Life of Homo Economicus
“While the concept of people as ‘optimizers’ is sometimes criticized as too reductive, too reliant on assumptions of ‘perfect information,’ it is nevertheless deeply, revealingly true.” ~ Paul Schwennesen
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For a Fair and Efficient Tax Policy, Restore the SALT Deduction
“Restoring full deductibility would realign the Republican party’s position on this issue with a more free-market approach to tax fairness and its long-time support of supply-side tax analysis, which guided most of the other changes in 2017.” ~ Roy Cordato
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Free Markets Made Charlie Brown and Snoopy Possible
“For humanity to flourish, we must be free to explore our full selves. Charles Schulz’s Peanuts gave us that every day for 50 years, and it would never have happened without the free market.” ~ Blake Scott Ball
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Proponents of Fiscal Stimulus Need to Stop Using World War II as an Example
“If proponents of fiscal stimulus want to use wartime spending as an empirical illustration to make their case, they need to be aware that doing so relies on a bad understanding of economic facts.” ~ Vincent Geloso
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•
The Tooth-Fairy Economics of Slavery Reparations
“If the US government tried to implement the reparations program that the 1619 Project espouses, we would get huge increases in both taxes and inflation. Yet the key economist advising on this proposal denies that any taxes would have to increase.” ~ David R. Henderson and Phillip W. Magness
-
•
The Myth of Rural “Assistance”
“Just as in the New Deal electrification boondoggle, it is a much better value, from a bureaucratic perspective, to waste taxpayer money than to allow organic, free-market solutions to beat them to the punch.” ~ Paul Schwennesen
-
•
This is Why We Can’t Have Nice Things: Directionalists vs. Destinationists
“Being proud of the purity of your positions by defining Friedman, Stigler (and Munger, let’s face it) as ‘reds’ is a recipe for well-deserved irrelevance in a system governed by numerical majorities.” ~ Michael C. Munger
-
•
ESG as an Artifact of ZIRP
“Although it is unlikely to disappear completely, the ESG fad is probably past the crest of its popularity. It’s time again for firms to focus, singularly and completely, on the inestimable task of making money.” ~ Peter C. Earle
-
•
On Jobs
“When consumers’ tastes change, only entrepreneurs can successfully discover – in competition with each other – how to reallocate resources in ways that don’t result in a decline in living standards.” ~ Donald J. Boudreaux
-
•
Slavery and the 1619 Project: Phil Magness on Words & Numbers
“This week AIER’s Phil Magness joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to discuss how the 1619 Project gets the history and the relationship between slavery and capitalism wrong.” ~ AIER
-
•
A Day in the Life of Homo Economicus
“While the concept of people as ‘optimizers’ is sometimes criticized as too reductive, too reliant on assumptions of ‘perfect information,’ it is nevertheless deeply, revealingly true.” ~ Paul Schwennesen
-
•
For a Fair and Efficient Tax Policy, Restore the SALT Deduction
“Restoring full deductibility would realign the Republican party’s position on this issue with a more free-market approach to tax fairness and its long-time support of supply-side tax analysis, which guided most of the other changes in 2017.” ~ Roy Cordato
-
•
Free Markets Made Charlie Brown and Snoopy Possible
“For humanity to flourish, we must be free to explore our full selves. Charles Schulz’s Peanuts gave us that every day for 50 years, and it would never have happened without the free market.” ~ Blake Scott Ball
-
•
Proponents of Fiscal Stimulus Need to Stop Using World War II as an Example
“If proponents of fiscal stimulus want to use wartime spending as an empirical illustration to make their case, they need to be aware that doing so relies on a bad understanding of economic facts.” ~ Vincent Geloso