Daily Economy
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End the Gasoline Crisis: Try Motivation by Love, Not Fear
“It is time to unleash the market to produce more, rather than excoriate the oil producers. Try some motivation by love, President Biden, not motivation by fear.” ~ Raymond C. Niles
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Association, Causation, Expectations, and Caveat Civis
“We must recognize that in our current circumstances, honesty requires any serious answer (at least part) to involve ‘it depends,’ not the plethora of ‘trust me; follow my plan, because I know what to do’ from beltway snake oil salesmen.” ~ Gary M. Galles
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Will Google Ever Lose Its Monopoly?
“When Google fades into the history books, it won’t likely be due to actions taken in Washington. It will be due to the foresighted behavior of someone somewhere digitally tinkering in a garage. You know—the way Google did it.” ~ Caleb S. Fuller
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Who Is To Blame in the Moral Marketing Game
“If we want companies to stop engaging in woke-washing, we must steer the incentives back toward supporting firms for their core offerings and stop basing our purchases according to cause-related marketing messages and social labels.” ~ Kimberlee Josephson
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Revisiting the Sage of Monticello
“Kidd has written an excellent moral and spiritual biography of Thomas Jefferson. Contrary to those who claim Jefferson was a secular rationalist, he shows that the Sage of Monticello took Christianity seriously even as he rejected key tenets of orthodoxy.” ~ Mark David Hall
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Is Wokeness the New Sumptuary Laws?
“A truly free and socially-egalitarian society will reject sumptuary taxes, no matter what form they take. Awake to the woke, and reject how it’s spoke.” ~ Anthony Gill
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Rethinking Regulatory Capture
“Stigler concluded that regulatory agencies are captured by the firms they regulate. Still, ultimately, it is the regulated firms that become captured by the legislators and regulators who have the power to terminate their regulatory protections.” ~ Randall G. Holcombe
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Manufacturing Output Falls for a Second Consecutive Month in June
“Industrial output fell in June, led by declines in manufacturing. Production issues, price pressures, and an intensifying Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
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Consumer Sentiment Remained Near Record Lows in Early July
“Consumer sentiment ticked up in early July but remains near record lows and consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes
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Five Negative Consequences of Price Ceilings
“The public often supports price ceilings – support that would surely disappear if the public understood the basic economics of this harmful government intervention.” ~ Donald J. Boudreaux
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•
End the Gasoline Crisis: Try Motivation by Love, Not Fear
“It is time to unleash the market to produce more, rather than excoriate the oil producers. Try some motivation by love, President Biden, not motivation by fear.” ~ Raymond C. Niles
-
•
Association, Causation, Expectations, and Caveat Civis
“We must recognize that in our current circumstances, honesty requires any serious answer (at least part) to involve ‘it depends,’ not the plethora of ‘trust me; follow my plan, because I know what to do’ from beltway snake oil salesmen.” ~ Gary M. Galles
-
•
Will Google Ever Lose Its Monopoly?
“When Google fades into the history books, it won’t likely be due to actions taken in Washington. It will be due to the foresighted behavior of someone somewhere digitally tinkering in a garage. You know—the way Google did it.” ~ Caleb S. Fuller
-
•
Who Is To Blame in the Moral Marketing Game
“If we want companies to stop engaging in woke-washing, we must steer the incentives back toward supporting firms for their core offerings and stop basing our purchases according to cause-related marketing messages and social labels.” ~ Kimberlee Josephson
-
•
Revisiting the Sage of Monticello
“Kidd has written an excellent moral and spiritual biography of Thomas Jefferson. Contrary to those who claim Jefferson was a secular rationalist, he shows that the Sage of Monticello took Christianity seriously even as he rejected key tenets of orthodoxy.” ~ Mark David Hall
-
•
Is Wokeness the New Sumptuary Laws?
“A truly free and socially-egalitarian society will reject sumptuary taxes, no matter what form they take. Awake to the woke, and reject how it’s spoke.” ~ Anthony Gill
-
•
Rethinking Regulatory Capture
“Stigler concluded that regulatory agencies are captured by the firms they regulate. Still, ultimately, it is the regulated firms that become captured by the legislators and regulators who have the power to terminate their regulatory protections.” ~ Randall G. Holcombe
-
•
Manufacturing Output Falls for a Second Consecutive Month in June
“Industrial output fell in June, led by declines in manufacturing. Production issues, price pressures, and an intensifying Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
-
•
Consumer Sentiment Remained Near Record Lows in Early July
“Consumer sentiment ticked up in early July but remains near record lows and consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes
-
•
Five Negative Consequences of Price Ceilings
“The public often supports price ceilings – support that would surely disappear if the public understood the basic economics of this harmful government intervention.” ~ Donald J. Boudreaux