Daily Economy
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Adam Smith, Capitation, and the Nonsense That Is the Proposed Wealth Tax
“While the economic implications of this proposal are sufficiently flimsy to discount its claimed purpose of revenue generation, the proposed wealth tax faces a greater obstacle to its adoption: it is blatantly unconstitutional.” ~ Phillip W. Magness
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Weekly Initial Claims for Unemployment Continue to Trend Lower
“Weekly initial claims for unemployment benefits continue to fall, hitting the lowest level of the recovery. The tight labor market and strong demand will likely keep claims at low levels.” ~ Robert Hughes
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Biden’s Plan to “Tax The Rich” Will Cost the Middle Class
“With huge budget deficits, all it would take would be some future crisis for this tax to look like a good option to policy makers. And once the rich are subject to the tax, you will be next.” ~ Randall G. Holcombe
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The FDA is Back and Coming after Smart Socks
“Considering the FDA regulates nearly 40 percent of all consumer products, its recent actions are a strong cause for concern. As a health economist, I’ll be monitoring the situation closely.” ~ Raymond J. March
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The Great Tax Gap Flap
“Americans do not want to return to the days when they deliberately overpaid their taxes in order to avoid a nasty audit. And certainly any hint that the IRS was auditing middle class Americans for partisan reasons would be revolutionary in more ways than one.” ~ Robert E. Wright
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Dopesick Resurrects an Opioid Narrative That Is ‘Neat, Plausible, and Wrong’
“Just when those responsible for our misguided opioid policy may be coming to this realization and reevaluating their approach, Hulu releases a miniseries aimed at stirring the passions that might breathe new life into the false and failing narrative.” ~ Jeffrey A. Singer
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Diversity, Equity, and Inclusion in the Economics Classroom
“Critics worry that DEI initiatives will lead to watered down, therapeutic curricula, but the DEI push is a great time for economics (and economists!) to shine in the classroom with hard-headed but soft-hearted analysis.” ~ Art Carden
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Negative Interest Rates and the ECB’s Brave New Credit World
“The widely negative real interest rates, which have already been a reality in some segments of the European capital markets, might foreshadow this loss of welfare for the European people.” ~ Gunther Schnabl & Nils Sonnenberg
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Government Jobs for All?
“Production requires real work, not government make-work jobs. By diverting millions out of productive private sector jobs, the MMT jobs guarantee seems guaranteed to impoverish America.” ~ Daniel J. Sutter
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J&J Isn’t the Bad Guy in the Talcum Tort Transfer
“The HHS National Toxicology Program doesn’t list talc as a cause of human cancer. The Cancer Council of Western Australia goes so far as to call any link between talc and cancer, and specifically talc and ovarian cancer, ‘a myth.'” ~ Michael Fumento
-
•
Adam Smith, Capitation, and the Nonsense That Is the Proposed Wealth Tax
“While the economic implications of this proposal are sufficiently flimsy to discount its claimed purpose of revenue generation, the proposed wealth tax faces a greater obstacle to its adoption: it is blatantly unconstitutional.” ~ Phillip W. Magness
-
•
Weekly Initial Claims for Unemployment Continue to Trend Lower
“Weekly initial claims for unemployment benefits continue to fall, hitting the lowest level of the recovery. The tight labor market and strong demand will likely keep claims at low levels.” ~ Robert Hughes
-
•
Biden’s Plan to “Tax The Rich” Will Cost the Middle Class
“With huge budget deficits, all it would take would be some future crisis for this tax to look like a good option to policy makers. And once the rich are subject to the tax, you will be next.” ~ Randall G. Holcombe
-
•
The FDA is Back and Coming after Smart Socks
“Considering the FDA regulates nearly 40 percent of all consumer products, its recent actions are a strong cause for concern. As a health economist, I’ll be monitoring the situation closely.” ~ Raymond J. March
-
•
The Great Tax Gap Flap
“Americans do not want to return to the days when they deliberately overpaid their taxes in order to avoid a nasty audit. And certainly any hint that the IRS was auditing middle class Americans for partisan reasons would be revolutionary in more ways than one.” ~ Robert E. Wright
-
•
Dopesick Resurrects an Opioid Narrative That Is ‘Neat, Plausible, and Wrong’
“Just when those responsible for our misguided opioid policy may be coming to this realization and reevaluating their approach, Hulu releases a miniseries aimed at stirring the passions that might breathe new life into the false and failing narrative.” ~ Jeffrey A. Singer
-
•
Diversity, Equity, and Inclusion in the Economics Classroom
“Critics worry that DEI initiatives will lead to watered down, therapeutic curricula, but the DEI push is a great time for economics (and economists!) to shine in the classroom with hard-headed but soft-hearted analysis.” ~ Art Carden
-
•
Negative Interest Rates and the ECB’s Brave New Credit World
“The widely negative real interest rates, which have already been a reality in some segments of the European capital markets, might foreshadow this loss of welfare for the European people.” ~ Gunther Schnabl & Nils Sonnenberg
-
•
Government Jobs for All?
“Production requires real work, not government make-work jobs. By diverting millions out of productive private sector jobs, the MMT jobs guarantee seems guaranteed to impoverish America.” ~ Daniel J. Sutter
-
•
J&J Isn’t the Bad Guy in the Talcum Tort Transfer
“The HHS National Toxicology Program doesn’t list talc as a cause of human cancer. The Cancer Council of Western Australia goes so far as to call any link between talc and cancer, and specifically talc and ovarian cancer, ‘a myth.'” ~ Michael Fumento