Daily Economy
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10 Reasons Why You Shouldn’t Call Leftists “Liberal”
“If we are to stand up for liberal civilization, we must first appreciate the great arc of liberalism—that is, the development of liberalism, beginning, say, with the printing press in the fifteenth century and its subsequent ups and downs, and across liberal civilization, not just the American scene.” ~ Daniel B. Klein
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The Asymmetry of Bitcoin Scams Is All Very Sad
“When losses come from risk-taking for which you stood to benefit, it’s not sad if you happened to lose. That was a possible outcome, and whether you properly understood it or not is beside the point. With Skin in the Game, there’s nothing sad about making losses.” ~ Joakim Book
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Why Government Lockdowns Mostly Harm the Poor
“These irresponsible government actions are especially acute and more harmful in developing countries and among the poor because most workers can’t afford to sacrifice weeks or perhaps months of income, only to be confined to what is effectively house arrest.” ~ Michael N. Peterson
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A Different Perspective on Cancel Culture
“Cancel culture may be such a controversial phrase that cannot be salvaged, but the idea that we should ostracize those who unjustly challenge the public order is necessary for a civil society.” ~ David Crego
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Owl Creek Bridge Redux?
“Sometimes I feel like the entire world is in its final throes as humanity’s storyline becomes increasingly surreal. Judging by how often I hear other people say ‘unbelievable,’ ‘beyond belief,’ or ‘incredible,’ many others seem to feel likewise.” ~ Robert E. Wright
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Existing-Home Sales Rise as Prices Hit a Record
“Existing-home sales rose slightly in June while record-high prices and changing preferences work to cool the recent pace of activity.” – Robert Hughes
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No Science Is Ever Settled
“If you think science is when people of authority agree, you’re not just naïve but heavily deluded. Stop venerating science in the singular and start embracing its core, plural, and contentious ethos: that plenty of people are wrong about almost everything, all the time. Even – perhaps especially – those with lots to lose.” ~…
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Weekly Initial Claims for Unemployment Benefits May Be Plateauing Again
“Weekly initial claims for unemployment benefits jumped in the latest week and may suggest a temporary plateau. A tight labor market and a record number of open jobs should continue to drive initial claims lower, but the Delta variant is increasing uncertainty.” – Robert Hughes
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Sanctions Against South Africa and the Cuban Embargo
“The sanctions undoubtedly had psychological and moral effects, just like the US embargo on Cuba. Neither Levy nor Lowenberg and Kaempfer–or any followup literature I’ve been able to find–thinks these effects have as much explanatory power as apartheid’s inefficiency, growing internal political opposition, and the fall of the Soviet Union.” ~ Art Carden
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Leveling Down to Utopia
“In such a ‘Utopia’ without love or art or individuality, what is left? Certainly not choice. The State manages all activities, from the propagation of the species (every spring, like cattle) to bathing, since unequal habits led to ‘two distinct classes, the Clean and the Dirty.'” ~ Caroline Breashears
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10 Reasons Why You Shouldn’t Call Leftists “Liberal”
“If we are to stand up for liberal civilization, we must first appreciate the great arc of liberalism—that is, the development of liberalism, beginning, say, with the printing press in the fifteenth century and its subsequent ups and downs, and across liberal civilization, not just the American scene.” ~ Daniel B. Klein
-
•
The Asymmetry of Bitcoin Scams Is All Very Sad
“When losses come from risk-taking for which you stood to benefit, it’s not sad if you happened to lose. That was a possible outcome, and whether you properly understood it or not is beside the point. With Skin in the Game, there’s nothing sad about making losses.” ~ Joakim Book
-
•
Why Government Lockdowns Mostly Harm the Poor
“These irresponsible government actions are especially acute and more harmful in developing countries and among the poor because most workers can’t afford to sacrifice weeks or perhaps months of income, only to be confined to what is effectively house arrest.” ~ Michael N. Peterson
-
•
A Different Perspective on Cancel Culture
“Cancel culture may be such a controversial phrase that cannot be salvaged, but the idea that we should ostracize those who unjustly challenge the public order is necessary for a civil society.” ~ David Crego
-
•
Owl Creek Bridge Redux?
“Sometimes I feel like the entire world is in its final throes as humanity’s storyline becomes increasingly surreal. Judging by how often I hear other people say ‘unbelievable,’ ‘beyond belief,’ or ‘incredible,’ many others seem to feel likewise.” ~ Robert E. Wright
-
•
Existing-Home Sales Rise as Prices Hit a Record
“Existing-home sales rose slightly in June while record-high prices and changing preferences work to cool the recent pace of activity.” – Robert Hughes
-
•
No Science Is Ever Settled
“If you think science is when people of authority agree, you’re not just naïve but heavily deluded. Stop venerating science in the singular and start embracing its core, plural, and contentious ethos: that plenty of people are wrong about almost everything, all the time. Even – perhaps especially – those with lots to lose.” ~…
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•
Weekly Initial Claims for Unemployment Benefits May Be Plateauing Again
“Weekly initial claims for unemployment benefits jumped in the latest week and may suggest a temporary plateau. A tight labor market and a record number of open jobs should continue to drive initial claims lower, but the Delta variant is increasing uncertainty.” – Robert Hughes
-
•
Sanctions Against South Africa and the Cuban Embargo
“The sanctions undoubtedly had psychological and moral effects, just like the US embargo on Cuba. Neither Levy nor Lowenberg and Kaempfer–or any followup literature I’ve been able to find–thinks these effects have as much explanatory power as apartheid’s inefficiency, growing internal political opposition, and the fall of the Soviet Union.” ~ Art Carden
-
•
Leveling Down to Utopia
“In such a ‘Utopia’ without love or art or individuality, what is left? Certainly not choice. The State manages all activities, from the propagation of the species (every spring, like cattle) to bathing, since unequal habits led to ‘two distinct classes, the Clean and the Dirty.'” ~ Caroline Breashears