Daily Economy
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Smithian and Anti-Smithian Economists
“Smithian economists make their livings by exposing the many economic fallacies embraced by the man-in-the-street and peddled by vote-hungry politicians and click-crazy pundits. These economists will never want for work.” ~ Donald J. Boudreaux
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A Perfect Storm of Incentives
“As Omicron looms, and as surely as Pi, Rho, and Sigma will follow, voters should meet their fears with reason, view the media with a skeptical eye, and demand that politicians discuss tradeoffs openly and honestly.” ~ Antony Davies
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Covid and Corrupt Federal Statistics
“Bureaucracies conspire against admitting their failures, and politicians often rig reporting requirements to hide the damage their laws inflict. Anyone who has blind faith in federal data is unfit to judge public policy in the real world.” ~ James Bovard
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Individualism Rightly Understood
“Mises’ central moral claim is that the public welfare cannot be respected without a methodology that respects all as individuals, and that socialism will inevitably destroy the individual.” ~ Garreth Bloor
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The Only Question That Matters: Is It Correct?
“We fool ourselves that our arguments follow ethnic, sex, or demographic lines in what amounts to a wholly unscientific collapse into untethered subjectivity. By concerning ourselves with financial or structural bias, we chip away at the idea of objective reality.” ~ Joakim Book
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Paul Volcker, the Fed, and ‘Tight Credit.’ The Myth That Won’t Die.
“It’s no surprise that economic types want to believe all good things run through central planners, but readers of political and economic commentary would be wise to be skeptical. The Fed’s power is well overstated.” ~ John Tamny
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Three Signs You’re Not Actually a Socialist
“You may not find yourself worshiping at the altar of capitalism, but if you like iPhones, comparison shopping, and merit-based pay, you’re probably not a socialist.” ~ Albert Eisenberg
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In Memoriam: Henry J. Miller III
“We celebrate the man, Doc Miller, whose spirit in no small part animated the American Institute for Economic Research for the last two decades.” ~ AIER
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The War on Christmas?
“Asking the state to celebrate the holiday is no less hostile to freedom than is asking the state to prohibit its celebration. Christmas is, after all, a celebration. And the last thing anyone should want is the government showing up at the festivities.” ~ James R. Harrigan & Antony Davies
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A Bergeron Christmas
“The story of Harrison Bergeron should remind Americans that individuals can never achieve equity if the state is powerful enough to enforce equality of outcomes. Like the pigs in Animal Farm, the enforcers will always remain ‘more equal’ than the others.” ~ Robert E. Wright
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Smithian and Anti-Smithian Economists
“Smithian economists make their livings by exposing the many economic fallacies embraced by the man-in-the-street and peddled by vote-hungry politicians and click-crazy pundits. These economists will never want for work.” ~ Donald J. Boudreaux
-
•
A Perfect Storm of Incentives
“As Omicron looms, and as surely as Pi, Rho, and Sigma will follow, voters should meet their fears with reason, view the media with a skeptical eye, and demand that politicians discuss tradeoffs openly and honestly.” ~ Antony Davies
-
•
Covid and Corrupt Federal Statistics
“Bureaucracies conspire against admitting their failures, and politicians often rig reporting requirements to hide the damage their laws inflict. Anyone who has blind faith in federal data is unfit to judge public policy in the real world.” ~ James Bovard
-
•
Individualism Rightly Understood
“Mises’ central moral claim is that the public welfare cannot be respected without a methodology that respects all as individuals, and that socialism will inevitably destroy the individual.” ~ Garreth Bloor
-
•
The Only Question That Matters: Is It Correct?
“We fool ourselves that our arguments follow ethnic, sex, or demographic lines in what amounts to a wholly unscientific collapse into untethered subjectivity. By concerning ourselves with financial or structural bias, we chip away at the idea of objective reality.” ~ Joakim Book
-
•
Paul Volcker, the Fed, and ‘Tight Credit.’ The Myth That Won’t Die.
“It’s no surprise that economic types want to believe all good things run through central planners, but readers of political and economic commentary would be wise to be skeptical. The Fed’s power is well overstated.” ~ John Tamny
-
•
Three Signs You’re Not Actually a Socialist
“You may not find yourself worshiping at the altar of capitalism, but if you like iPhones, comparison shopping, and merit-based pay, you’re probably not a socialist.” ~ Albert Eisenberg
-
•
In Memoriam: Henry J. Miller III
“We celebrate the man, Doc Miller, whose spirit in no small part animated the American Institute for Economic Research for the last two decades.” ~ AIER
-
•
The War on Christmas?
“Asking the state to celebrate the holiday is no less hostile to freedom than is asking the state to prohibit its celebration. Christmas is, after all, a celebration. And the last thing anyone should want is the government showing up at the festivities.” ~ James R. Harrigan & Antony Davies
-
•
A Bergeron Christmas
“The story of Harrison Bergeron should remind Americans that individuals can never achieve equity if the state is powerful enough to enforce equality of outcomes. Like the pigs in Animal Farm, the enforcers will always remain ‘more equal’ than the others.” ~ Robert E. Wright