Daily Economy
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The Economics of Mending Wall
“Robert Frost’s masterful poem gives economists and students many opportunities to learn about property rights, self-governance, and peaceful cooperation.” ~ Byron B. Carson
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Myth America: Our Facts are the Real Facts. Trust Us.
“If history is not a debate about the facts, then it is not history. When you see your opponents’ views as all lies, myths, and legends, it might say more about the way you engage your opposition than the content of their arguments.” ~ Michael J. Douma
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Innocence Doesn’t Matter When the Government Wants to Steal Your Money
“If we truly believe that Americans should be considered innocent until proven guilty, not guilty until proven innocent, then we need to end the scourge of civil asset forfeiture entirely.” ~ Joe Setyon
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Embrace Dynamism: The Future and Its Enemies at 25
“The Future and Its Enemies is a well-written, lucid argument for decentralized progress and the intellectual, political, and commercial liberty that makes it possible.” ~ Art Carden
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Wage and Price Controls Are Not the Answer to Inflation
“If the US imposed economy-wide price controls, as Krugman proposes, it would not stop inflation, just as the Emperor Diocletian’s economy-wide controls did not stop Roman inflation and just as the 1970s economy-wide controls did not stop US inflation.” ~ Raymond C. Niles
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Taxation in the Data Economy: The ‘Invisible’ Competition
“It remains to be seen whether data experts and policymakers will come up with a tax that encapsulates ‘fairness, certainty, convenience, and efficiency’ as Adam Smith argued for, but each idea is worth hearing in today’s data-governed market.” ~ Virginia Fournari & April Liu
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The Twitter Files: Lenin Would Be Proud
“When your main mission is to do the bidding of the state, rather than serving consumers in the voluntary marketplace, you are not really a private company in the true sense of the term. Your company is not a market phenomenon.” ~ Brian Balfour
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Three Errors Paul Ehrlich Keeps Making
“In Ehrlich’s worldview, humanity only transgresses and can only cause harm. In Simon’s view, humanity takes primacy and the sources of its enrichment also repair many harms done to the environment, and eventually allows improvements.” ~ Vincent Geloso
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Services-Sector Sees a Plunge in New Orders in December
“Services-sector survey suggests contraction in December and is consistent with weak results from the manufacturing-sector survey. Should these results persist, it would be an ominous sign for the economy.” ~ Robert Hughes
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Labor Market Shows Early Signs of Loosening
“Payrolls rose in December, but the pace appears to be slowing. Mixed signs for the labor market, sustained price pressures, and an aggressive Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
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•
The Economics of Mending Wall
“Robert Frost’s masterful poem gives economists and students many opportunities to learn about property rights, self-governance, and peaceful cooperation.” ~ Byron B. Carson
-
•
Myth America: Our Facts are the Real Facts. Trust Us.
“If history is not a debate about the facts, then it is not history. When you see your opponents’ views as all lies, myths, and legends, it might say more about the way you engage your opposition than the content of their arguments.” ~ Michael J. Douma
-
•
Innocence Doesn’t Matter When the Government Wants to Steal Your Money
“If we truly believe that Americans should be considered innocent until proven guilty, not guilty until proven innocent, then we need to end the scourge of civil asset forfeiture entirely.” ~ Joe Setyon
-
•
Embrace Dynamism: The Future and Its Enemies at 25
“The Future and Its Enemies is a well-written, lucid argument for decentralized progress and the intellectual, political, and commercial liberty that makes it possible.” ~ Art Carden
-
•
Wage and Price Controls Are Not the Answer to Inflation
“If the US imposed economy-wide price controls, as Krugman proposes, it would not stop inflation, just as the Emperor Diocletian’s economy-wide controls did not stop Roman inflation and just as the 1970s economy-wide controls did not stop US inflation.” ~ Raymond C. Niles
-
•
Taxation in the Data Economy: The ‘Invisible’ Competition
“It remains to be seen whether data experts and policymakers will come up with a tax that encapsulates ‘fairness, certainty, convenience, and efficiency’ as Adam Smith argued for, but each idea is worth hearing in today’s data-governed market.” ~ Virginia Fournari & April Liu
-
•
The Twitter Files: Lenin Would Be Proud
“When your main mission is to do the bidding of the state, rather than serving consumers in the voluntary marketplace, you are not really a private company in the true sense of the term. Your company is not a market phenomenon.” ~ Brian Balfour
-
•
Three Errors Paul Ehrlich Keeps Making
“In Ehrlich’s worldview, humanity only transgresses and can only cause harm. In Simon’s view, humanity takes primacy and the sources of its enrichment also repair many harms done to the environment, and eventually allows improvements.” ~ Vincent Geloso
-
•
Services-Sector Sees a Plunge in New Orders in December
“Services-sector survey suggests contraction in December and is consistent with weak results from the manufacturing-sector survey. Should these results persist, it would be an ominous sign for the economy.” ~ Robert Hughes
-
•
Labor Market Shows Early Signs of Loosening
“Payrolls rose in December, but the pace appears to be slowing. Mixed signs for the labor market, sustained price pressures, and an aggressive Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes