Daily Economy
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America’s Medici Moment?
“And thus corporations are led, by an invisible hand, to promote an end which was no part of their intention, the simultaneous enrichment of themselves and empowerment of party partisans.” ~ Robert E. Wright
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Stronger, More Robust Natural Immunity Thwarts Any Case for “Vaccine Passports”
“Even taken on their own merits, these prohibitions amount to nothing more than a coin flip against each and every person turned away. Considered in full, they are cruel, discriminatory, and ultimately self-defeating.” ~ Jon Sanders
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The Perennial Panacea of Universal National Service: North Korea Shows the Way
“Compassion cannot be coerced. To have moral meaning, service must be voluntary. It is vital that Americans keep the ‘mandatory’ and ‘national’ out of service. ~ Doug Bandow
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Weekly Initial Claims for Unemployment Benefits Fall to the Lowest Level Since March 2020
“Weekly initial claims for unemployment benefits fell to a new pandemic low. A tight labor market and a record number of open jobs should help drive initial claims lower, but waves of new Covid cases will continue to disrupt economic activity.” – Robert Hughes
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The Radical Message of Economics Well-Learned
“I’ve no complaint against economists who craft their public messages in order to avoid a loss of audience. But I do worry that these efforts subtly create in the minds of many such economists unwarranted doubts about the merits of laissez faire.” ~ Donald J. Boudreaux
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El Salvador’s Bitcoin Introduction Hits Early Snags
“Other nations would be well advised to use El Salvador’s missteps as a guide for their own such attempts. And to suffuse their embrace of crypto beyond considerations of technology, observing its fundamentally libertarian spirit as well.” ~ Peter C. Earle
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Job Openings Hit Another Record High in July
“Job openings hit another record high in July but the weaker-than-expected August jobs report and surging new Covid cases are clouding the economic outlook.” – Robert Hughes
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New Jersey: Yet Another Reminder of How Good Americans Have It
“At the very least it’s a reminder that a bad day in the United States is an amazing day most anywhere else. People are in love with what we dismiss. When we lament what’s spectacular we’re just acting spoiled.” ~ John Tamny
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Dangerous Demographics in the Monthly Labor Summary
“We’re outside the range of the ‘full employment’ unemployment rate. The economy is, as many people sense, not as good as the official statistics say.” ~ Clifford F. Thies
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Markets Already Internalize Externalities
“What’s so fascinating about this instance is that the economist corps already knows this: markets internalize externalities – by land value, by selection, by trade-off along other margins that matter to people.” ~ Joakim Book
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•
America’s Medici Moment?
“And thus corporations are led, by an invisible hand, to promote an end which was no part of their intention, the simultaneous enrichment of themselves and empowerment of party partisans.” ~ Robert E. Wright
-
•
Stronger, More Robust Natural Immunity Thwarts Any Case for “Vaccine Passports”
“Even taken on their own merits, these prohibitions amount to nothing more than a coin flip against each and every person turned away. Considered in full, they are cruel, discriminatory, and ultimately self-defeating.” ~ Jon Sanders
-
•
The Perennial Panacea of Universal National Service: North Korea Shows the Way
“Compassion cannot be coerced. To have moral meaning, service must be voluntary. It is vital that Americans keep the ‘mandatory’ and ‘national’ out of service. ~ Doug Bandow
-
•
Weekly Initial Claims for Unemployment Benefits Fall to the Lowest Level Since March 2020
“Weekly initial claims for unemployment benefits fell to a new pandemic low. A tight labor market and a record number of open jobs should help drive initial claims lower, but waves of new Covid cases will continue to disrupt economic activity.” – Robert Hughes
-
•
The Radical Message of Economics Well-Learned
“I’ve no complaint against economists who craft their public messages in order to avoid a loss of audience. But I do worry that these efforts subtly create in the minds of many such economists unwarranted doubts about the merits of laissez faire.” ~ Donald J. Boudreaux
-
•
El Salvador’s Bitcoin Introduction Hits Early Snags
“Other nations would be well advised to use El Salvador’s missteps as a guide for their own such attempts. And to suffuse their embrace of crypto beyond considerations of technology, observing its fundamentally libertarian spirit as well.” ~ Peter C. Earle
-
•
Job Openings Hit Another Record High in July
“Job openings hit another record high in July but the weaker-than-expected August jobs report and surging new Covid cases are clouding the economic outlook.” – Robert Hughes
-
•
New Jersey: Yet Another Reminder of How Good Americans Have It
“At the very least it’s a reminder that a bad day in the United States is an amazing day most anywhere else. People are in love with what we dismiss. When we lament what’s spectacular we’re just acting spoiled.” ~ John Tamny
-
•
Dangerous Demographics in the Monthly Labor Summary
“We’re outside the range of the ‘full employment’ unemployment rate. The economy is, as many people sense, not as good as the official statistics say.” ~ Clifford F. Thies
-
•
Markets Already Internalize Externalities
“What’s so fascinating about this instance is that the economist corps already knows this: markets internalize externalities – by land value, by selection, by trade-off along other margins that matter to people.” ~ Joakim Book