Daily Economy
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The Death of a Visionary Retailer Reminds Us of Private Equity’s Genius
“Instead of sitting on their hands, these investors are energetically reshaping commerce for the much better with their bold capital commitments. Rather than demonize private equity, we should cheer the progress that it personifies with an eye on reworking the tax code in order to encourage more of what’s mindlessly penalized.” ~ John Tamny
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The Woke Business Complex
“Just think, though, of the uproarious applause that would occur if governments would stop over-regulating and over-taxing economic agents and allow every human to thrive instead of diverting resources to the Woke Business Complex! But curbing government overreach would require a more ‘equitable’ distribution of political and soft power. Where’s the meme for that?” ~…
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Do We Need Patents? A Look at Biological Innovations in 19th Century America
“Considerable resources are expended in the regulatory process to obtain (and defend) patents which may be unnecessary incentives to innovation. In the process, we may end up deterring innovation. With our presently heightened sense of the importance of research and development in setting our living standards, this possibility must be seriously taken into consideration.” ~…
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How the Market Drives Down Costs
“The market forces of competition and price sensitivity, combined with increasing productivity that leads to higher wages, allow living standards to rise. However, government policies and perverse incentives can shield service providers from market forces, undermining competition and eroding U.S. standards of living.” ~ Ethan Yang
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New Single-Family Home Sales Fell Sharply in May
“New-home sales fell again in May and supply conditions eased a bit. Rising prices, and somewhat higher mortgage rates should continue weighing on activity.” – Robert Hughes
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Morningstar Right To Fight SEC Encroachment
“Morningstar is right to push back. If only other corporations would do likewise and not cave in to regulatory rules rooted in agency staffer self-interest rather than reason. Free markets can stand some regulation but not virtual takeover by bureaucratic fiat.” ~ Robert E. Wright
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The Political Paternalists Take Aim at Milton Friedman
“How very disappointed Mr. Carter will no doubt be, when the policies he espouses end up, once again, having the disastrous effects they have always produced in the past. Much to Mr. Carter’s chagrin, it will be Milton Friedman’s ideas on liberty that will be shown to be the far more enduring ones.” ~ Richard…
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When I Wanted to Work in a Food Truck Instead of the Senate
“Sometimes government might be preferable to the private sector, such as protecting our universal rights. However, for the vast majority of other concerns, we would be far better off looking to ourselves for answers than running towards the arms of the state.” ~ Ethan Yang
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Climate Models: Worse Than Nothing?
“Data continue to confound naïve climate models. Very difficult theory is slowly but surely explaining why. The climate debate is back to the physical science, where it never should have left.” ~ Robert L. Bradley Jr.
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Existing-Home Sales Fall as Prices Continue to Rise
“Existing-home sales fell in May as rising prices and changing preferences work to cool the recent pace of activity.” – Robert Hughes
-
•
The Death of a Visionary Retailer Reminds Us of Private Equity’s Genius
“Instead of sitting on their hands, these investors are energetically reshaping commerce for the much better with their bold capital commitments. Rather than demonize private equity, we should cheer the progress that it personifies with an eye on reworking the tax code in order to encourage more of what’s mindlessly penalized.” ~ John Tamny
-
•
The Woke Business Complex
“Just think, though, of the uproarious applause that would occur if governments would stop over-regulating and over-taxing economic agents and allow every human to thrive instead of diverting resources to the Woke Business Complex! But curbing government overreach would require a more ‘equitable’ distribution of political and soft power. Where’s the meme for that?” ~…
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•
Do We Need Patents? A Look at Biological Innovations in 19th Century America
“Considerable resources are expended in the regulatory process to obtain (and defend) patents which may be unnecessary incentives to innovation. In the process, we may end up deterring innovation. With our presently heightened sense of the importance of research and development in setting our living standards, this possibility must be seriously taken into consideration.” ~…
-
•
How the Market Drives Down Costs
“The market forces of competition and price sensitivity, combined with increasing productivity that leads to higher wages, allow living standards to rise. However, government policies and perverse incentives can shield service providers from market forces, undermining competition and eroding U.S. standards of living.” ~ Ethan Yang
-
•
New Single-Family Home Sales Fell Sharply in May
“New-home sales fell again in May and supply conditions eased a bit. Rising prices, and somewhat higher mortgage rates should continue weighing on activity.” – Robert Hughes
-
•
Morningstar Right To Fight SEC Encroachment
“Morningstar is right to push back. If only other corporations would do likewise and not cave in to regulatory rules rooted in agency staffer self-interest rather than reason. Free markets can stand some regulation but not virtual takeover by bureaucratic fiat.” ~ Robert E. Wright
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•
The Political Paternalists Take Aim at Milton Friedman
“How very disappointed Mr. Carter will no doubt be, when the policies he espouses end up, once again, having the disastrous effects they have always produced in the past. Much to Mr. Carter’s chagrin, it will be Milton Friedman’s ideas on liberty that will be shown to be the far more enduring ones.” ~ Richard…
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•
When I Wanted to Work in a Food Truck Instead of the Senate
“Sometimes government might be preferable to the private sector, such as protecting our universal rights. However, for the vast majority of other concerns, we would be far better off looking to ourselves for answers than running towards the arms of the state.” ~ Ethan Yang
-
•
Climate Models: Worse Than Nothing?
“Data continue to confound naïve climate models. Very difficult theory is slowly but surely explaining why. The climate debate is back to the physical science, where it never should have left.” ~ Robert L. Bradley Jr.
-
•
Existing-Home Sales Fall as Prices Continue to Rise
“Existing-home sales fell in May as rising prices and changing preferences work to cool the recent pace of activity.” – Robert Hughes