Daily Economy
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History Lessons: The Case Against Regulating ESG Ratings Agencies
“This history lesson strongly suggests to us that security regulators should refrain from endorsing any particular ESG metric. Sadly, security regulators around the world appear to be intent on repeating the mistakes made by the SEC in the 1970s.” ~ Robert E. Wright & Andrew Smith
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The Case For Diplomacy and Engagement Over Brinkmanship
“We must light the way with our example through engagement, trade, and a commitment to walking what we talk. With darkness and chaos on the rise in every corner of the globe, we must feed the flame of liberty and broadcast it across the night, not shut it off.” ~ Ethan Yang
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$9 Reading Glasses, $16 Sunscreen, and the Genius of Economic Growth
“‘Green’ is generally expensive. That’s ok, but we generally will only swallow big expenses like $16 sunscreen if we feel we have the means to swallow these expenses. In short, ‘green’ living and energy are most likely to thrive in a real market if and when Americans have the means to pay more for what’s…
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More Government Debt as Far as the Fiscal Eye Can See
“What is the ethics, James Buchanan asked, of a fiscal system under which incentives exist and come into play that enable the current generation of taxpayers and recipients of government programs to shift part of the burden to pay for them to future generations?” ~ Richard M. Ebeling
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The Invisible Hand Relies Upon Visible Prices
“Prices are among the visible results of the invisible hand’s successful operation, as well as the single most important source of this success. The market’s invisible hand, in short, alone makes possible – yet equally depends upon – visible market prices.” ~ Donald J. Boudreaux
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Consumer Confidence Remained Strong in July
“Consumer attitudes remained at favorable levels in July as easing government restrictions continue to boost economic activity and job prospects.” – Robert Hughes
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Biden’s Rescue Act Targets Americans’ Freedoms
“At some point, the federal government’s ability to carpet bomb citizens with free money will fizzle out. In the meantime, the biggest mistake Americans could make is to permit politicians to absolve themselves by giving away more of other people’s money.” ~ James Bovard
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A Conversation On Wall Street and Dangerous Monetary Policy
“On this episode of the Authors Corner, Ethan Yang sits down with former hedge fund manager and founder of Signals Matter, Matt Piepenburg, to discuss his book Rigged to Fail. Matt brings his years of experience in the financial industry and his academic scholarship to offer a nuanced discussion on financial markets and the Federal…
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The Race to Win Covidfinity
“It doesn’t much matter what the future ‘threat’ will look like, or how damaging the Delta or Epsilon variants currently seem. I’m afraid of Omega, the last letter of the Greek alphabet. Though, I don’t think it’ll be a string of a pretty lame coronavirus, but something considerably worse.” ~ Joakim Book
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Unemployment Over the Business Cycle
“Without significant monetary and regulatory reform, our recovery from the Covid-19 recession will not only not fix these negative conditions, but will only set up the U.S. for our next recession, one that will almost certainly be even more severe.” ~ Robert F. Mulligan
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•
History Lessons: The Case Against Regulating ESG Ratings Agencies
“This history lesson strongly suggests to us that security regulators should refrain from endorsing any particular ESG metric. Sadly, security regulators around the world appear to be intent on repeating the mistakes made by the SEC in the 1970s.” ~ Robert E. Wright & Andrew Smith
-
•
The Case For Diplomacy and Engagement Over Brinkmanship
“We must light the way with our example through engagement, trade, and a commitment to walking what we talk. With darkness and chaos on the rise in every corner of the globe, we must feed the flame of liberty and broadcast it across the night, not shut it off.” ~ Ethan Yang
-
•
$9 Reading Glasses, $16 Sunscreen, and the Genius of Economic Growth
“‘Green’ is generally expensive. That’s ok, but we generally will only swallow big expenses like $16 sunscreen if we feel we have the means to swallow these expenses. In short, ‘green’ living and energy are most likely to thrive in a real market if and when Americans have the means to pay more for what’s…
-
•
More Government Debt as Far as the Fiscal Eye Can See
“What is the ethics, James Buchanan asked, of a fiscal system under which incentives exist and come into play that enable the current generation of taxpayers and recipients of government programs to shift part of the burden to pay for them to future generations?” ~ Richard M. Ebeling
-
•
The Invisible Hand Relies Upon Visible Prices
“Prices are among the visible results of the invisible hand’s successful operation, as well as the single most important source of this success. The market’s invisible hand, in short, alone makes possible – yet equally depends upon – visible market prices.” ~ Donald J. Boudreaux
-
•
Consumer Confidence Remained Strong in July
“Consumer attitudes remained at favorable levels in July as easing government restrictions continue to boost economic activity and job prospects.” – Robert Hughes
-
•
Biden’s Rescue Act Targets Americans’ Freedoms
“At some point, the federal government’s ability to carpet bomb citizens with free money will fizzle out. In the meantime, the biggest mistake Americans could make is to permit politicians to absolve themselves by giving away more of other people’s money.” ~ James Bovard
-
•
A Conversation On Wall Street and Dangerous Monetary Policy
“On this episode of the Authors Corner, Ethan Yang sits down with former hedge fund manager and founder of Signals Matter, Matt Piepenburg, to discuss his book Rigged to Fail. Matt brings his years of experience in the financial industry and his academic scholarship to offer a nuanced discussion on financial markets and the Federal…
-
•
The Race to Win Covidfinity
“It doesn’t much matter what the future ‘threat’ will look like, or how damaging the Delta or Epsilon variants currently seem. I’m afraid of Omega, the last letter of the Greek alphabet. Though, I don’t think it’ll be a string of a pretty lame coronavirus, but something considerably worse.” ~ Joakim Book
-
•
Unemployment Over the Business Cycle
“Without significant monetary and regulatory reform, our recovery from the Covid-19 recession will not only not fix these negative conditions, but will only set up the U.S. for our next recession, one that will almost certainly be even more severe.” ~ Robert F. Mulligan