Daily Economy
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Consumer Confidence Ticked Up in December
“Consumer expectations improved in December, boosting overall consumer confidence. Continued expansion remains the likely course, but threats from waves of new Covid cases remain elevated.” ~ Robert Hughes
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The Covid Squid Lottery Wire
“Apparently America’s political system is too flawed to develop and implement workable, rational policies, leaving Americans to guess what might come next in the Covid squid lottery wire.” ~ Robert E. Wright
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The Federal Republic vs. Crony Capitalism
“Taylor believed the economic liberty and virtue of the independent farmer flourished only in a decentralized, republican, and constitutional order. Congress’s rhetoric of the glories gained from governmental intervention threatened that order.” ~ Aaron N. Coleman
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Trump, Covid, and Despotism
“Observing the expansion over the past two years of the biosecurity state, I detect enormous evil in what the vanguard of progressives incessantly works to do to liberal civilization.” ~ Donald J. Boudreaux
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The Fickle ‘Science’ of Lockdowns
“Why did public-health authorities abandon their opposition to lockdowns? Why did they rush to embrace the untested claims of flawed epidemiological modeling?” ~ Phillip W. Magness & Peter C. Earle
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TikTok Math Girl
“There’s a part of me that wonders how anybody can use an iPhone to record herself and then share the recording with the entire world and not appreciate how tremendously better life is because of the advance of math, science and technology.” ~ Clifford F. Thies
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Adam Smith’s Economic Case against Imperialism
“Adam Smith predicted that the nation that would arise from those colonies would become the most powerful nation in the world. On top of all this, Smith made a terse but passionate defense of economic freedom.” ~ David R. Henderson
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Why This Year’s Nobel Prize in Economics Changes Nothing on the Minimum Wage Debate
“The two Card and Krueger studies have major issues, and they do not support the narrative in favor of minimum wage laws. Yet, as expected, this has not stopped many from using this paper in the classroom for teaching the effects of minimum wages on unemployment.” ~ Klajdi Bregu
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Nirvana and the Theory of the Firm
“Over and over, people, including many economists, have misunderstood issues such as these when evaluating real world firms through the combination of simplifying assumptions that make real issues disappear and a failure to apply the self-interest test.” ~ Gary M. Galles
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On Price and Output Volatility: How Bad is Bitcoin’s Flaw?
“The working arrangements of a new generation of freelancing nomads are keen on and capable of handling the discrepancies between many currencies’ relative purchasing power, crypto or old-school.” ~ Joakim Book
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•
Consumer Confidence Ticked Up in December
“Consumer expectations improved in December, boosting overall consumer confidence. Continued expansion remains the likely course, but threats from waves of new Covid cases remain elevated.” ~ Robert Hughes
-
•
The Covid Squid Lottery Wire
“Apparently America’s political system is too flawed to develop and implement workable, rational policies, leaving Americans to guess what might come next in the Covid squid lottery wire.” ~ Robert E. Wright
-
•
The Federal Republic vs. Crony Capitalism
“Taylor believed the economic liberty and virtue of the independent farmer flourished only in a decentralized, republican, and constitutional order. Congress’s rhetoric of the glories gained from governmental intervention threatened that order.” ~ Aaron N. Coleman
-
•
Trump, Covid, and Despotism
“Observing the expansion over the past two years of the biosecurity state, I detect enormous evil in what the vanguard of progressives incessantly works to do to liberal civilization.” ~ Donald J. Boudreaux
-
•
The Fickle ‘Science’ of Lockdowns
“Why did public-health authorities abandon their opposition to lockdowns? Why did they rush to embrace the untested claims of flawed epidemiological modeling?” ~ Phillip W. Magness & Peter C. Earle
-
•
TikTok Math Girl
“There’s a part of me that wonders how anybody can use an iPhone to record herself and then share the recording with the entire world and not appreciate how tremendously better life is because of the advance of math, science and technology.” ~ Clifford F. Thies
-
•
Adam Smith’s Economic Case against Imperialism
“Adam Smith predicted that the nation that would arise from those colonies would become the most powerful nation in the world. On top of all this, Smith made a terse but passionate defense of economic freedom.” ~ David R. Henderson
-
•
Why This Year’s Nobel Prize in Economics Changes Nothing on the Minimum Wage Debate
“The two Card and Krueger studies have major issues, and they do not support the narrative in favor of minimum wage laws. Yet, as expected, this has not stopped many from using this paper in the classroom for teaching the effects of minimum wages on unemployment.” ~ Klajdi Bregu
-
•
Nirvana and the Theory of the Firm
“Over and over, people, including many economists, have misunderstood issues such as these when evaluating real world firms through the combination of simplifying assumptions that make real issues disappear and a failure to apply the self-interest test.” ~ Gary M. Galles
-
•
On Price and Output Volatility: How Bad is Bitcoin’s Flaw?
“The working arrangements of a new generation of freelancing nomads are keen on and capable of handling the discrepancies between many currencies’ relative purchasing power, crypto or old-school.” ~ Joakim Book