Daily Economy
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Why Studying Economics Requires Curiosity
“Studying economics requires curiosity because economics is about providing answers to social mysteries, not about condemning or praising social interaction. To make this point is to suggest that curiosity’s close intellectual cousin—humility—is also crucial to the economist’s task.” ~ Caleb S. Fuller
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Rule, Britannia?
“Will a sense of British identity prevail over the ambitions of Scottish, Welsh, and Irish nationalists? That is unclear. Perhaps the better question is whether enough people in England will even care.” ~ Samuel Gregg
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Make America Free Again (MAFA)
“The policy path to MAFA is clear, deregulate everything from Amtrak to monetary policy, while reinvigorating the Third Sector (nonprofits) and forming a Ministry of Truth to police all claims, and only claims, made by governments, government officials, and politicians.” ~ Robert E. Wright
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Black American Identity, Family, and Religion: An Interview with Glenn Loury
“Racial disparity is really only a derivative result of the larger social abandonment of a set of norms which manifests itself most immediately and most severely in the African American population, but which really is a larger question for all Americans.” ~ Glenn Loury & Alexander Riley
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Assessing Risks Accurately Requires Accurate Information
“Each of us in our private lives has strong incentives to make these assessments correctly, for if we don’t, we personally suffer. Politicians and bureaucrats, in contrast, not only do not personally suffer if they impose excessive precautions, they are often lauded for doing so.” ~ Donald J. Boudreaux
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Leave Me Alone and I’ll Make You Rich, Part 2
“If liberal society is to be preserved, there is no time to lose in attempting to shore up its philosophical foundations. Leave Me Alone is an estimable effort at doing that.” ~ George Leef
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Private Payrolls Growth Stayed Strong in June
“Payroll gains remained solid in June, though there are mounting signs of easing in the labor market. Sustained price pressures, an intensifying Fed tightening cycle, and ongoing fallout from the Russian invasion of Ukraine are significant risks for the economy.” ~ Robert Hughes
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Understanding “Underpaid” Workers
“Money ultimately comes from employees’ pockets, but they blame their employers instead of the government for reducing what they take home as a result. When workers say ‘I was robbed,’ they may be correct–but they finger the wrong suspect.” ~ Gary M. Galles
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Politics Without Romance – Why the World Looks the Way It Does | Liberty Curious (Video)
“In this episode of Liberty Curious, AIER Senior Research Faculty Ryan Yonk joins Kate Wand to discuss Public Choice theory, which James Buchanan famously described as ‘politics without romance.’” ~ AIER
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There Ought To Be a Law, or at Least a Regulation.
“When the busybodies at the FDA picture the impacts of their new regulations, they imagine that these interventions will save lives, reduce health consequences, and protect Americans. They imagine only the results they want, not the way people actually behave.” ~ Laura Williams
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•
Why Studying Economics Requires Curiosity
“Studying economics requires curiosity because economics is about providing answers to social mysteries, not about condemning or praising social interaction. To make this point is to suggest that curiosity’s close intellectual cousin—humility—is also crucial to the economist’s task.” ~ Caleb S. Fuller
-
•
Rule, Britannia?
“Will a sense of British identity prevail over the ambitions of Scottish, Welsh, and Irish nationalists? That is unclear. Perhaps the better question is whether enough people in England will even care.” ~ Samuel Gregg
-
•
Make America Free Again (MAFA)
“The policy path to MAFA is clear, deregulate everything from Amtrak to monetary policy, while reinvigorating the Third Sector (nonprofits) and forming a Ministry of Truth to police all claims, and only claims, made by governments, government officials, and politicians.” ~ Robert E. Wright
-
•
Black American Identity, Family, and Religion: An Interview with Glenn Loury
“Racial disparity is really only a derivative result of the larger social abandonment of a set of norms which manifests itself most immediately and most severely in the African American population, but which really is a larger question for all Americans.” ~ Glenn Loury & Alexander Riley
-
•
Assessing Risks Accurately Requires Accurate Information
“Each of us in our private lives has strong incentives to make these assessments correctly, for if we don’t, we personally suffer. Politicians and bureaucrats, in contrast, not only do not personally suffer if they impose excessive precautions, they are often lauded for doing so.” ~ Donald J. Boudreaux
-
•
Leave Me Alone and I’ll Make You Rich, Part 2
“If liberal society is to be preserved, there is no time to lose in attempting to shore up its philosophical foundations. Leave Me Alone is an estimable effort at doing that.” ~ George Leef
-
•
Private Payrolls Growth Stayed Strong in June
“Payroll gains remained solid in June, though there are mounting signs of easing in the labor market. Sustained price pressures, an intensifying Fed tightening cycle, and ongoing fallout from the Russian invasion of Ukraine are significant risks for the economy.” ~ Robert Hughes
-
•
Understanding “Underpaid” Workers
“Money ultimately comes from employees’ pockets, but they blame their employers instead of the government for reducing what they take home as a result. When workers say ‘I was robbed,’ they may be correct–but they finger the wrong suspect.” ~ Gary M. Galles
-
•
Politics Without Romance – Why the World Looks the Way It Does | Liberty Curious (Video)
“In this episode of Liberty Curious, AIER Senior Research Faculty Ryan Yonk joins Kate Wand to discuss Public Choice theory, which James Buchanan famously described as ‘politics without romance.’” ~ AIER
-
•
There Ought To Be a Law, or at Least a Regulation.
“When the busybodies at the FDA picture the impacts of their new regulations, they imagine that these interventions will save lives, reduce health consequences, and protect Americans. They imagine only the results they want, not the way people actually behave.” ~ Laura Williams