Daily Economy
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State and Local Governments Should Not Get a Bailout – either from Congress or the Federal Reserve
“A Biden Administration likely will be able to give states and localities a bailout, even if Congress doesn’t approve a new ‘stimulus,’ and even if the Trump Administration doesn’t extend the Federal Reserve’s authority. But at least the incoming Biden people would have to jump through a few hoops.” ~ Daniel J. Mitchell
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A Second National Lockdown is Dangerous and Reckless
“To say that now the entire country should enter a 4-6 week shutdown stricter than all that came before is not only tone deaf but reckless. Such a policy will likely have untold consequences that go beyond economic devastation. Suicides, substance abuse, and social turmoil have been exacerbated as a result of lockdowns, and they…
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Joe Biden, the New York Times, ‘Dark’ Winters, and ‘Terrifying Surges’
“The more a country tests, the more infections that country will unearth. Doctors and other experts can decide for themselves whether relentless testing is good, bad, or not terribly relevant, but it presumably explains a lot when it comes to virus spread in the U.S. More than politicians and sub-editors want to admit, their predictions…
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Tyler Cowen Is Wrong About Great Barrington Declaration on Lockdown Policies
“Lockdowns are being re-imposed across Europe, and we’re in increasing danger of seeing them re-imposed in parts of the United States. Ironically, if policy makers heed the advice in the Great Barrington Declaration, which Tyler disagrees with, then the lockdowns would be behind us.” ~ Benjamin Powell
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Who to Believe? What to Believe?
“The real world is complex and most of us do not have the information, or the information processing capabilities, to make sense out of much of it. So instead of jumping on intellectual bandwagons and opining that Y is the best color, or masks work because … they do!, or somebody on TV says so,…
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Elections and Legitimacy
“The election results will likely further erode federal legitimacy at a time when Uncle Sam has no trust to spare. How many more election debacles and brazen abuses of power does Washington believe the American people will tolerate?” ~ James Bovard
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David Skarbek on Prison Order
“At best Skarbek has illustrated how governance institutions can be analyzed, providing us with a fascinating case study of prison life in a dozen settings. A bit more charitably, governance theory applied to prisons is not falsified by the examples he uses. Whether he has proven the usefulness of the theory, or its ability to…
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What Drives Progress: The State or the Market?
“The idea of an entrepreneurial state as proposed by Mazzucato is a romantic one. It’s an idea that people can come together and through sheer will can make innovation happen. That some very smart people with fancy degrees and prestigious titles can steer society to an optimal location. The only problem with that is just…
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Small-Business Survey Shows Mixed Expectations in October
“Small-business confidence was unchanged in October, but details of the survey suggest a mixed outlook.” – Robert Hughes
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Why Politics Breeds Divisive Fears and Angers
“Politics becomes a life and death struggle, a fight to the finish, since the winning side with the majority upper hand is able to impose and enforce its views and values on all in society. Only by limiting government to those few though essential functions can these tensions, angers, and divisions be reduced or even…
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•
State and Local Governments Should Not Get a Bailout – either from Congress or the Federal Reserve
“A Biden Administration likely will be able to give states and localities a bailout, even if Congress doesn’t approve a new ‘stimulus,’ and even if the Trump Administration doesn’t extend the Federal Reserve’s authority. But at least the incoming Biden people would have to jump through a few hoops.” ~ Daniel J. Mitchell
-
•
A Second National Lockdown is Dangerous and Reckless
“To say that now the entire country should enter a 4-6 week shutdown stricter than all that came before is not only tone deaf but reckless. Such a policy will likely have untold consequences that go beyond economic devastation. Suicides, substance abuse, and social turmoil have been exacerbated as a result of lockdowns, and they…
-
•
Joe Biden, the New York Times, ‘Dark’ Winters, and ‘Terrifying Surges’
“The more a country tests, the more infections that country will unearth. Doctors and other experts can decide for themselves whether relentless testing is good, bad, or not terribly relevant, but it presumably explains a lot when it comes to virus spread in the U.S. More than politicians and sub-editors want to admit, their predictions…
-
•
Tyler Cowen Is Wrong About Great Barrington Declaration on Lockdown Policies
“Lockdowns are being re-imposed across Europe, and we’re in increasing danger of seeing them re-imposed in parts of the United States. Ironically, if policy makers heed the advice in the Great Barrington Declaration, which Tyler disagrees with, then the lockdowns would be behind us.” ~ Benjamin Powell
-
•
Who to Believe? What to Believe?
“The real world is complex and most of us do not have the information, or the information processing capabilities, to make sense out of much of it. So instead of jumping on intellectual bandwagons and opining that Y is the best color, or masks work because … they do!, or somebody on TV says so,…
-
•
Elections and Legitimacy
“The election results will likely further erode federal legitimacy at a time when Uncle Sam has no trust to spare. How many more election debacles and brazen abuses of power does Washington believe the American people will tolerate?” ~ James Bovard
-
•
David Skarbek on Prison Order
“At best Skarbek has illustrated how governance institutions can be analyzed, providing us with a fascinating case study of prison life in a dozen settings. A bit more charitably, governance theory applied to prisons is not falsified by the examples he uses. Whether he has proven the usefulness of the theory, or its ability to…
-
•
What Drives Progress: The State or the Market?
“The idea of an entrepreneurial state as proposed by Mazzucato is a romantic one. It’s an idea that people can come together and through sheer will can make innovation happen. That some very smart people with fancy degrees and prestigious titles can steer society to an optimal location. The only problem with that is just…
-
•
Small-Business Survey Shows Mixed Expectations in October
“Small-business confidence was unchanged in October, but details of the survey suggest a mixed outlook.” – Robert Hughes
-
•
Why Politics Breeds Divisive Fears and Angers
“Politics becomes a life and death struggle, a fight to the finish, since the winning side with the majority upper hand is able to impose and enforce its views and values on all in society. Only by limiting government to those few though essential functions can these tensions, angers, and divisions be reduced or even…