Daily Economy
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Cracks In the Great Wall Part 3 – China’s Charm Has Expired
“It would be safe to say that the world’s honeymoon phase with China is over and the pathway forward will see far more resistance to their ambitions. It seems like the CCP has overplayed its hand and it wouldn’t be absurd to think they know that as well.” ~ Ethan Yang
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How History Moves Forward
“History is the messy sum outcome of millions and millions of people’s incentives, desires, biases, and actions. An iconic quote from Jurassic Park is ‘Life finds a way,’ uttered by the cynical chaos-theory chanting character Ian Malcolm. History, it would seem, does too.” ~ Joakim Book
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The 50 States Suffered Differentially During the Lockdowns and Pandemic
“In the aggregate, government spending at all levels (federal, state, and local) had a mildly negative 0.3% effect on the economy. The bottom line is that the private sector actually did a better overall job in most states than governments in terms of managing state and local economic progress.” ~ Gregory van Kipnis
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States Shouldn’t Dictate Curricular Content
“Regardless of how one tries to cut it, state involvement in schooling creates a profound alteration of political incentives. The debates in America over critical race theory in high school constitute the most recent (and most divisive) illustration of this.” ~ Vincent Geloso
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The Great Semiconductor Shortage
“An appreciation of modern commerce requires recognizing the ease with which the critical but commonplace can be sabotaged by seemingly innocuous measures. The backbone of all modern technology is currently scarce owing to a medley of state interventions, geopolitical wrangling, and income redistribution colliding with natural forces and short-sightedness.” ~ Peter C. Earle
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A Conversation on Flaws in China’s Political Economy
“On this episode of the Authors Corner, Ethan interviews AIER Senior Fellow Dr. Ryan Yonk on the development of China’s political economy, which blends authoritarianism with limited markets and civil liberties. They explore the initial history of the People’s Republic of China, the Chinese Communist Party, and their modern ‘Socialist state-with Chinese characteristics’ under Xi…
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The Hoary Origins of Maskachusetts and Taxachusetts
“One cannot lay all of the blame for high taxes, silly regulations, and the Covid policy catastrophes of 2020-21 at the feet of John Winthrop and other Puritans but the concept of path dependence suggests that their role was larger than one might at first suspect.” ~ Robert E. Wright
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Explaining Ranked Choice
“Ranked-choice voting, sometimes referred to as ‘single transferable vote,’ and sometimes as ‘instant run-off,’ is vulnerable to candidates that aren’t disliked by the majority but aren’t loved by many. Ranked-choice voting tends to favor candidates that are less disliked.” ~ Clifford F. Thies
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The Monetary Genius of Arthur Laffer
“How Arthur Laffer dealt with Milton Friedman on a monetary matter of utmost importance says so much about his genius as a thinker, but it also says it all about him as a person. He’s kind and generous in addition to being brilliant. Read The Emergence of Arthur Laffer to see why.” ~ John Tamny
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Higher Inflation Depresses Equity Valuation
“The CPI will probably increase by 3-5% for all of 2021. That is not nearly as bad as the 1970s, when the rate averaged 7.4% p.a. (and peaked at 13.3% in late 1979), but it’s still bad for equity valuations.” ~ Richard M. Salsman
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•
Cracks In the Great Wall Part 3 – China’s Charm Has Expired
“It would be safe to say that the world’s honeymoon phase with China is over and the pathway forward will see far more resistance to their ambitions. It seems like the CCP has overplayed its hand and it wouldn’t be absurd to think they know that as well.” ~ Ethan Yang
-
•
How History Moves Forward
“History is the messy sum outcome of millions and millions of people’s incentives, desires, biases, and actions. An iconic quote from Jurassic Park is ‘Life finds a way,’ uttered by the cynical chaos-theory chanting character Ian Malcolm. History, it would seem, does too.” ~ Joakim Book
-
•
The 50 States Suffered Differentially During the Lockdowns and Pandemic
“In the aggregate, government spending at all levels (federal, state, and local) had a mildly negative 0.3% effect on the economy. The bottom line is that the private sector actually did a better overall job in most states than governments in terms of managing state and local economic progress.” ~ Gregory van Kipnis
-
•
States Shouldn’t Dictate Curricular Content
“Regardless of how one tries to cut it, state involvement in schooling creates a profound alteration of political incentives. The debates in America over critical race theory in high school constitute the most recent (and most divisive) illustration of this.” ~ Vincent Geloso
-
•
The Great Semiconductor Shortage
“An appreciation of modern commerce requires recognizing the ease with which the critical but commonplace can be sabotaged by seemingly innocuous measures. The backbone of all modern technology is currently scarce owing to a medley of state interventions, geopolitical wrangling, and income redistribution colliding with natural forces and short-sightedness.” ~ Peter C. Earle
-
•
A Conversation on Flaws in China’s Political Economy
“On this episode of the Authors Corner, Ethan interviews AIER Senior Fellow Dr. Ryan Yonk on the development of China’s political economy, which blends authoritarianism with limited markets and civil liberties. They explore the initial history of the People’s Republic of China, the Chinese Communist Party, and their modern ‘Socialist state-with Chinese characteristics’ under Xi…
-
•
The Hoary Origins of Maskachusetts and Taxachusetts
“One cannot lay all of the blame for high taxes, silly regulations, and the Covid policy catastrophes of 2020-21 at the feet of John Winthrop and other Puritans but the concept of path dependence suggests that their role was larger than one might at first suspect.” ~ Robert E. Wright
-
•
Explaining Ranked Choice
“Ranked-choice voting, sometimes referred to as ‘single transferable vote,’ and sometimes as ‘instant run-off,’ is vulnerable to candidates that aren’t disliked by the majority but aren’t loved by many. Ranked-choice voting tends to favor candidates that are less disliked.” ~ Clifford F. Thies
-
•
The Monetary Genius of Arthur Laffer
“How Arthur Laffer dealt with Milton Friedman on a monetary matter of utmost importance says so much about his genius as a thinker, but it also says it all about him as a person. He’s kind and generous in addition to being brilliant. Read The Emergence of Arthur Laffer to see why.” ~ John Tamny
-
•
Higher Inflation Depresses Equity Valuation
“The CPI will probably increase by 3-5% for all of 2021. That is not nearly as bad as the 1970s, when the rate averaged 7.4% p.a. (and peaked at 13.3% in late 1979), but it’s still bad for equity valuations.” ~ Richard M. Salsman