Daily Economy
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Should the US Have Been More like Pacific Countries?
“Those wishing to use Australia as a ‘model’ for the United States would be wise to investigate other causes besides lockdowns that explain their differences. They may also soon find that some of those causes are not only incapable of being replicated elsewhere – they also defy the same experts’ pretenses of actually controlling what…
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Catastrophe Is All Around Us
“After two weeks, there was still time to undo major parts of the damage of lockdowns. After 10 months, not so much. There will be loss of life for many years to come plus population-wide psychological, social, and economic damage. The catastrophe has not been averted. It is far worse than any of us could…
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The Monsters Are Due on Nantucket Island
“Turning on others with whom we are interdependent is a form of mental illness. The worst economic and social consequences of the pandemic will be over when we decide to wake up from our psychosis. Isolated leaders will never sound the all-clear signal. Our choice is to withdraw our belief in their madness.” ~ Barry…
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Carl Menger and the Sesquicentennial Founding of the Austrian School
“Carl Menger remains a towering figure, not only for the development of his variation on the ‘marginalist’ theme, but for originating a still unique and distinct and highly relevant approach to economic and social analysis that still rightly bears the name, the ‘Austrian School.'” ~ Richard M. Ebeling
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Finance Memes and the Collective Influence of Young Retail Investors
“Much like all other behaviors associated with young retail investors, on their own, they seem reckless but collectively they help shift results in their favor. Sometimes they are simply the right choice despite expert opinion. These trends not only demonstrate an interesting short-term market force but also the permanent introduction of new demand side forces…
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China Was More Dangerous When It Was Poor
“In an economic sense, similarities between the U.S. and China are greater than some want to believe. Thank goodness they are. Unlike when China was poor, nowadays its people have a rooting interest in our success. And our people benefit from their success.” ~ John Tamny
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On Living In Harmony With Nature
“No widespread event in my lifetime comes close to the Covid lockdowns as an instance in which we human beings have so ignorantly and arrogantly chosen to live not merely inharmoniously with nature but in direct and hostile opposition to it. The final price we pay for this folly will be astronomical.” ~ Donald J.…
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Pandemic Response Is Our Vietnam
“People are starting to question the failed strategy of lockdowns, much as they questioned the wisdom of LBJ’s Vietnam strategy. While nonviolent protest is certainly warranted, especially when it comes to the pressing need for our children to return to school, we need an end to the ‘state of emergency’ that enables governors and mayors…
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Freedom versus Paternalism in the Coming Decade
“There appears to be a groundswell of economic ignorance and stupidity facing us, and even more than usual. What this means for friends of freedom and practitioners of sound, free market economics, however, is a need to redouble our efforts, and not wallow in despair and disappointment. Bad policies inescapably bring about undesirable and counterproductive…
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Study Highlights Blinding Moral Bias Against Questioning Lockdowns
“Covid-19 will come and go but the actions we take will have lasting consequences. Keeping our feelings in check will not only allow us to make smarter decisions, but walk out of this not being ashamed of how we treated each other.” ~ Ethan Yang
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•
Should the US Have Been More like Pacific Countries?
“Those wishing to use Australia as a ‘model’ for the United States would be wise to investigate other causes besides lockdowns that explain their differences. They may also soon find that some of those causes are not only incapable of being replicated elsewhere – they also defy the same experts’ pretenses of actually controlling what…
-
•
Catastrophe Is All Around Us
“After two weeks, there was still time to undo major parts of the damage of lockdowns. After 10 months, not so much. There will be loss of life for many years to come plus population-wide psychological, social, and economic damage. The catastrophe has not been averted. It is far worse than any of us could…
-
•
The Monsters Are Due on Nantucket Island
“Turning on others with whom we are interdependent is a form of mental illness. The worst economic and social consequences of the pandemic will be over when we decide to wake up from our psychosis. Isolated leaders will never sound the all-clear signal. Our choice is to withdraw our belief in their madness.” ~ Barry…
-
•
Carl Menger and the Sesquicentennial Founding of the Austrian School
“Carl Menger remains a towering figure, not only for the development of his variation on the ‘marginalist’ theme, but for originating a still unique and distinct and highly relevant approach to economic and social analysis that still rightly bears the name, the ‘Austrian School.'” ~ Richard M. Ebeling
-
•
Finance Memes and the Collective Influence of Young Retail Investors
“Much like all other behaviors associated with young retail investors, on their own, they seem reckless but collectively they help shift results in their favor. Sometimes they are simply the right choice despite expert opinion. These trends not only demonstrate an interesting short-term market force but also the permanent introduction of new demand side forces…
-
•
China Was More Dangerous When It Was Poor
“In an economic sense, similarities between the U.S. and China are greater than some want to believe. Thank goodness they are. Unlike when China was poor, nowadays its people have a rooting interest in our success. And our people benefit from their success.” ~ John Tamny
-
•
On Living In Harmony With Nature
“No widespread event in my lifetime comes close to the Covid lockdowns as an instance in which we human beings have so ignorantly and arrogantly chosen to live not merely inharmoniously with nature but in direct and hostile opposition to it. The final price we pay for this folly will be astronomical.” ~ Donald J.…
-
•
Pandemic Response Is Our Vietnam
“People are starting to question the failed strategy of lockdowns, much as they questioned the wisdom of LBJ’s Vietnam strategy. While nonviolent protest is certainly warranted, especially when it comes to the pressing need for our children to return to school, we need an end to the ‘state of emergency’ that enables governors and mayors…
-
•
Freedom versus Paternalism in the Coming Decade
“There appears to be a groundswell of economic ignorance and stupidity facing us, and even more than usual. What this means for friends of freedom and practitioners of sound, free market economics, however, is a need to redouble our efforts, and not wallow in despair and disappointment. Bad policies inescapably bring about undesirable and counterproductive…
-
•
Study Highlights Blinding Moral Bias Against Questioning Lockdowns
“Covid-19 will come and go but the actions we take will have lasting consequences. Keeping our feelings in check will not only allow us to make smarter decisions, but walk out of this not being ashamed of how we treated each other.” ~ Ethan Yang