Daily Economy
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Vegan Butter and the History of Regulatory Capture
“At any point in time, say at present, the cost of this instrumentalization of regulatory agencies for private purposes appears minimal. After all, only an infinitesimal fraction of the economy is affected. Yet, try picturing a counterfactual America where the regulatory waltz that began in the late 19th century never actually started. How much richer…
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Light-Vehicle Sales Top 15-million Annualized Rate in August
Auto sales continued to rebound in August from the policy-induced record plunge during lockdowns but remain below the prior range.
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Profit and Loss and Mr. Biden
“Sound bites may be good for political harangues but they are never enough for true understanding. Dissing profits is misleading if no distinction is made between consumer-driven competitive profits and crony-capitalist ones, or if losses are overlooked.” ~ Warren C. Gibson
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Manufacturing Sector Recovery Continued in August
The ISM Manufacturing survey suggests activity continues to recover from the dramatic lockdown-related plunge, but the survey also suggests labor dynamics remain weak.
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Plato v. Mises: Mises Wins
“The Noble Lie is not noble; if we all repeat it and we are taught it in state schools, before long it’s not even a lie. Because worshippers of the state actually persuade themselves that the whole thing is true. Yes, we are all born equal, but some of us are more equal than others.…
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Material Benefits Are Not Merely Material
“Had this material wealth been produced in less abundance, the range of higher goals that ordinary Americans would today be able to pursue would be narrower. And this material wealth would indeed have been produced in less abundance had Americans been saddled with more of the tariffs, subsidies, and other government interventions for which Oren…
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Will You Choose Freedom?
“In George Orwell’s classic dystopian novel “1984,” protagonist Winston wonders whether he is the only person who retains a real memory and doubts the narrative of The Party. He has no way to find out whether everyone else truly believes the government-revised version of history, or simply acts like they do.” ~ Stacey Rudin
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Unmasking Masks
“As the sundry shelter-in-place orders inevitably gave way, the same government officials who bade our faces to go bare in March and April replaced them with mask mandates. Although less detrimental to the economy than lockdowns, masking may turn out to be even more deadly.” ~ Robert E. Wright
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Trump’s “American Greatness” Also Political Paternalism
“Regardless of each citizen’s decision on how they may or may not vote in the coming November election, the real battle for the future of America is in this longer-term conflict of ideas, and the courage and willingness to not be despondent but, instead, shoulder some part of the effort to make that liberal Utopia…
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Entrepreneurship May Die Too
“America’s saving grace may be that most of the rest of the world, even Anglosphere countries like Australia and New Zealand, screwed up even worse. But the biggest threat was never a mass exodus of entrepreneurs, it was the loss of entrepreneurship itself.” ~ Robert E. Wright
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•
Vegan Butter and the History of Regulatory Capture
“At any point in time, say at present, the cost of this instrumentalization of regulatory agencies for private purposes appears minimal. After all, only an infinitesimal fraction of the economy is affected. Yet, try picturing a counterfactual America where the regulatory waltz that began in the late 19th century never actually started. How much richer…
-
•
Light-Vehicle Sales Top 15-million Annualized Rate in August
Auto sales continued to rebound in August from the policy-induced record plunge during lockdowns but remain below the prior range.
-
•
Profit and Loss and Mr. Biden
“Sound bites may be good for political harangues but they are never enough for true understanding. Dissing profits is misleading if no distinction is made between consumer-driven competitive profits and crony-capitalist ones, or if losses are overlooked.” ~ Warren C. Gibson
-
•
Manufacturing Sector Recovery Continued in August
The ISM Manufacturing survey suggests activity continues to recover from the dramatic lockdown-related plunge, but the survey also suggests labor dynamics remain weak.
-
•
Plato v. Mises: Mises Wins
“The Noble Lie is not noble; if we all repeat it and we are taught it in state schools, before long it’s not even a lie. Because worshippers of the state actually persuade themselves that the whole thing is true. Yes, we are all born equal, but some of us are more equal than others.…
-
•
Material Benefits Are Not Merely Material
“Had this material wealth been produced in less abundance, the range of higher goals that ordinary Americans would today be able to pursue would be narrower. And this material wealth would indeed have been produced in less abundance had Americans been saddled with more of the tariffs, subsidies, and other government interventions for which Oren…
-
•
Will You Choose Freedom?
“In George Orwell’s classic dystopian novel “1984,” protagonist Winston wonders whether he is the only person who retains a real memory and doubts the narrative of The Party. He has no way to find out whether everyone else truly believes the government-revised version of history, or simply acts like they do.” ~ Stacey Rudin
-
•
Unmasking Masks
“As the sundry shelter-in-place orders inevitably gave way, the same government officials who bade our faces to go bare in March and April replaced them with mask mandates. Although less detrimental to the economy than lockdowns, masking may turn out to be even more deadly.” ~ Robert E. Wright
-
•
Trump’s “American Greatness” Also Political Paternalism
“Regardless of each citizen’s decision on how they may or may not vote in the coming November election, the real battle for the future of America is in this longer-term conflict of ideas, and the courage and willingness to not be despondent but, instead, shoulder some part of the effort to make that liberal Utopia…
-
•
Entrepreneurship May Die Too
“America’s saving grace may be that most of the rest of the world, even Anglosphere countries like Australia and New Zealand, screwed up even worse. But the biggest threat was never a mass exodus of entrepreneurs, it was the loss of entrepreneurship itself.” ~ Robert E. Wright