Daily Economy
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Letter from a Populist
“Populist beneficence — using funds taken from the populace via taxation and/or inflation — is a favorite tactic of authoritarian and “banana republic” governments the world over.” ~ Raymond Niles
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Ownership Is Not a Bundle
” If property is a bundle of a finite number of previously separate use-rights, put together by government (the bundler), then in what sense does the government ever tread on liberty?” ~ Dan Klein
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To End an Era of Brutality, End Qualified Immunity
“If qualified immunity has been acting as insurance for police officers, to retire the legal doctrine would lead officers to bear greater legal risk. The theory goes that in bearing this risk, officers will be incentivized to engage in their service more carefully. But this does not change the fact that the officers will be…
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What We Can Learn from Other Bear Markets Since the Late Sixties
“The fiscal spigot of government largesse is more arbitrary; it will require a deeper understanding of corporate value to separate the wheat from the chaff. Sadly, markets will be no freer but they may, at least, be untethered from the coattails of the Fed.” ~ Colin Lloyd
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How We Got Into this Mess
“What we do know is that many states, especially highly populated ones like California and New York, put heavy constraints on individual freedom, destroying productive activities and causing havoc. By one estimate, lockdowns are costing the nation some $80 billion a week in lost production.” ~ George Melloan
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The Simple Logic of Free Markets and Retaliation
“If the U.S. retaliates against Chinese industrial policy with American industrial policy, both countries end up in the box in the lower left-hand corner – for each, the worst possible outcome.” ~ Donald Boudreaux
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Doux Commerce Amidst the Stars
“States will be the primary actors in space for the foreseeable future, if for no other reason than the existing legal framework requires it. But commerce will be the driving force behind the new space age. Production and trade will enable human flourishing in orbit and beyond, just as they have on earth.” ~ Alexander…
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Manufacturing Survey Less Negative in May
The ISM Manufacturing survey showed some improvement in May with several components rebounding from multi-year or record lows.
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The Real Looters are the Politicians
“It remains to be seen whether mayors will have the gumption to throw the book at the thieves. But it is even less likely that the politicians and other government officials who inflicted far greater damage on the economy will ever be held liable.” ~ James Bovard
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That’s One Way to End a Lockdown
“The best laid plans: inspired by myopic modelers, eschewing of expert opinions of dissident scientists, disregarding of essential rights, fueled by media fabrications and irresponsibility, imposed by governments at all levels. It’s a new chapter of The Road to Serfdom.” ~ AIER
-
•
Letter from a Populist
“Populist beneficence — using funds taken from the populace via taxation and/or inflation — is a favorite tactic of authoritarian and “banana republic” governments the world over.” ~ Raymond Niles
-
•
Ownership Is Not a Bundle
” If property is a bundle of a finite number of previously separate use-rights, put together by government (the bundler), then in what sense does the government ever tread on liberty?” ~ Dan Klein
-
•
To End an Era of Brutality, End Qualified Immunity
“If qualified immunity has been acting as insurance for police officers, to retire the legal doctrine would lead officers to bear greater legal risk. The theory goes that in bearing this risk, officers will be incentivized to engage in their service more carefully. But this does not change the fact that the officers will be…
-
•
What We Can Learn from Other Bear Markets Since the Late Sixties
“The fiscal spigot of government largesse is more arbitrary; it will require a deeper understanding of corporate value to separate the wheat from the chaff. Sadly, markets will be no freer but they may, at least, be untethered from the coattails of the Fed.” ~ Colin Lloyd
-
•
How We Got Into this Mess
“What we do know is that many states, especially highly populated ones like California and New York, put heavy constraints on individual freedom, destroying productive activities and causing havoc. By one estimate, lockdowns are costing the nation some $80 billion a week in lost production.” ~ George Melloan
-
•
The Simple Logic of Free Markets and Retaliation
“If the U.S. retaliates against Chinese industrial policy with American industrial policy, both countries end up in the box in the lower left-hand corner – for each, the worst possible outcome.” ~ Donald Boudreaux
-
•
Doux Commerce Amidst the Stars
“States will be the primary actors in space for the foreseeable future, if for no other reason than the existing legal framework requires it. But commerce will be the driving force behind the new space age. Production and trade will enable human flourishing in orbit and beyond, just as they have on earth.” ~ Alexander…
-
•
Manufacturing Survey Less Negative in May
The ISM Manufacturing survey showed some improvement in May with several components rebounding from multi-year or record lows.
-
•
The Real Looters are the Politicians
“It remains to be seen whether mayors will have the gumption to throw the book at the thieves. But it is even less likely that the politicians and other government officials who inflicted far greater damage on the economy will ever be held liable.” ~ James Bovard
-
•
That’s One Way to End a Lockdown
“The best laid plans: inspired by myopic modelers, eschewing of expert opinions of dissident scientists, disregarding of essential rights, fueled by media fabrications and irresponsibility, imposed by governments at all levels. It’s a new chapter of The Road to Serfdom.” ~ AIER