Daily Economy
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From Republic to Democracy to Kakistocracy
“So how do we get from a republic to a democracy, and how does democracy become a kakistocracy during a period when democracy is so highly praised?” ~ Gary M. Galles
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El Salvador and Bitcoin: A Love-Hate Story
“El Salvador can be seen as either a pioneer in the world of cryptocurrencies or as a country that is reckless in its government finances.” ~ Daniel Fernández
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Not so Modern Monetary Theory
“If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the value of that currency will fall (or, there will be inflation).” ~ Gary M. Pecquet & Clifford F. Thies
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Re-Imagining Medicine
“We are not selecting for, nurturing, or rewarding imagination in medicine to the degree we should, and patients, physicians, and our society are paying the price for it.” ~ Richard Gunderman
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Planning Fails Because Rules Rule
“What, then, are organizational leaders to do? Think like classical liberals and align incentives carefully! Give workers autonomy by allowing them to make decisions where they have superior information.” ~ Robert E. Wright
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Why Job Turnover Is So High for Gen Z and Millennials
“As stated by Thomas Sowell, in Wealth, Poverty, and Politics, ‘Transferring the fruits of human capital is not as fundamental as spreading the human capital itself.'” ~ Kimberlee Josephson
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A Pay-it-Back Plan for Teacher Pay
“A pay-it-back plan probably won’t solve teacher pay problems, but it does help us to think about how we already have a stable way to compensate teachers.” ~ Michael J. Douma
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Conservatism, National or Constitutional?
“National conservatives seem to be trying to beat the left at its own game: to deploy the same disastrous methods but merely switch the ends. This is not a path to lasting improvement.” ~ Tyler Syck
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Helping Y’all Understand Protectionism
“Given that protectionism violates the central purpose of any government, which is to benefit all its citizens, it replaces the justice of voluntary arrangements with the injustice imposed by involuntary arrangements.” ~ Gary M. Galles
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Weekly Initial Claims Rise to an Eight-Month High
“Weekly initial claims rose again, extending the recent upward trend. The combination of sustained elevated rates of price increases and softening labor market are becoming a major risk for the economic outlook.” ~ Robert Hughes
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•
From Republic to Democracy to Kakistocracy
“So how do we get from a republic to a democracy, and how does democracy become a kakistocracy during a period when democracy is so highly praised?” ~ Gary M. Galles
-
•
El Salvador and Bitcoin: A Love-Hate Story
“El Salvador can be seen as either a pioneer in the world of cryptocurrencies or as a country that is reckless in its government finances.” ~ Daniel Fernández
-
•
Not so Modern Monetary Theory
“If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the value of that currency will fall (or, there will be inflation).” ~ Gary M. Pecquet & Clifford F. Thies
-
•
Re-Imagining Medicine
“We are not selecting for, nurturing, or rewarding imagination in medicine to the degree we should, and patients, physicians, and our society are paying the price for it.” ~ Richard Gunderman
-
•
Planning Fails Because Rules Rule
“What, then, are organizational leaders to do? Think like classical liberals and align incentives carefully! Give workers autonomy by allowing them to make decisions where they have superior information.” ~ Robert E. Wright
-
•
Why Job Turnover Is So High for Gen Z and Millennials
“As stated by Thomas Sowell, in Wealth, Poverty, and Politics, ‘Transferring the fruits of human capital is not as fundamental as spreading the human capital itself.'” ~ Kimberlee Josephson
-
•
A Pay-it-Back Plan for Teacher Pay
“A pay-it-back plan probably won’t solve teacher pay problems, but it does help us to think about how we already have a stable way to compensate teachers.” ~ Michael J. Douma
-
•
Conservatism, National or Constitutional?
“National conservatives seem to be trying to beat the left at its own game: to deploy the same disastrous methods but merely switch the ends. This is not a path to lasting improvement.” ~ Tyler Syck
-
•
Helping Y’all Understand Protectionism
“Given that protectionism violates the central purpose of any government, which is to benefit all its citizens, it replaces the justice of voluntary arrangements with the injustice imposed by involuntary arrangements.” ~ Gary M. Galles
-
•
Weekly Initial Claims Rise to an Eight-Month High
“Weekly initial claims rose again, extending the recent upward trend. The combination of sustained elevated rates of price increases and softening labor market are becoming a major risk for the economic outlook.” ~ Robert Hughes