Daily Economy
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Go East, Young Man.
“What matters now is whether California will do anything at all to make it a more palatable possibility for people who would be inclined to live there. If not, we’ll see continued erosion of the tax base, as it is only people who pay taxes who are inclined to leave, and a smaller congressional contingent…
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What’s New is Old: The Left Turns Originalist
“The New/Old Antitrust Paradigm would reverse the presumption of legality in mergers and acquisitions, placing the burden of proof on economic actors to want to do…well, almost anything. Any economic restructuring of a business is contingent on obtaining the permission and chop of the appropriate bureaucrats and, incredibly, other ‘stakeholders’ such as competitors and labor…
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New Leak of Taxpayer Info Is (More) Evidence of IRS Corruption
“What’s especially disgusting is that the Biden Administration wants to reward IRS corruption with giant budget increases, bolstered by utterly fraudulent numbers. Needless to say, that would be a terrible idea, and sadly, Republicans in the past have been sympathetic to expanding the size of the tax bureaucracy.” ~ Daniel J. Mitchell
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Adam Smith Takes Cancel Culture in Hand
“By rejecting the controlling fist, we can accept the prosperity enabled by the invisible hand—Smith’s metaphor for the way in which individuals pursuing their own interests through ethical, mutual exchange leads to the prosperity that was not consciously designed by any intellectual. No person has that much knowledge. In short, it’s time for cancel culture…
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Gerontocracy and Geezernomics
“Most babies born today will (one hopes) live to see at least the opening of the 22nd century. Why should some self-interested geezers with ‘one foot in the grave’ born before the mid-20th century be able to diminish the quality of their lives?” ~ Robert E. Wright
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The Super-Rich Are Not Who You Think They Are!
“The work of Scott provides a powerful illustration of the importance of the qualification proposed by defenders of the super-rich. It is not wealth that is problematic, it is wealth generated by muting the forces of the market process (i.e. by rent-seeking). In other words, the policies that produce inequality matter!” ~ Vincent Geloso
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Stinky Stuff Happens, but How Do We Prepare?
“The problem is that we don’t know what disasters are lurking on the horizon, and preparing for all the possible ones we can reasonably foresee is impossible and excessively costly. Even if we somehow managed to, individually or as a society, it still doesn’t guarantee protection against the truly black swans, i.e. the disasters of…
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Job Openings Soar to Another Record High in April
“Job openings soared to a new record in April, suggesting a tightening labor market.” – Robert Hughes
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Support for Lockdowns: A ‘Bootleggers and Baptists’ Phenomenon
“This goes a long way toward explaining the behavior of white collar professionals during the pandemic: they have been acting out of a genuine sense of virtue, but they have also done rather well out of doing so, at least in the short term. It’s not one or the other, and high and low motives…
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Free Market Liberalism and the Israeli-Palestinian Conflict
“The recent 11 days of warfare between Israel and Hamas in Gaza has once more raised the issue of one-state or two-state ‘solutions’ to the over seven decade Israel-Palestinian conflict. In the long run, neither is a viable option outside of a politics of individual liberty and an economics of free markets.” ~ Richard M.…
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Go East, Young Man.
“What matters now is whether California will do anything at all to make it a more palatable possibility for people who would be inclined to live there. If not, we’ll see continued erosion of the tax base, as it is only people who pay taxes who are inclined to leave, and a smaller congressional contingent…
-
•
What’s New is Old: The Left Turns Originalist
“The New/Old Antitrust Paradigm would reverse the presumption of legality in mergers and acquisitions, placing the burden of proof on economic actors to want to do…well, almost anything. Any economic restructuring of a business is contingent on obtaining the permission and chop of the appropriate bureaucrats and, incredibly, other ‘stakeholders’ such as competitors and labor…
-
•
New Leak of Taxpayer Info Is (More) Evidence of IRS Corruption
“What’s especially disgusting is that the Biden Administration wants to reward IRS corruption with giant budget increases, bolstered by utterly fraudulent numbers. Needless to say, that would be a terrible idea, and sadly, Republicans in the past have been sympathetic to expanding the size of the tax bureaucracy.” ~ Daniel J. Mitchell
-
•
Adam Smith Takes Cancel Culture in Hand
“By rejecting the controlling fist, we can accept the prosperity enabled by the invisible hand—Smith’s metaphor for the way in which individuals pursuing their own interests through ethical, mutual exchange leads to the prosperity that was not consciously designed by any intellectual. No person has that much knowledge. In short, it’s time for cancel culture…
-
•
Gerontocracy and Geezernomics
“Most babies born today will (one hopes) live to see at least the opening of the 22nd century. Why should some self-interested geezers with ‘one foot in the grave’ born before the mid-20th century be able to diminish the quality of their lives?” ~ Robert E. Wright
-
•
The Super-Rich Are Not Who You Think They Are!
“The work of Scott provides a powerful illustration of the importance of the qualification proposed by defenders of the super-rich. It is not wealth that is problematic, it is wealth generated by muting the forces of the market process (i.e. by rent-seeking). In other words, the policies that produce inequality matter!” ~ Vincent Geloso
-
•
Stinky Stuff Happens, but How Do We Prepare?
“The problem is that we don’t know what disasters are lurking on the horizon, and preparing for all the possible ones we can reasonably foresee is impossible and excessively costly. Even if we somehow managed to, individually or as a society, it still doesn’t guarantee protection against the truly black swans, i.e. the disasters of…
-
•
Job Openings Soar to Another Record High in April
“Job openings soared to a new record in April, suggesting a tightening labor market.” – Robert Hughes
-
•
Support for Lockdowns: A ‘Bootleggers and Baptists’ Phenomenon
“This goes a long way toward explaining the behavior of white collar professionals during the pandemic: they have been acting out of a genuine sense of virtue, but they have also done rather well out of doing so, at least in the short term. It’s not one or the other, and high and low motives…
-
•
Free Market Liberalism and the Israeli-Palestinian Conflict
“The recent 11 days of warfare between Israel and Hamas in Gaza has once more raised the issue of one-state or two-state ‘solutions’ to the over seven decade Israel-Palestinian conflict. In the long run, neither is a viable option outside of a politics of individual liberty and an economics of free markets.” ~ Richard M.…