Daily Economy
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Political Legitimacy Dies in 2020
“As Thomas Jefferson declared in 1786, ‘An elective despotism was not the government we fought for.’ What’s the point of voting if ‘government under the law’ is not a choice on Election Day? American political legitimacy will continue plummeting as long as politicians scorn any legal and constitutional limits on their power.” ~ James Bovard
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The Washington Football Team Should Be Called The Candlemakers
“Bastiat laid bare the absurdity of so many arguments for protection, subsidy (for the stadium the Candlemakers would call home, for example), and regulation. The name would be a perfect homage to the never-ending stream of privilege-seeking supplicants filling the lobbies of Washington and looking for new ways to pick the pockets of their competitors,…
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The Bloodless Political Class and Its Lack of Empathy
“Power is dangerous even when not used, but deploying it brutally and pointlessly rots the soul. This is a good description of almost the entire ruling class around the world today, save a few civilized countries that never locked down.” ~ Jeffrey Tucker
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New Durable-Goods Orders Rise Again in June
Manufacturers’ new orders for durable goods rose again in June, showing that easing government restrictions should lead to economic recovery, but resurging COVID-19 increases risks.
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Gold and Free Banking versus Central Banking
“In the absence of government regulation and monopoly control, a free monetary and banking system would exist; it would not have to be created, designed, or supported. A market-based system would naturally emerge, take form, and develop out of the prior system of monetary central planning.” ~ Richard M. Ebeling
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Three Ways that Workers Can Be Underpaid
“The bottom line is clear: government is the largest cause of worker underpayment and open, free markets for labor are the best protection against any kind of underpayment.” ~ Donald J. Boudreaux
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Restoring Our Troubled Academy
” Shared governance has produced an educational and political crisis. As long as the faculty and top administrators are in charge, the academy will continue to be wasteful, self-serving, and inappropriately political. Change must come from above, where the board is supposed to be.” ~ Jay Schalin
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Don’t Close the Schools but Protect Teachers and Staff
“This issue should not be resolved with school closures. Rather schools should do the best they can to craft tailored responses that will allow them to stay open while ensuring vulnerable individuals are accommodated. Ultimately we must do the best we can to get society back on track to normalcy as the sacrifices that have…
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How Global Capitalism Boosted Immunities
“The implications of Gupta’s view – and its flipping of the run-and-hide, shelter-in-place narrative – offer a promising new way to understand the relationship between modern capitalism and the dramatic improvements in human health we’ve experienced over a century. It also sends up a warning flare: if we stay on the present course of hiding…
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Ridiculous Liquor Regulations
“The good news is that evasive entrepreneurs and an increasingly technologically-empowered public will keep pushing back and hopefully whittle away at the continuing vestiges of Prohibition Era stupidity. Where there’s a will, there’s a way, and when people want a drink, crafty entrepreneurs will usually find a way to deliver.” ~ Adam Thierer
-
•
Political Legitimacy Dies in 2020
“As Thomas Jefferson declared in 1786, ‘An elective despotism was not the government we fought for.’ What’s the point of voting if ‘government under the law’ is not a choice on Election Day? American political legitimacy will continue plummeting as long as politicians scorn any legal and constitutional limits on their power.” ~ James Bovard
-
•
The Washington Football Team Should Be Called The Candlemakers
“Bastiat laid bare the absurdity of so many arguments for protection, subsidy (for the stadium the Candlemakers would call home, for example), and regulation. The name would be a perfect homage to the never-ending stream of privilege-seeking supplicants filling the lobbies of Washington and looking for new ways to pick the pockets of their competitors,…
-
•
The Bloodless Political Class and Its Lack of Empathy
“Power is dangerous even when not used, but deploying it brutally and pointlessly rots the soul. This is a good description of almost the entire ruling class around the world today, save a few civilized countries that never locked down.” ~ Jeffrey Tucker
-
•
New Durable-Goods Orders Rise Again in June
Manufacturers’ new orders for durable goods rose again in June, showing that easing government restrictions should lead to economic recovery, but resurging COVID-19 increases risks.
-
•
Gold and Free Banking versus Central Banking
“In the absence of government regulation and monopoly control, a free monetary and banking system would exist; it would not have to be created, designed, or supported. A market-based system would naturally emerge, take form, and develop out of the prior system of monetary central planning.” ~ Richard M. Ebeling
-
•
Three Ways that Workers Can Be Underpaid
“The bottom line is clear: government is the largest cause of worker underpayment and open, free markets for labor are the best protection against any kind of underpayment.” ~ Donald J. Boudreaux
-
•
Restoring Our Troubled Academy
” Shared governance has produced an educational and political crisis. As long as the faculty and top administrators are in charge, the academy will continue to be wasteful, self-serving, and inappropriately political. Change must come from above, where the board is supposed to be.” ~ Jay Schalin
-
•
Don’t Close the Schools but Protect Teachers and Staff
“This issue should not be resolved with school closures. Rather schools should do the best they can to craft tailored responses that will allow them to stay open while ensuring vulnerable individuals are accommodated. Ultimately we must do the best we can to get society back on track to normalcy as the sacrifices that have…
-
•
How Global Capitalism Boosted Immunities
“The implications of Gupta’s view – and its flipping of the run-and-hide, shelter-in-place narrative – offer a promising new way to understand the relationship between modern capitalism and the dramatic improvements in human health we’ve experienced over a century. It also sends up a warning flare: if we stay on the present course of hiding…
-
•
Ridiculous Liquor Regulations
“The good news is that evasive entrepreneurs and an increasingly technologically-empowered public will keep pushing back and hopefully whittle away at the continuing vestiges of Prohibition Era stupidity. Where there’s a will, there’s a way, and when people want a drink, crafty entrepreneurs will usually find a way to deliver.” ~ Adam Thierer