Daily Economy
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The Passing of Esteemed Economist Walter Williams
“Today, now more than ever, it is men like Walter Williams who are sorely needed to protect the ideas of freedom and prosperity. His work and efforts have educated countless people from the latest generation of economic thinkers to the average citizen who are now better equipped to understand the world around them. Perhaps it…
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November ISM Services Index Still Suggests Expansion
“The services sector expanded again in November, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
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Initial Claims for Unemployment Benefits Fall After Two Weekly Increases
“Initial claims for unemployment benefits fell in the latest week but renewed restrictions on businesses and consumers may start to push claims up again in coming weeks and months.” – Robert Hughes
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Twelve Principles of International Trade: Part 1
“Although it’s possible to imagine bizarre scenarios in which a country’s rising trade deficits might be evidence of economic decline, none of these scenarios is realistic in the case of the United States. American trade deficits are evidence of American economic health, at least relative to many other countries, rather than of economic hardship.” ~…
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Dr. Friedman Goes to South Africa
“Milton Friedman in South Africa is a fascinating product of one of Friedman’s ventures during a controversial time. It is worth reading for anyone interested in understanding Friedman specifically or what Andrei Shleifer called ‘The Age of Milton Friedman’ more generally.” ~ Art Carden
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The Hype Surrounding Environmental, Social, and Governance Investing
“The shares of ESG companies will get wicked expensive as more and more money piles into them. At that point, with the expectation of low returns on ESG and high ones on ‘wicked’ stocks, virtue investors and ESG fund managers will have to eat palpably lower returns or creatively reclassify ‘wicked’ companies to get higher…
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Why Does Bitcoin Have Value?
“Think of a world without essential third parties, including the most dangerous third party ever conceived of by man: the state and the central bank. Imagine that future and you begin to grasp the fullness of the implications of our future. Ludwig von Mises would be amazed and surprised at bitcoin. But he might also…
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Nursing Homes and Covid Fatalities: The Empirical Relationship
“While not all deaths are preventable, we have a moral obligation to engage in focused protection rather than continue one-size-fits all approaches to public health. To the extent that resources for testing, vaccines, health care worker time, and federal grants are scarce, they should be focused on the most vulnerable, and few are more vulnerable…
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The Great Reset: Between Conspiracy and Wishful Thinking
“It is quite bizarre that we tend to divide the world between awful private interests and those who use glowing words. Perhaps glowing words can be aligned with some private interests too.” ~ Alberto Mingardi
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Don’t Confuse Free Markets with the Interventionist State
“The important task for those who value personal freedom, economic liberty and the free market economy is to disabuse our fellow citizens from thinking that what we have is a fully capitalist system, and to appreciate that what critics of capitalism call for and want in the form of even more and bigger government would…
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•
The Passing of Esteemed Economist Walter Williams
“Today, now more than ever, it is men like Walter Williams who are sorely needed to protect the ideas of freedom and prosperity. His work and efforts have educated countless people from the latest generation of economic thinkers to the average citizen who are now better equipped to understand the world around them. Perhaps it…
-
•
November ISM Services Index Still Suggests Expansion
“The services sector expanded again in November, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes
-
•
Initial Claims for Unemployment Benefits Fall After Two Weekly Increases
“Initial claims for unemployment benefits fell in the latest week but renewed restrictions on businesses and consumers may start to push claims up again in coming weeks and months.” – Robert Hughes
-
•
Twelve Principles of International Trade: Part 1
“Although it’s possible to imagine bizarre scenarios in which a country’s rising trade deficits might be evidence of economic decline, none of these scenarios is realistic in the case of the United States. American trade deficits are evidence of American economic health, at least relative to many other countries, rather than of economic hardship.” ~…
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•
Dr. Friedman Goes to South Africa
“Milton Friedman in South Africa is a fascinating product of one of Friedman’s ventures during a controversial time. It is worth reading for anyone interested in understanding Friedman specifically or what Andrei Shleifer called ‘The Age of Milton Friedman’ more generally.” ~ Art Carden
-
•
The Hype Surrounding Environmental, Social, and Governance Investing
“The shares of ESG companies will get wicked expensive as more and more money piles into them. At that point, with the expectation of low returns on ESG and high ones on ‘wicked’ stocks, virtue investors and ESG fund managers will have to eat palpably lower returns or creatively reclassify ‘wicked’ companies to get higher…
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•
Why Does Bitcoin Have Value?
“Think of a world without essential third parties, including the most dangerous third party ever conceived of by man: the state and the central bank. Imagine that future and you begin to grasp the fullness of the implications of our future. Ludwig von Mises would be amazed and surprised at bitcoin. But he might also…
-
•
Nursing Homes and Covid Fatalities: The Empirical Relationship
“While not all deaths are preventable, we have a moral obligation to engage in focused protection rather than continue one-size-fits all approaches to public health. To the extent that resources for testing, vaccines, health care worker time, and federal grants are scarce, they should be focused on the most vulnerable, and few are more vulnerable…
-
•
The Great Reset: Between Conspiracy and Wishful Thinking
“It is quite bizarre that we tend to divide the world between awful private interests and those who use glowing words. Perhaps glowing words can be aligned with some private interests too.” ~ Alberto Mingardi
-
•
Don’t Confuse Free Markets with the Interventionist State
“The important task for those who value personal freedom, economic liberty and the free market economy is to disabuse our fellow citizens from thinking that what we have is a fully capitalist system, and to appreciate that what critics of capitalism call for and want in the form of even more and bigger government would…