Daily Economy
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That Mystical Monetary Theory
“The MMT mistake lies in believing that any alleged shortfall in money or supply of U.S. Treasuries is big enough to finance their entire policy wish list for the foreseeable future. It also assumes that any potential labor or capital goods not currently used can be effortlessly moved to whatever production line politicians desire, without…
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Robinhood and Redditors: Who’s Robbin’ Who?
“We don’t need more regulation; we need better regulation. We need the rule of law not only in monetary institutions but in financial markets too. We need to replace the ‘regulatory leviathan’ in financial markets with ‘a regulatory constitution.'” ~ Roger Koppl
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Changing DC’s Status Remains Unconstitutional
“By reducing the buffer zone around the core parts of the federal government, DC statehood could very well jeopardize the security of the nation’s capital. One would think that the recent attempt to overrun the White House and the temporary loss of government control of the Capitol would, if anything, have policymakers thinking about reexpanding…
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Initial Claims for Unemployment Benefits Fell, But Remain Very High
“Initial claims for unemployment benefits fell for a third straight week but government restrictions on consumers and businesses continue to threaten the recovery.” – Robert Hughes
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People Only Pretend to Practice Social Distancing
“Never before in the history of humanity have governments imposed universal rules for how close we can get to each other in the normal course of life. Does this not trigger some sense that we are being trolled? It should.” ~ Jeffrey Tucker
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Imagine If the Virus Had Never Been Detected
“The virus didn’t suddenly start spreading in March of 2020 just because politicians decided it had. 2019 is the likelier beginning. Early 2020 too. Life was pretty normal as a virus made its way around the world then. Politicians made it abnormal. Let’s never forget the sickening carnage they can create when they find reasons…
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Economic Illiteracy Is No Virtue
“Leading a misguided crusade ‘to reign in the market’ or to smash capitalism for the working class is not only a recipe for failure according to history, it completely fails to understand what economics is all about. Just because you don’t care about economics does not mean that the world suddenly bends to your wishes.…
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There Are No Experts On That for Which We Really Need Experts
“The pandemic has revealed a shortcoming in our ever more technocratic approach to addressing social problems: there are more and different kinds of problems than there are kinds of experts. The division of scientific expertise according to discipline, field, and sub-field does not encompass, much less map onto, all of the problems for which we…
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How Much Does Cleaning Everything Really Help?
“These issues all boil down to opportunity cost. The time and resources directed towards extra cleaning could be used for an alternative activity that would reap higher benefits for the business, especially in the midst of economic turmoil.” ~ Amelia Janaskie
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Light-Vehicle Sales Increased in January
“Light-vehicle sales rose again in January but remain at the lower end of the historical range.” – Robert Hughes
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•
That Mystical Monetary Theory
“The MMT mistake lies in believing that any alleged shortfall in money or supply of U.S. Treasuries is big enough to finance their entire policy wish list for the foreseeable future. It also assumes that any potential labor or capital goods not currently used can be effortlessly moved to whatever production line politicians desire, without…
-
•
Robinhood and Redditors: Who’s Robbin’ Who?
“We don’t need more regulation; we need better regulation. We need the rule of law not only in monetary institutions but in financial markets too. We need to replace the ‘regulatory leviathan’ in financial markets with ‘a regulatory constitution.'” ~ Roger Koppl
-
•
Changing DC’s Status Remains Unconstitutional
“By reducing the buffer zone around the core parts of the federal government, DC statehood could very well jeopardize the security of the nation’s capital. One would think that the recent attempt to overrun the White House and the temporary loss of government control of the Capitol would, if anything, have policymakers thinking about reexpanding…
-
•
Initial Claims for Unemployment Benefits Fell, But Remain Very High
“Initial claims for unemployment benefits fell for a third straight week but government restrictions on consumers and businesses continue to threaten the recovery.” – Robert Hughes
-
•
People Only Pretend to Practice Social Distancing
“Never before in the history of humanity have governments imposed universal rules for how close we can get to each other in the normal course of life. Does this not trigger some sense that we are being trolled? It should.” ~ Jeffrey Tucker
-
•
Imagine If the Virus Had Never Been Detected
“The virus didn’t suddenly start spreading in March of 2020 just because politicians decided it had. 2019 is the likelier beginning. Early 2020 too. Life was pretty normal as a virus made its way around the world then. Politicians made it abnormal. Let’s never forget the sickening carnage they can create when they find reasons…
-
•
Economic Illiteracy Is No Virtue
“Leading a misguided crusade ‘to reign in the market’ or to smash capitalism for the working class is not only a recipe for failure according to history, it completely fails to understand what economics is all about. Just because you don’t care about economics does not mean that the world suddenly bends to your wishes.…
-
•
There Are No Experts On That for Which We Really Need Experts
“The pandemic has revealed a shortcoming in our ever more technocratic approach to addressing social problems: there are more and different kinds of problems than there are kinds of experts. The division of scientific expertise according to discipline, field, and sub-field does not encompass, much less map onto, all of the problems for which we…
-
•
How Much Does Cleaning Everything Really Help?
“These issues all boil down to opportunity cost. The time and resources directed towards extra cleaning could be used for an alternative activity that would reap higher benefits for the business, especially in the midst of economic turmoil.” ~ Amelia Janaskie
-
•
Light-Vehicle Sales Increased in January
“Light-vehicle sales rose again in January but remain at the lower end of the historical range.” – Robert Hughes