Daily Economy
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The True Cost of ‘Medicare for All’
“The ultimate goal of Democratic lawmakers is Medicare for All. It’s hard to imagine a model with higher costs. If they’re successful, crisis standards of care will become the norm all over the United States.” ~ Sally C. Pipes
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Not Hyperinflation, but Plenty Bad Enough
“We see the seeds of this already in the intellectually bankrupt Modern Monetary Theory. MMT boils down to a simple policy prescription: politicians should feel free to print as much money as they want. That’s a recipe for hyperinflation.” ~ Antony Davies
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Private-Sector Job Openings Rose in October While Quits Eased; Both Remain Very High
“Job openings and quits remained very high in October. Enticing people back to work would help ease supply problems and reduce upward pressure on prices.” ~ Robert Hughes
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Laws, Sausages, and Land-Grants
“The history of these schools is so complicated and idiosyncratic that it provides a fertile field for understanding how history moves forward (in time, not necessarily making progress).” ~ Jane Shaw Stroup
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“Omicron” Means Enough!
“How long will we allow variants to be exploited to maintain a permanent Covidocracy? It’s time for this to end. We need to give this variant a new Greek alphabet name: Omega. As in ‘The last.'” ~ Michael S. Fumento
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The Myth of “Adjunctification” and Disappearing Tenure in Higher Ed
“These data paint an unambiguous reality that collides with FIRE’s narrative. The adjunctification of higher ed is an empirical myth, and the benefits of tenure are exaggerated in relation to its unseen costs.” ~ Phillip W. Magness
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Will Biden’s Covid Mandates Be an Economic Multiplier?
“New mandates might temporarily boost Biden’s popularity (especially with the media) but will leave citizens less free. And the federal record since early 2020 does nothing to inspire confidence that further episodes of Pandemic Security Theater will keep us safe.” ~ James Bovard
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Stablecoin Regulation
“All the risks that accompany the danger of overregulation like rent-seeking and regulatory capture is magnified in the event of regulatory failure.” ~ Donovan Choy & Joakim Book
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Adam Smith on Self-Deceit
“Bad men sustain delusions to deny their self-deceptions. Smithian liberalism limits the evils that delusional men can wreak, and it tends to contest and correct their delusions in the first instance.” ~ Daniel B. Klein
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On Hayek’s “Kinds of Order in Society,” Part I
“In ‘Kinds of Order in Society,’ Hayek identified two categorically different kinds of orders – ‘spontaneous orders’ and ‘organizations’ – that are both common and useful to humans.” ~ Donald J. Boudreaux
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•
The True Cost of ‘Medicare for All’
“The ultimate goal of Democratic lawmakers is Medicare for All. It’s hard to imagine a model with higher costs. If they’re successful, crisis standards of care will become the norm all over the United States.” ~ Sally C. Pipes
-
•
Not Hyperinflation, but Plenty Bad Enough
“We see the seeds of this already in the intellectually bankrupt Modern Monetary Theory. MMT boils down to a simple policy prescription: politicians should feel free to print as much money as they want. That’s a recipe for hyperinflation.” ~ Antony Davies
-
•
Private-Sector Job Openings Rose in October While Quits Eased; Both Remain Very High
“Job openings and quits remained very high in October. Enticing people back to work would help ease supply problems and reduce upward pressure on prices.” ~ Robert Hughes
-
•
Laws, Sausages, and Land-Grants
“The history of these schools is so complicated and idiosyncratic that it provides a fertile field for understanding how history moves forward (in time, not necessarily making progress).” ~ Jane Shaw Stroup
-
•
“Omicron” Means Enough!
“How long will we allow variants to be exploited to maintain a permanent Covidocracy? It’s time for this to end. We need to give this variant a new Greek alphabet name: Omega. As in ‘The last.'” ~ Michael S. Fumento
-
•
The Myth of “Adjunctification” and Disappearing Tenure in Higher Ed
“These data paint an unambiguous reality that collides with FIRE’s narrative. The adjunctification of higher ed is an empirical myth, and the benefits of tenure are exaggerated in relation to its unseen costs.” ~ Phillip W. Magness
-
•
Will Biden’s Covid Mandates Be an Economic Multiplier?
“New mandates might temporarily boost Biden’s popularity (especially with the media) but will leave citizens less free. And the federal record since early 2020 does nothing to inspire confidence that further episodes of Pandemic Security Theater will keep us safe.” ~ James Bovard
-
•
Stablecoin Regulation
“All the risks that accompany the danger of overregulation like rent-seeking and regulatory capture is magnified in the event of regulatory failure.” ~ Donovan Choy & Joakim Book
-
•
Adam Smith on Self-Deceit
“Bad men sustain delusions to deny their self-deceptions. Smithian liberalism limits the evils that delusional men can wreak, and it tends to contest and correct their delusions in the first instance.” ~ Daniel B. Klein
-
•
On Hayek’s “Kinds of Order in Society,” Part I
“In ‘Kinds of Order in Society,’ Hayek identified two categorically different kinds of orders – ‘spontaneous orders’ and ‘organizations’ – that are both common and useful to humans.” ~ Donald J. Boudreaux