Daily Economy
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Why Size Matters, Dependency Debilitates, and Markets Must Be Left Alone
“Let’s bring on the capitalists who can promote value creation and who can champion the virtues of voluntary exchange, since this will allow for not only a rebound but a rebirth of the American economic system.” ~ Kimberlee Josephson
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Antonio Martino: A Legacy of Liberalism
“He always encouraged and appreciated people who were, so to say, “classical liberal extremists” (including, a long time ago, the present writer). His favorite political philosopher was Anthony de Jasay, whose book The State he loved. That says something.” ~ Alberto Mingardi
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Rising Prices Boost Retail Sales in February
“Retail sales rose in February but fell after adjusting for prices. Ongoing labor and materials shortages, turmoil from the Russian invasion of Ukraine, and an impending Fed tightening cycle all raise risks for the outlook.” ~ Robert Hughes
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A Tale of Two Squeezes
“Securities and derivative exchanges are woefully far from free markets, worst of all when unrestrained pricing is needed most. And once again, the increasingly distant tendrils of pandemic policies are disrupting the present order, two years on.” ~ Peter C. Earle
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The Value of Federalism for Our Freedom
“Lovers of liberty and freedom need to rediscover the force of federalism in resisting the ever-growing reach of centralized political determination, which is tyranny, even if it is tyranny of the majority.” ~ Gary M. Galles
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Why Declare War?
“Due to overzealous delegation and the erosion of an important Constitutional check, people can die, the nation’s reputation can be sullied, and fortunes can be lost, or made, without the real democratic accountability afforded by formally declaring war.” ~ Robert E. Wright
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The CEO
“With such bizarre beliefs being so widespread, it’s no wonder that millions of Americans can listen to the likes of Joe Biden and think ‘Yeah! Our national government is in the hands of a competent CEO!’” ~ Donald J. Boudreaux
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After the Romanovs: A Review
“Read Rappaport’s excellent book to develop a better sense of why they did what they did, and what became of the people who helped shape the Russia of old. What a story.” ~ John Tamny
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Household Net Worth Hits a Record While Corporate Balance Sheets Improve
“Rising equity market values and surging home prices lifted aggregate household net worth to a new record in the final quarter of 2021 but is likely to suffer a setback in the first quarter of 2022 as equity prices plunge due to the Russian invasion of Ukraine.” – Robert Hughes
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New Research Rejects Piketty and Saez’s Rewrite of Economic History
“This development is significant because prominent policymakers rely on Piketty and Saez’s research to justify tax increases. These revisions must be taken into account by policymakers seeking to reduce inequality via tax policy.” ~ Amelia Janaskie & David Waugh
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•
Why Size Matters, Dependency Debilitates, and Markets Must Be Left Alone
“Let’s bring on the capitalists who can promote value creation and who can champion the virtues of voluntary exchange, since this will allow for not only a rebound but a rebirth of the American economic system.” ~ Kimberlee Josephson
-
•
Antonio Martino: A Legacy of Liberalism
“He always encouraged and appreciated people who were, so to say, “classical liberal extremists” (including, a long time ago, the present writer). His favorite political philosopher was Anthony de Jasay, whose book The State he loved. That says something.” ~ Alberto Mingardi
-
•
Rising Prices Boost Retail Sales in February
“Retail sales rose in February but fell after adjusting for prices. Ongoing labor and materials shortages, turmoil from the Russian invasion of Ukraine, and an impending Fed tightening cycle all raise risks for the outlook.” ~ Robert Hughes
-
•
A Tale of Two Squeezes
“Securities and derivative exchanges are woefully far from free markets, worst of all when unrestrained pricing is needed most. And once again, the increasingly distant tendrils of pandemic policies are disrupting the present order, two years on.” ~ Peter C. Earle
-
•
The Value of Federalism for Our Freedom
“Lovers of liberty and freedom need to rediscover the force of federalism in resisting the ever-growing reach of centralized political determination, which is tyranny, even if it is tyranny of the majority.” ~ Gary M. Galles
-
•
Why Declare War?
“Due to overzealous delegation and the erosion of an important Constitutional check, people can die, the nation’s reputation can be sullied, and fortunes can be lost, or made, without the real democratic accountability afforded by formally declaring war.” ~ Robert E. Wright
-
•
The CEO
“With such bizarre beliefs being so widespread, it’s no wonder that millions of Americans can listen to the likes of Joe Biden and think ‘Yeah! Our national government is in the hands of a competent CEO!’” ~ Donald J. Boudreaux
-
•
After the Romanovs: A Review
“Read Rappaport’s excellent book to develop a better sense of why they did what they did, and what became of the people who helped shape the Russia of old. What a story.” ~ John Tamny
-
•
Household Net Worth Hits a Record While Corporate Balance Sheets Improve
“Rising equity market values and surging home prices lifted aggregate household net worth to a new record in the final quarter of 2021 but is likely to suffer a setback in the first quarter of 2022 as equity prices plunge due to the Russian invasion of Ukraine.” – Robert Hughes
-
•
New Research Rejects Piketty and Saez’s Rewrite of Economic History
“This development is significant because prominent policymakers rely on Piketty and Saez’s research to justify tax increases. These revisions must be taken into account by policymakers seeking to reduce inequality via tax policy.” ~ Amelia Janaskie & David Waugh