Daily Economy
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Is ‘Capitalism’ Modern?
“Capitalism in this account is not truly modern, inasmuch as something we can describe with that word has existed repeatedly in history. It has usually come to a bad end, because of the way private wealth and fear of losing it has interacted with predatory power, but in the modern world we have avoided that.…
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This Pandemic Is Not Homeschooling’s Moment
“Proponents of alternative education would be wise to reflect on their praise of America’s forced experiment in ‘homeschooling.’ Because while this experience may compel some parents to keep their kids at home, there will be millions of students who return to physical schools with nothing but disenchantment with a system that may have held all…
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Individualism and Public Health: Tensions and Challenges
“The aim should be to strictly fence off and limit the scope of coercive public health as both an ideal and a practice. We should think of it as something like a nuclear reactor core – useful, even essential but something that needs to be tightly contained. This is the kind of project and activity…
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Month Four of the Panic: Where Is the Evidence?
“If there is no extraordinary evidence, why are there such extraordinary claims and responses? Why has the world medical, social, and economic order been torn apart for a pandemic that looks much like a normal influenza pandemic? These are the questions for which we will be seeking answers for years to come.” ~ Roger W.…
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The Coin Shortage: A Big Deal about Small Change
“Our smaller denomination coins cost more to produce than they are worth, and burden our transactions with tedious calculations. Temporarily, due to the virus, some of our businesses are suspending dealing in these coins. Perhaps soon we will replace our coinage with one that makes sense.” ~ Clifford F. Thies
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How to Get Americans Off unemployment Amid the Virus (Video)
“I was happy to discuss with Neil Cavuto the ridiculous amount of money the federal government has spent to combat the economic impact of the coronavirus and the long-term impact of this spending on employment and fiscal health.” ~Edward Peter Stringham
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Technocrats Should Observe the Hippocratic Oath
“Whether by today’s standards or a medieval one, at a certain level of influence, unqualified prognostication is either ignorant, irresponsible, or deceptive. Pithy epigrams alongside basic skepticism, knowledge of personal hygiene, and a propensity to self-isolate in the face of illness have superintended the human relationship with microorganisms more than massive agent-based models ever will.”…
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Adding Detail to Paul Romer’s Simplistic Plan for Reopening America
“Romer has in fact not thought this plan through very deeply, and his response to critiques seems to be that they shouldn’t do so either. His is a superficial plan that relies on magical thinking.” ~ James E. Hanley
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Who Owns Leftover and Abandoned Bar Food?
“Figuring out the exact property rights isn’t worth the hassle: it’s too little and too rare to care about enforcing whatever legal right might be applicable in various jurisdictions. In practice, the ownership of leftover food is up to the social norms in the country you’re in, or even the attitude of the staff at…
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The Sordid History of Scam Science
“We have to return to teaching people how to research and think for themselves and not just mindlessly jump on #bandwagons while falling for gross rhetorical tricks.” ~ Robert E. Wright
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Is ‘Capitalism’ Modern?
“Capitalism in this account is not truly modern, inasmuch as something we can describe with that word has existed repeatedly in history. It has usually come to a bad end, because of the way private wealth and fear of losing it has interacted with predatory power, but in the modern world we have avoided that.…
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•
This Pandemic Is Not Homeschooling’s Moment
“Proponents of alternative education would be wise to reflect on their praise of America’s forced experiment in ‘homeschooling.’ Because while this experience may compel some parents to keep their kids at home, there will be millions of students who return to physical schools with nothing but disenchantment with a system that may have held all…
-
•
Individualism and Public Health: Tensions and Challenges
“The aim should be to strictly fence off and limit the scope of coercive public health as both an ideal and a practice. We should think of it as something like a nuclear reactor core – useful, even essential but something that needs to be tightly contained. This is the kind of project and activity…
-
•
Month Four of the Panic: Where Is the Evidence?
“If there is no extraordinary evidence, why are there such extraordinary claims and responses? Why has the world medical, social, and economic order been torn apart for a pandemic that looks much like a normal influenza pandemic? These are the questions for which we will be seeking answers for years to come.” ~ Roger W.…
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•
The Coin Shortage: A Big Deal about Small Change
“Our smaller denomination coins cost more to produce than they are worth, and burden our transactions with tedious calculations. Temporarily, due to the virus, some of our businesses are suspending dealing in these coins. Perhaps soon we will replace our coinage with one that makes sense.” ~ Clifford F. Thies
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•
How to Get Americans Off unemployment Amid the Virus (Video)
“I was happy to discuss with Neil Cavuto the ridiculous amount of money the federal government has spent to combat the economic impact of the coronavirus and the long-term impact of this spending on employment and fiscal health.” ~Edward Peter Stringham
-
•
Technocrats Should Observe the Hippocratic Oath
“Whether by today’s standards or a medieval one, at a certain level of influence, unqualified prognostication is either ignorant, irresponsible, or deceptive. Pithy epigrams alongside basic skepticism, knowledge of personal hygiene, and a propensity to self-isolate in the face of illness have superintended the human relationship with microorganisms more than massive agent-based models ever will.”…
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•
Adding Detail to Paul Romer’s Simplistic Plan for Reopening America
“Romer has in fact not thought this plan through very deeply, and his response to critiques seems to be that they shouldn’t do so either. His is a superficial plan that relies on magical thinking.” ~ James E. Hanley
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•
Who Owns Leftover and Abandoned Bar Food?
“Figuring out the exact property rights isn’t worth the hassle: it’s too little and too rare to care about enforcing whatever legal right might be applicable in various jurisdictions. In practice, the ownership of leftover food is up to the social norms in the country you’re in, or even the attitude of the staff at…
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•
The Sordid History of Scam Science
“We have to return to teaching people how to research and think for themselves and not just mindlessly jump on #bandwagons while falling for gross rhetorical tricks.” ~ Robert E. Wright