Daily Economy
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FDA’s Non Solution
“HACCP is not a solution; it’s an instruction to find a solution. In this case, water contamination on farms, the FDA should admit it doesn’t have a solution. Sometimes, that’s the answer and the best possible thing they can do is to do nothing.” ~ Richard Williams
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Understanding GDP
“GDP is a crude measure of economic performance, but it captures a tremendous amount of information in a single number. It provides a one-dimensional measure of the output of a complex and multidimensional modern exchange economy.” ~ Robert F. Mulligan
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On Skepticism of Covid-19 Vaccines
“Vaccination against Covid is insisted upon with the same fervor that religious zealots exhibited centuries ago when insisting upon the truths of their particular dogmas. Sensible people are naturally suspicious of such dogmatism and will resist becoming its victims.” ~ Donald J. Boudreaux
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Capital v Labor: The Great Decoupling
“The most seasoned enemies of capitalism are going to have to search for another narrative since the narrative of the Great Decoupling and the growing power of capital over labor lacks empirical and theoretical support.” ~ Daniel Fernández
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CDC Spreads Misinformation on Masking, Not Science
“The American people are being misled, and they know it. Their trust in the CDC is falling. The CDC’s actions have completely bewildered the American people. If it continues down this road, it will only erode what little credibility it has left.” ~ David Waugh & Amelia Janaskie
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Missed it by That Much: Where the Fed’s Digital Currency Proposal Goes Wrong
“Whereas the sCBDC plan allows for numerous, entirely distinct retail digital currencies, the Fed’s iCBDC plan provides for a single digital currency only, albeit one offered at and administered by numerous private-sector firms.” ~ George Selgin
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Covid-19’s Ratchet Effect is Becoming Endemic
“Crises end, but newly designated powers and increased budgets governments receive throughout seldom end with them. Instead, government power exhibits a ratchet effect, never diminishing to pre-crisis levels.” ~ Raymond J. March
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A Review of Weber’s Bureaucratic Method and Why Today’s Bureaucrats Should Take Note
“While organizations today would likely be stunted by Weber’s assertions for rules and rigidity, political pundits may be kept better in line and on task if they were to be managed properly in structural reform and with a hefty amount of accountability.” ~ Kimberlee Josephson
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Lessons from the Tokugawa Shogunate 1603 – 1868
“The impact of the Shogunate was one of stability and unification over the course of the 1600s. The Shogunate established peace and stability after a period of destructive civil war, which in turn allowed commerce and domestic industry to flourish.” ~ Robert F. Mulligan
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What Can Hayek Say About Public Health?
“Public health as art, following Hayek, becomes a social science, or the study of how people make choices based on their values and tacit knowledge, how they interact with others, and how those behaviors and interactions influence health.” ~ Byron B. Carson III
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•
FDA’s Non Solution
“HACCP is not a solution; it’s an instruction to find a solution. In this case, water contamination on farms, the FDA should admit it doesn’t have a solution. Sometimes, that’s the answer and the best possible thing they can do is to do nothing.” ~ Richard Williams
-
•
Understanding GDP
“GDP is a crude measure of economic performance, but it captures a tremendous amount of information in a single number. It provides a one-dimensional measure of the output of a complex and multidimensional modern exchange economy.” ~ Robert F. Mulligan
-
•
On Skepticism of Covid-19 Vaccines
“Vaccination against Covid is insisted upon with the same fervor that religious zealots exhibited centuries ago when insisting upon the truths of their particular dogmas. Sensible people are naturally suspicious of such dogmatism and will resist becoming its victims.” ~ Donald J. Boudreaux
-
•
Capital v Labor: The Great Decoupling
“The most seasoned enemies of capitalism are going to have to search for another narrative since the narrative of the Great Decoupling and the growing power of capital over labor lacks empirical and theoretical support.” ~ Daniel Fernández
-
•
CDC Spreads Misinformation on Masking, Not Science
“The American people are being misled, and they know it. Their trust in the CDC is falling. The CDC’s actions have completely bewildered the American people. If it continues down this road, it will only erode what little credibility it has left.” ~ David Waugh & Amelia Janaskie
-
•
Missed it by That Much: Where the Fed’s Digital Currency Proposal Goes Wrong
“Whereas the sCBDC plan allows for numerous, entirely distinct retail digital currencies, the Fed’s iCBDC plan provides for a single digital currency only, albeit one offered at and administered by numerous private-sector firms.” ~ George Selgin
-
•
Covid-19’s Ratchet Effect is Becoming Endemic
“Crises end, but newly designated powers and increased budgets governments receive throughout seldom end with them. Instead, government power exhibits a ratchet effect, never diminishing to pre-crisis levels.” ~ Raymond J. March
-
•
A Review of Weber’s Bureaucratic Method and Why Today’s Bureaucrats Should Take Note
“While organizations today would likely be stunted by Weber’s assertions for rules and rigidity, political pundits may be kept better in line and on task if they were to be managed properly in structural reform and with a hefty amount of accountability.” ~ Kimberlee Josephson
-
•
Lessons from the Tokugawa Shogunate 1603 – 1868
“The impact of the Shogunate was one of stability and unification over the course of the 1600s. The Shogunate established peace and stability after a period of destructive civil war, which in turn allowed commerce and domestic industry to flourish.” ~ Robert F. Mulligan
-
•
What Can Hayek Say About Public Health?
“Public health as art, following Hayek, becomes a social science, or the study of how people make choices based on their values and tacit knowledge, how they interact with others, and how those behaviors and interactions influence health.” ~ Byron B. Carson III