Daily Economy
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Cooperation, Not Retaliation, Can Restore Social Order
“We have agency and reason and can see that the current cascade of retaliation and retribution is ‘unsustainable.’ A great statesman focusing on first principles could, perhaps, cut the chain of retaliation and restore widespread cooperation. I don’t know if such an American exists, but I know it isn’t Donald Trump or Joe Biden.” ~…
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Many Pathways to Policy Failure
“Something has gone seriously wrong in the 21st century to the point that it seems like whole societies have forgotten everything we’ve learned about economics in the 20th century. It’s remarkable: we became wealthier than any society in world history and yet too many have no idea why. And for that reason, in 2020, many…
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“The Market” Can Deliver Pho and Spring Rolls. It Can Deliver Vaccines.
“I doubt we would be in this mess if we had left vaccine production and distribution to Walmart, Amazon, Grubhub, and Chick-fil-A. In the middle of a global pandemic, it’s too important not to.” ~ Art Carden
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Thwarting the Next Attack on the Capitol
“To reduce the probability of such a horror, America needs real statesmen (leaders of any gender who seek to implement rational policies instead of engaging in constant partisan pandering) to emerge from this mess.” ~ Robert E. Wright
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The Liberal-Left Has Gone Fully Illiberal
“Human rights are negotiable under this new ideology. I am not certain what this political theory should be called – perhaps left-wing authoritarianism – but it bears no resemblance to liberalism whatsoever. To the extent we have not gone quite as far as China in violating human rights in the quest to suppress the virus,…
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Where is Jack Ma?
“The disappearance of Jack Ma demonstrates the truth that economic freedom and social freedom are not mutually exclusive. While we should condemn the Chinese government’s actions, we should also be cautious of rising authoritarian tendencies here at home, whether it’s towards our civil rights or our economic freedom.” ~ Ethan Yang
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Payrolls Post First Drop Since April Plunge
“Payrolls posted a drop in December amid renewed restrictions on consumers and businesses that are further distorting activity and delaying full economic recovery.” – Robert Hughes
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Angst Over High Price-Earnings Levels Likely Misplaced
“Despite the severe disruptions and ‘creative destruction’ that occur from time to time, the returns to capital that fuel innovation and prosperity remain strong. The market is always efficient and fairly priced relative to what is known, but the market can also be above or below its long-term enduring norms for good and rational reasons.…
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The Playoffs Are Coming to Buffalo. Fans Don’t Want Andrew Cuomo There
“Here’s to hoping the governor will learn an important lesson: His contradictions are becoming increasingly obvious, and people are growing less tolerant of his questionable pandemic logic. Without rhyme, reason, or adherence to restrictions among the political elite, the compliance of the public will undoubtedly waver.” ~ Fiona Harrigan
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How the White House COVID Task Force Sank the Trump Presidency
“For reasons that remain unclear, Fauci, Birx, and the gang remain on the COVID Task Force, and to this day, the White House is still delivering corona panic to states across the nation. The Task Force will live on, and to the not-so-hidden delight of its members, President Trump is president no more.” ~ Jordan…
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•
Cooperation, Not Retaliation, Can Restore Social Order
“We have agency and reason and can see that the current cascade of retaliation and retribution is ‘unsustainable.’ A great statesman focusing on first principles could, perhaps, cut the chain of retaliation and restore widespread cooperation. I don’t know if such an American exists, but I know it isn’t Donald Trump or Joe Biden.” ~…
-
•
Many Pathways to Policy Failure
“Something has gone seriously wrong in the 21st century to the point that it seems like whole societies have forgotten everything we’ve learned about economics in the 20th century. It’s remarkable: we became wealthier than any society in world history and yet too many have no idea why. And for that reason, in 2020, many…
-
•
“The Market” Can Deliver Pho and Spring Rolls. It Can Deliver Vaccines.
“I doubt we would be in this mess if we had left vaccine production and distribution to Walmart, Amazon, Grubhub, and Chick-fil-A. In the middle of a global pandemic, it’s too important not to.” ~ Art Carden
-
•
Thwarting the Next Attack on the Capitol
“To reduce the probability of such a horror, America needs real statesmen (leaders of any gender who seek to implement rational policies instead of engaging in constant partisan pandering) to emerge from this mess.” ~ Robert E. Wright
-
•
The Liberal-Left Has Gone Fully Illiberal
“Human rights are negotiable under this new ideology. I am not certain what this political theory should be called – perhaps left-wing authoritarianism – but it bears no resemblance to liberalism whatsoever. To the extent we have not gone quite as far as China in violating human rights in the quest to suppress the virus,…
-
•
Where is Jack Ma?
“The disappearance of Jack Ma demonstrates the truth that economic freedom and social freedom are not mutually exclusive. While we should condemn the Chinese government’s actions, we should also be cautious of rising authoritarian tendencies here at home, whether it’s towards our civil rights or our economic freedom.” ~ Ethan Yang
-
•
Payrolls Post First Drop Since April Plunge
“Payrolls posted a drop in December amid renewed restrictions on consumers and businesses that are further distorting activity and delaying full economic recovery.” – Robert Hughes
-
•
Angst Over High Price-Earnings Levels Likely Misplaced
“Despite the severe disruptions and ‘creative destruction’ that occur from time to time, the returns to capital that fuel innovation and prosperity remain strong. The market is always efficient and fairly priced relative to what is known, but the market can also be above or below its long-term enduring norms for good and rational reasons.…
-
•
The Playoffs Are Coming to Buffalo. Fans Don’t Want Andrew Cuomo There
“Here’s to hoping the governor will learn an important lesson: His contradictions are becoming increasingly obvious, and people are growing less tolerant of his questionable pandemic logic. Without rhyme, reason, or adherence to restrictions among the political elite, the compliance of the public will undoubtedly waver.” ~ Fiona Harrigan
-
•
How the White House COVID Task Force Sank the Trump Presidency
“For reasons that remain unclear, Fauci, Birx, and the gang remain on the COVID Task Force, and to this day, the White House is still delivering corona panic to states across the nation. The Task Force will live on, and to the not-so-hidden delight of its members, President Trump is president no more.” ~ Jordan…