Daily Economy
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The Politicization of the Post Office was Inevitable
“The origins of the Post Office are political. No doubt about it. Why should we be surprised that, given these origins, the USPS is still a tool for politicking today?” ~ Vincent Geloso
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Older Americans Should Be Anti-Lockdown Activists
“The best policy on dealing with a virus – bolstering immunities among young people while protecting the vulnerable – is the freedom to behave rationally. Any other policy risks the kind of carnage we see all around us today, even as the virus has wickedly and profoundly affected our oldest Americans.” ~ Jeffrey Tucker
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Yes, It Was “Real Socialism.” No, We Shouldn’t Try Again.
“Feelings can be deceptive, however, and good intentions do not readily translate into good outcomes. Socialism, as Niemietz explains, has failed repeatedly. It never dies—but it should.” ~ Art Carden
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Existing-Home Sales Surge in July, Extending Sharp Recovery
Existing-home sales jumped again in July, making housing a bright spot for the economy, but the outlook remains highly uncertain.
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Terrible Policies Possess Both Virulence and Prevalence
“We have civilization and prosperity not because we are smart but because we permit the freedom to cooperate toward building smart social and economic institutions.” ~ Robert E. Wright
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Ride Sharing and the Absurdity of “Protecting” Workers Out of a Job
“Government regulation unnecessarily pushes up transaction costs. In this case, by mandating unwanted benefits, those transaction costs are so high that Uber/Lyft are choosing not to transact at all in California. This is a huge loss for Uber, Lyft, its drivers, and their thousands of customers.” ~ Raymond C. Niles
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Happy Birthday to Libertarian Firebrand Walter Block
“His positions can be very, very off-putting. He strips pretty much everything down to a simple question: ‘Is it voluntary?’ If the answer is ‘yes,’ then he argues that we have no right to interfere no matter how much we might disapprove.” ~ Art Carden
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For Economic Recovery, the Lockdowns Must End (Videos)
I’ve been doing some media appearances on the ongoing economic stagnation. It is not an accident of history. It is an imposition by governments. Constantly changing rules and stringencies hamper economic recovery, harm especially small and medium sized business, and drive down investment and income.
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Governments Are Faking It, and Copying Each Other
“A mystery for months is how it is that so many governments in so many different places on earth could have adopted the same or very similar preposterous policies, no matter the threat level of the virus, and without firm evidence that interventions had any hope of being effective.” ~ Jeffrey Tucker
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•
Initial Claims for Unemployment Benefits Rise as Restrictions Sustain Uncertainty
Initial claims for unemployment benefits rose in the latest week and unemployment remains very high, suggesting complete economic recovery may be a long way off.
-
•
The Politicization of the Post Office was Inevitable
“The origins of the Post Office are political. No doubt about it. Why should we be surprised that, given these origins, the USPS is still a tool for politicking today?” ~ Vincent Geloso
-
•
Older Americans Should Be Anti-Lockdown Activists
“The best policy on dealing with a virus – bolstering immunities among young people while protecting the vulnerable – is the freedom to behave rationally. Any other policy risks the kind of carnage we see all around us today, even as the virus has wickedly and profoundly affected our oldest Americans.” ~ Jeffrey Tucker
-
•
Yes, It Was “Real Socialism.” No, We Shouldn’t Try Again.
“Feelings can be deceptive, however, and good intentions do not readily translate into good outcomes. Socialism, as Niemietz explains, has failed repeatedly. It never dies—but it should.” ~ Art Carden
-
•
Existing-Home Sales Surge in July, Extending Sharp Recovery
Existing-home sales jumped again in July, making housing a bright spot for the economy, but the outlook remains highly uncertain.
-
•
Terrible Policies Possess Both Virulence and Prevalence
“We have civilization and prosperity not because we are smart but because we permit the freedom to cooperate toward building smart social and economic institutions.” ~ Robert E. Wright
-
•
Ride Sharing and the Absurdity of “Protecting” Workers Out of a Job
“Government regulation unnecessarily pushes up transaction costs. In this case, by mandating unwanted benefits, those transaction costs are so high that Uber/Lyft are choosing not to transact at all in California. This is a huge loss for Uber, Lyft, its drivers, and their thousands of customers.” ~ Raymond C. Niles
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•
Happy Birthday to Libertarian Firebrand Walter Block
“His positions can be very, very off-putting. He strips pretty much everything down to a simple question: ‘Is it voluntary?’ If the answer is ‘yes,’ then he argues that we have no right to interfere no matter how much we might disapprove.” ~ Art Carden
-
•
For Economic Recovery, the Lockdowns Must End (Videos)
I’ve been doing some media appearances on the ongoing economic stagnation. It is not an accident of history. It is an imposition by governments. Constantly changing rules and stringencies hamper economic recovery, harm especially small and medium sized business, and drive down investment and income.
-
•
Governments Are Faking It, and Copying Each Other
“A mystery for months is how it is that so many governments in so many different places on earth could have adopted the same or very similar preposterous policies, no matter the threat level of the virus, and without firm evidence that interventions had any hope of being effective.” ~ Jeffrey Tucker
-
•
Initial Claims for Unemployment Benefits Rise as Restrictions Sustain Uncertainty
Initial claims for unemployment benefits rose in the latest week and unemployment remains very high, suggesting complete economic recovery may be a long way off.