Daily Economy
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QE Goes Global
“In a fiat currency world the limits of central bank balance sheet expansion remain unclear, but, as the world economy recovers from the largest economic shock in generations, those limits will become clear. For the large, DM, central banks, these EM limits will be noted with care. Japan has been the petri dish of global…
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The Sketchy Claims of the Case for a Mask Mandate
“The fall 2020 case surge came many months after the widespread adoption of masks in these regions. Masks are not the next big policy step to take, but rather one that most of the afflicted regions have already taken. They simply weren’t the universal panacea that our media and parts of the epidemiology profession promised.”…
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The Trustbuster’s Fatal Conceit
“It is important to remember that while tech is today’s poster child for antitrust reform, the proposed antitrust overhaul will reach far beyond the technology sector. All American companies will be forced to play by the new rules and the stifling effects of stricter enforcement will affect the entire U.S. economy.” ~ Wayne T. Brough
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A Comprehensive Case Against Lockdowns: How Dr. Ari Joffe Changed His Mind
“We must open up society to save many more lives than we can by attempting to avoid every case (or even most cases) of COVID-19. It is past time to take an effortful pause, calibrate our response to the true risk, make rational cost-benefit analyses of the trade-offs, and end the lockdown groupthink.” ~ Ari…
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Why This Disastrous Experiment Also Hurt States that Did Not Lock Down
“How much more shrunken would the state’s economy be if the state had locked down in the way that California or New York had? That’s the more important measure.” ~ John Tamny
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Google is Not a Monopoly
“Google is a lot of things. Maybe they have become evil, as the left would tell us when alleging that YouTube’s algorithms are unwittingly supporting, galvanizing, and expanding the alt-right or as the right would tell us when alleging that Google’s search results are rigged to advance a progressive agenda. The charge of “monopoly” doesn’t…
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Revised Data Show Initial Claims Plateauing
“Initial claims for unemployment benefits are hovering around 800,000, sustaining doubts about the durability of the recovery.” – Robert Hughes
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Climate Catastrophism and a Sensible Environmentalism
“We should deal with the threats of climate change, but we should do so sensibly and in conjunction with other threats. Because one thing is dangerous and potentially harmful, every other dangerous and harmful thing doesn’t just go away.” ~ Joakim Book
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The Inconsistent Messaging Behind Lockdowns
“We would all be better off if an honest and principled conversation can take place. If lockdowns are found to be undesirable based on all the various considerations from the science to the economics, then we can move on to more productive conversations. There is no need to flip flop, censor, misconstrue, confuse, or otherwise…
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“Choose Your Liar” Democracy
“In the short run, the political game is rigged so that winners capture far more power than many, if not most, Americans would willingly cede to them and vastly more than the Constitution permits. But citizens can reduce the hazards they face by remembering that winning votes never redeemed a rascal. The winner of next…
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•
QE Goes Global
“In a fiat currency world the limits of central bank balance sheet expansion remain unclear, but, as the world economy recovers from the largest economic shock in generations, those limits will become clear. For the large, DM, central banks, these EM limits will be noted with care. Japan has been the petri dish of global…
-
•
The Sketchy Claims of the Case for a Mask Mandate
“The fall 2020 case surge came many months after the widespread adoption of masks in these regions. Masks are not the next big policy step to take, but rather one that most of the afflicted regions have already taken. They simply weren’t the universal panacea that our media and parts of the epidemiology profession promised.”…
-
•
The Trustbuster’s Fatal Conceit
“It is important to remember that while tech is today’s poster child for antitrust reform, the proposed antitrust overhaul will reach far beyond the technology sector. All American companies will be forced to play by the new rules and the stifling effects of stricter enforcement will affect the entire U.S. economy.” ~ Wayne T. Brough
-
•
A Comprehensive Case Against Lockdowns: How Dr. Ari Joffe Changed His Mind
“We must open up society to save many more lives than we can by attempting to avoid every case (or even most cases) of COVID-19. It is past time to take an effortful pause, calibrate our response to the true risk, make rational cost-benefit analyses of the trade-offs, and end the lockdown groupthink.” ~ Ari…
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•
Why This Disastrous Experiment Also Hurt States that Did Not Lock Down
“How much more shrunken would the state’s economy be if the state had locked down in the way that California or New York had? That’s the more important measure.” ~ John Tamny
-
•
Google is Not a Monopoly
“Google is a lot of things. Maybe they have become evil, as the left would tell us when alleging that YouTube’s algorithms are unwittingly supporting, galvanizing, and expanding the alt-right or as the right would tell us when alleging that Google’s search results are rigged to advance a progressive agenda. The charge of “monopoly” doesn’t…
-
•
Revised Data Show Initial Claims Plateauing
“Initial claims for unemployment benefits are hovering around 800,000, sustaining doubts about the durability of the recovery.” – Robert Hughes
-
•
Climate Catastrophism and a Sensible Environmentalism
“We should deal with the threats of climate change, but we should do so sensibly and in conjunction with other threats. Because one thing is dangerous and potentially harmful, every other dangerous and harmful thing doesn’t just go away.” ~ Joakim Book
-
•
The Inconsistent Messaging Behind Lockdowns
“We would all be better off if an honest and principled conversation can take place. If lockdowns are found to be undesirable based on all the various considerations from the science to the economics, then we can move on to more productive conversations. There is no need to flip flop, censor, misconstrue, confuse, or otherwise…
-
•
“Choose Your Liar” Democracy
“In the short run, the political game is rigged so that winners capture far more power than many, if not most, Americans would willingly cede to them and vastly more than the Constitution permits. But citizens can reduce the hazards they face by remembering that winning votes never redeemed a rascal. The winner of next…