Daily Economy
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New Home Sales Jump to the Highest Level Since 2007
Sales of new single-family homes rose to a 12-year high as low mortgage rates support increased demand.
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In Praise of Evasive Entrepreneurs
“Evasive Entrepreneurs is a welcome contribution that provides great insights into the regulatory process and the need to protect permissionless innovation. For Thierer, innovation matters because it feeds the engine of economic growth and plays a key role in expanding liberty. But, as he concludes, ‘we will only attain that goal by vociferously defending the…
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The Make-‘Em-Miserable Hypothesis
“If a careful formulation of the make-em-miserable hypothesis contains an element of truth, correction must come from those whose conduct manifests the phenomenon. They must look carefully, they must look bravely, into what Ronald Coase called ‘the total effect’ of their conduct and beliefs.” ~ Daniel B. Klein
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The Latest Investment Fad Is Unsustainable
“Just as Greens can destroy the environment, corporate social responsibility can wreck society while tricking ESG investors to feel good about themselves in the process.” ~ Robert E. Wright
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Fauci Is Wrong: New York Did Not Do it “Correctly”
“The deep human costs of this virus and its corresponding policies have been exacerbated by blind hubris and unfounded pride––which, to no small extent, saw their expression in the conceit of rule by models. Though it might be too little too late, diligent reflection and readjustment in future pandemic combat efforts will be the only…
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Initial Claims for Unemployment Benefits Rise as Continuing Claims Fall
Labor market indicators are becoming mixed, suggesting the emerging recovery may be at risk.
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The Indispensability of Economics
“When we see the potential of freely interacting individuals, economic understanding becomes necessarily built on hope. Hope about innovation, mutual agreement, peace, and prosperity. When people are left to their own devices and the rulers of society are held accountable, this is what results.” ~ Ethan Yang
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The Models Were Wildly Wrong about Reopening Too
“These flawed models begin with an unproven assumption, namely that lockdowns are effective at combating the coronavirus. The models are therefore automatically calibrated to produce a sharp spike in deaths after the removal of lockdowns or any move toward reopening.” ~ Phil Magness
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Government’s Credibility Crisis
“The readiness with which Americans accepted one of the most distilled forms of authoritarianism in a lifetime should shake us from our slumber, prompting an energetic return to Spencer’s liberalism, the humbler liberalism of granting a presumption in favor of individual people and their dignity.” ~ David S. D’Amato
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Policing Can and Should Be Privately Provided (Video)
The U.S. is at a crossroads on the topic of policing. The usual binary has framed the debate: support the police or defund the police. There is a third and better option. I was very pleased to be invited by Reason to appear in a video about private alternatives in which the police function is…
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•
New Home Sales Jump to the Highest Level Since 2007
Sales of new single-family homes rose to a 12-year high as low mortgage rates support increased demand.
-
•
In Praise of Evasive Entrepreneurs
“Evasive Entrepreneurs is a welcome contribution that provides great insights into the regulatory process and the need to protect permissionless innovation. For Thierer, innovation matters because it feeds the engine of economic growth and plays a key role in expanding liberty. But, as he concludes, ‘we will only attain that goal by vociferously defending the…
-
•
The Make-‘Em-Miserable Hypothesis
“If a careful formulation of the make-em-miserable hypothesis contains an element of truth, correction must come from those whose conduct manifests the phenomenon. They must look carefully, they must look bravely, into what Ronald Coase called ‘the total effect’ of their conduct and beliefs.” ~ Daniel B. Klein
-
•
The Latest Investment Fad Is Unsustainable
“Just as Greens can destroy the environment, corporate social responsibility can wreck society while tricking ESG investors to feel good about themselves in the process.” ~ Robert E. Wright
-
•
Fauci Is Wrong: New York Did Not Do it “Correctly”
“The deep human costs of this virus and its corresponding policies have been exacerbated by blind hubris and unfounded pride––which, to no small extent, saw their expression in the conceit of rule by models. Though it might be too little too late, diligent reflection and readjustment in future pandemic combat efforts will be the only…
-
•
Initial Claims for Unemployment Benefits Rise as Continuing Claims Fall
Labor market indicators are becoming mixed, suggesting the emerging recovery may be at risk.
-
•
The Indispensability of Economics
“When we see the potential of freely interacting individuals, economic understanding becomes necessarily built on hope. Hope about innovation, mutual agreement, peace, and prosperity. When people are left to their own devices and the rulers of society are held accountable, this is what results.” ~ Ethan Yang
-
•
The Models Were Wildly Wrong about Reopening Too
“These flawed models begin with an unproven assumption, namely that lockdowns are effective at combating the coronavirus. The models are therefore automatically calibrated to produce a sharp spike in deaths after the removal of lockdowns or any move toward reopening.” ~ Phil Magness
-
•
Government’s Credibility Crisis
“The readiness with which Americans accepted one of the most distilled forms of authoritarianism in a lifetime should shake us from our slumber, prompting an energetic return to Spencer’s liberalism, the humbler liberalism of granting a presumption in favor of individual people and their dignity.” ~ David S. D’Amato
-
•
Policing Can and Should Be Privately Provided (Video)
The U.S. is at a crossroads on the topic of policing. The usual binary has framed the debate: support the police or defund the police. There is a third and better option. I was very pleased to be invited by Reason to appear in a video about private alternatives in which the police function is…