Daily Economy
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U.S. Economy Posts Widespread Gains in the First Quarter
“The U.S. economy posted strong growth in the first quarter but remains below pre-pandemic trend levels. Cessation of restrictive government policies will support a return to pre-pandemic levels of activity.” – Robert Hughes
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Burning Issues of Government Spending
“Government spending starts with taking money from taxpayers and setting 20 percent of it on fire. Even if the remaining funds were spent on very efficient projects, they have very little chance of creating net benefits for the economy.” ~ Thomas L. Hogan
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The New Enemies of the Open Society
“It is high time that we become aware of the crossroads at which we stand. Doing so requires a sober attitude that does not allow itself to be clouded by the fears stirred up by the new enemies of the open society; namely the respect and trust in what distinguishes each and every one of…
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Weekly Initial Claims Continue to Fall as the Economy Gains Momentum
“Initial claims fell again in the latest week, continuing a favorable trend and suggesting an improving economic outlook.” – Robert Hughes
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Covid Outcomes: Rankings Versus Reality
“In a court of law, the burden of proof falls on those who wish to take away the liberty of the accused. Likewise, in the realm of policy, the burden of proof should be on those who wish to impose laws and restrictions on an otherwise free population. This practice is not only morally sound…
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Markets Help People Care For You Without Caring About You
“To those of you who are working to reduce transaction costs and find easier ways for strangers to cooperate, this absent-minded professor offers a heartfelt ‘thank you.’ Yes, I will try to be more careful next time–but as someone who routinely misplaces keys, coffee cups, sunglasses, and so on, I appreciate the efforts of those…
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The Debate Between Conservatives and Libertarians
“Most of the contributors to this book are deceased so we are left to speculate about what their views toward Covid lockdowns would be. I suspect most if not all would be astonished and horrified at the policy choices of this past year. These writers were not technocrats but humane and learned thinkers who focused…
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The Everything Bubble and What it Means for Your Money
“The Everything Bubble is a grand illusion, money is growing more plentiful, credit more available. Asset prices are not really rising; it is the value of money which is being systematically undermined. I wonder whether the motto for this pandemic will be carpe diem, quam minimum credula pecunia – seize the day, place no trust…
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Tocqueville’s Gumptious American
“Some Americans still resemble Tocqueville’s description. And the description can inspire people to regain the ‘I can’ spirit. I mean people everywhere. Perhaps it is elsewhere, today, that one is more likely to see hungry souls—active, dedicated, but upholding the spirit of fair play and the rules of plain justice. May we everywhere grow the…
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Moritz J. Bonn: A Classical Liberal Voice in a Collectivist World
“Moritz J. Bonn was one of those classical-liberal voices of the twentieth century who understood how and why the world had turned away from its earlier roots in a philosophy, a politics, and an economics of freedom. He, like others from those middle decades of the last century, still has something of value to say…
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U.S. Economy Posts Widespread Gains in the First Quarter
“The U.S. economy posted strong growth in the first quarter but remains below pre-pandemic trend levels. Cessation of restrictive government policies will support a return to pre-pandemic levels of activity.” – Robert Hughes
-
•
Burning Issues of Government Spending
“Government spending starts with taking money from taxpayers and setting 20 percent of it on fire. Even if the remaining funds were spent on very efficient projects, they have very little chance of creating net benefits for the economy.” ~ Thomas L. Hogan
-
•
The New Enemies of the Open Society
“It is high time that we become aware of the crossroads at which we stand. Doing so requires a sober attitude that does not allow itself to be clouded by the fears stirred up by the new enemies of the open society; namely the respect and trust in what distinguishes each and every one of…
-
•
Weekly Initial Claims Continue to Fall as the Economy Gains Momentum
“Initial claims fell again in the latest week, continuing a favorable trend and suggesting an improving economic outlook.” – Robert Hughes
-
•
Covid Outcomes: Rankings Versus Reality
“In a court of law, the burden of proof falls on those who wish to take away the liberty of the accused. Likewise, in the realm of policy, the burden of proof should be on those who wish to impose laws and restrictions on an otherwise free population. This practice is not only morally sound…
-
•
Markets Help People Care For You Without Caring About You
“To those of you who are working to reduce transaction costs and find easier ways for strangers to cooperate, this absent-minded professor offers a heartfelt ‘thank you.’ Yes, I will try to be more careful next time–but as someone who routinely misplaces keys, coffee cups, sunglasses, and so on, I appreciate the efforts of those…
-
•
The Debate Between Conservatives and Libertarians
“Most of the contributors to this book are deceased so we are left to speculate about what their views toward Covid lockdowns would be. I suspect most if not all would be astonished and horrified at the policy choices of this past year. These writers were not technocrats but humane and learned thinkers who focused…
-
•
The Everything Bubble and What it Means for Your Money
“The Everything Bubble is a grand illusion, money is growing more plentiful, credit more available. Asset prices are not really rising; it is the value of money which is being systematically undermined. I wonder whether the motto for this pandemic will be carpe diem, quam minimum credula pecunia – seize the day, place no trust…
-
•
Tocqueville’s Gumptious American
“Some Americans still resemble Tocqueville’s description. And the description can inspire people to regain the ‘I can’ spirit. I mean people everywhere. Perhaps it is elsewhere, today, that one is more likely to see hungry souls—active, dedicated, but upholding the spirit of fair play and the rules of plain justice. May we everywhere grow the…
-
•
Moritz J. Bonn: A Classical Liberal Voice in a Collectivist World
“Moritz J. Bonn was one of those classical-liberal voices of the twentieth century who understood how and why the world had turned away from its earlier roots in a philosophy, a politics, and an economics of freedom. He, like others from those middle decades of the last century, still has something of value to say…