Daily Economy
-
•
Time for Washington to Stop Sanctioning the World: US Arrogance Leaves Trail of Innocent Victims Behind
“America’s sanctions policy is both costly and cruel, with the gains rarely worth the resulting human harm. The Biden administration should review current policy and sharply limit the use of economic sanctions.” ~ Doug Bandow
-
•
Five College Campus Myths
“Many college students and young people are remarkably receptive to economic theory, but lack the experience with mainline economic education and research to come to sound economic conclusions on their own.” ~ David Gillette & Lauren Frazier
-
•
Pennsylvania’s Road to Serfdom (and Freedom’s to Perdition)
“Pennsylvania’s updated ‘climate action plan,’ as were all previous plans, is a recipe for economic disaster and society’s mutual demise. Never has such ‘forward thinking’ been so utterly backward and ignorant.” ~ Colin McNickle
-
•
Capital Accumulation and the Reconciliation Package
“Misguided tax hikes on businesses and individuals that discourage saving and diminish funds for private investment must be avoided. Neglecting this legislation’s adverse impact on capital accumulation means robbing future prosperity for the sake of the present social ends.” ~ Theodore A. Gebhard
-
•
Job Openings Fell in August but Remain Extremely High
“Job openings fell back slightly from a record high but quits remain elevated as workers take advantage of favorable labor conditions. Overall, the outlook is for continued recovery but the threats and headwinds to growth remain significant.” – Robert Hughes
-
•
Eyes on the Politicized Prize
“We may conclusively establish that the monopsony scenario of the minimum wage was directly anticipated and discussed by economists for decades before Card and Krueger’s paper.” ~ Phillip W. Magness
-
•
What Are the Nobel Journalists Doing?
“I’m always surprised at the unbelievably poor quality of questions journalists pose to the newly minted laureates. The profession of the Fourth Estate is indeed in hopeless decline; nowhere is this as clear as in watching the econ Nobel be announced.” ~ Joakim Book
-
•
The IMF Should Be Eliminated, Not Expanded
“There are many good economists who work for the IMF and they often produce high-quality research. Sadly, their sensible analysis doesn’t seem to have any impact on the decisions of the organization’s top bureaucrats.” ~ Daniel J. Mitchell
-
•
Malthusian Misanthropy
“Perhaps the most baleful feature of this benign man’s theory is the scarcity mentality it both posits and reinforces, and which has crept into contemporary thinking in biology, environmentalism, and economics.” ~ Richard Gunderman
-
•
Security Theatre and Covering One’s Buttocks
“People still believe the erroneous and absurdly exaggerated fears that our political and journalistic merchants of fear released a year-and-a-half ago. How long we’ll carry the mistakes of Covid is anybody’s guess, but we’ll play a lot of security theatre until then.” ~ Joakim Book
-
•
Time for Washington to Stop Sanctioning the World: US Arrogance Leaves Trail of Innocent Victims Behind
“America’s sanctions policy is both costly and cruel, with the gains rarely worth the resulting human harm. The Biden administration should review current policy and sharply limit the use of economic sanctions.” ~ Doug Bandow
-
•
Five College Campus Myths
“Many college students and young people are remarkably receptive to economic theory, but lack the experience with mainline economic education and research to come to sound economic conclusions on their own.” ~ David Gillette & Lauren Frazier
-
•
Pennsylvania’s Road to Serfdom (and Freedom’s to Perdition)
“Pennsylvania’s updated ‘climate action plan,’ as were all previous plans, is a recipe for economic disaster and society’s mutual demise. Never has such ‘forward thinking’ been so utterly backward and ignorant.” ~ Colin McNickle
-
•
Capital Accumulation and the Reconciliation Package
“Misguided tax hikes on businesses and individuals that discourage saving and diminish funds for private investment must be avoided. Neglecting this legislation’s adverse impact on capital accumulation means robbing future prosperity for the sake of the present social ends.” ~ Theodore A. Gebhard
-
•
Job Openings Fell in August but Remain Extremely High
“Job openings fell back slightly from a record high but quits remain elevated as workers take advantage of favorable labor conditions. Overall, the outlook is for continued recovery but the threats and headwinds to growth remain significant.” – Robert Hughes
-
•
Eyes on the Politicized Prize
“We may conclusively establish that the monopsony scenario of the minimum wage was directly anticipated and discussed by economists for decades before Card and Krueger’s paper.” ~ Phillip W. Magness
-
•
What Are the Nobel Journalists Doing?
“I’m always surprised at the unbelievably poor quality of questions journalists pose to the newly minted laureates. The profession of the Fourth Estate is indeed in hopeless decline; nowhere is this as clear as in watching the econ Nobel be announced.” ~ Joakim Book
-
•
The IMF Should Be Eliminated, Not Expanded
“There are many good economists who work for the IMF and they often produce high-quality research. Sadly, their sensible analysis doesn’t seem to have any impact on the decisions of the organization’s top bureaucrats.” ~ Daniel J. Mitchell
-
•
Malthusian Misanthropy
“Perhaps the most baleful feature of this benign man’s theory is the scarcity mentality it both posits and reinforces, and which has crept into contemporary thinking in biology, environmentalism, and economics.” ~ Richard Gunderman
-
•
Security Theatre and Covering One’s Buttocks
“People still believe the erroneous and absurdly exaggerated fears that our political and journalistic merchants of fear released a year-and-a-half ago. How long we’ll carry the mistakes of Covid is anybody’s guess, but we’ll play a lot of security theatre until then.” ~ Joakim Book