Daily Economy
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Making Sense of the Recession
“Unemployment, for good reason, lags the onset of recessions. And assuming that a widespread burst in employment categorically signifies optimism or portends a quick resumption of economic growth is simply unwarranted.” ~ Peter C. Earle
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Reich Strikes Out
“According to Reich, higher prices are due to the pandemic, which suppressed demand and created global supply chain problems, together with Russia’s invasion of Ukraine, China’s overzealous lockdown policies, and of course, capitalist greed.” ~ Robert F. Mulligan
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You’re Not Poor Because You Don’t Know David Brooks, You’re Poor Because You Don’t Know David Brooks
“Ultimately what Chetty has discovered, and that Brooks has cheered, is very bullish. The problem is that the discovery is not what either thinks it is. The American dream certainly lives, but only because individuals freely make decisions that correlate with the Dream.” ~ John Tamny
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The Government Shouldn’t Decide Who May Practice Law
“Legal licensure wouldn’t be a matter of concern if it were not backed up with the power to exclude and punish anyone who dares to compete with the guild.” ~ George Leef
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Gulliver’s Travels in Washington, D.C.
“Perhaps, like the King on the Island of Laputa, our elite need a reminder of the danger of wielding such power. Unlike Swift’s protagonist, we are not gullible.” ~ Caroline Breashears
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How Airline Regulations Hurt Passengers
“The DOT might think they’re helping, but they’re really not. Airline passengers are far better off when they, not bureaucrats, decide how airlines are run.” ~ Patrick Carroll
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Reflections Sparked by A New Jersey Turnpike Rest Area
“I’m confident that everyone at the New Jersey Turnpike rest area, if pressed to think seriously about this feature of the liberal market order as he or she surveyed fellow rest-area visitors, would heartily applaud.” ~ Donald J. Boudreaux
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How Thomas Aquinas Desacralized the State
“McCormick illustrates that Aquinas’s De Regno provides us with a politics that takes liberty and virtue seriously—but always together and never apart. And that should matter to anyone, religious or otherwise, who refuses both nihilism and collectivism.” ~ Samuel Gregg
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Markets vs. Marxism and “Stakeholder Capitalism” | Samuel Gregg & Kate Wand (Video)
“Dr. Samuel Gregg and Kate Wand explore how government interventions such as protectionism and tariffs do not provide incentives to be creative and lead to higher prices, cronyism, and inefficiency.” ~ AIER
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New ‘Hunger Winter’ Looms as Europe Prepares to Shiver
“The democracies are riven with culture wars and other indulgences as Europe’s crisis is in the making. For much of the rest of the world, a new Hunger Winter looms. Many will be cold this winter, others will be hungry. Untold numbers will die.” ~ Llewellyn King
-
•
Making Sense of the Recession
“Unemployment, for good reason, lags the onset of recessions. And assuming that a widespread burst in employment categorically signifies optimism or portends a quick resumption of economic growth is simply unwarranted.” ~ Peter C. Earle
-
•
Reich Strikes Out
“According to Reich, higher prices are due to the pandemic, which suppressed demand and created global supply chain problems, together with Russia’s invasion of Ukraine, China’s overzealous lockdown policies, and of course, capitalist greed.” ~ Robert F. Mulligan
-
•
You’re Not Poor Because You Don’t Know David Brooks, You’re Poor Because You Don’t Know David Brooks
“Ultimately what Chetty has discovered, and that Brooks has cheered, is very bullish. The problem is that the discovery is not what either thinks it is. The American dream certainly lives, but only because individuals freely make decisions that correlate with the Dream.” ~ John Tamny
-
•
The Government Shouldn’t Decide Who May Practice Law
“Legal licensure wouldn’t be a matter of concern if it were not backed up with the power to exclude and punish anyone who dares to compete with the guild.” ~ George Leef
-
•
Gulliver’s Travels in Washington, D.C.
“Perhaps, like the King on the Island of Laputa, our elite need a reminder of the danger of wielding such power. Unlike Swift’s protagonist, we are not gullible.” ~ Caroline Breashears
-
•
How Airline Regulations Hurt Passengers
“The DOT might think they’re helping, but they’re really not. Airline passengers are far better off when they, not bureaucrats, decide how airlines are run.” ~ Patrick Carroll
-
•
Reflections Sparked by A New Jersey Turnpike Rest Area
“I’m confident that everyone at the New Jersey Turnpike rest area, if pressed to think seriously about this feature of the liberal market order as he or she surveyed fellow rest-area visitors, would heartily applaud.” ~ Donald J. Boudreaux
-
•
How Thomas Aquinas Desacralized the State
“McCormick illustrates that Aquinas’s De Regno provides us with a politics that takes liberty and virtue seriously—but always together and never apart. And that should matter to anyone, religious or otherwise, who refuses both nihilism and collectivism.” ~ Samuel Gregg
-
•
Markets vs. Marxism and “Stakeholder Capitalism” | Samuel Gregg & Kate Wand (Video)
“Dr. Samuel Gregg and Kate Wand explore how government interventions such as protectionism and tariffs do not provide incentives to be creative and lead to higher prices, cronyism, and inefficiency.” ~ AIER
-
•
New ‘Hunger Winter’ Looms as Europe Prepares to Shiver
“The democracies are riven with culture wars and other indulgences as Europe’s crisis is in the making. For much of the rest of the world, a new Hunger Winter looms. Many will be cold this winter, others will be hungry. Untold numbers will die.” ~ Llewellyn King