Daily Economy
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A Stay-At-Home Summer Travelogue
“One of the reasons we travel, and interact with people different from ourselves, is that we need to remember that things we take for granted could be done differently, and maybe improved.” ~ Michael Munger
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Pandemic Policy in One Page
“All the sound reasons why central planning does not and cannot work in the case of the general economy apply equally in this case, along with a few other reasons which are specific to epidemics.” ~ David Hart
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Economics Just Lost Two Giants
“These thinkers are united by their devotion to understanding the institutions which underpin free and flourishing societies. They both understood that society’s “rules of the game” structure the incentives that economic actors face and downstream of these incentives lie the economic outcomes—for better or for worse.” ~ Caleb Fuller
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Free Speech Is Not Just Partisan Speech with Which You Agree
“President Trump — and your supporters — lay off Twitter, and the other tech media platforms. All politicians of every political party should stop attacking the media and declare their support for the First Amendment.” ~ Raymond Niles
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The World Health Organization Was Against Quarantines Only Last Year
“The real problem is epistemic: who is to decide what is normal, mild, moderate, or severe pandemic? Leave that decision to politicians and bureaucrats, and you have a problem. They do not know, and, as we’ve seen, immediately adopt the most extreme measures and go beyond them.” ~ Edward Peter Stringham
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Manufacturers’ New Orders Posted Widespread Declines in April
Manufacturers’ new orders tumbled in April on broad-based declines but as government restrictions are eased, signs of healing are likely to emerge.
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Initial Unemployment Claims Register Lowest Talley Since March
Massive layoffs continue but the trend has been slowing for eight consecutive weeks.
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Dear Nail-Biting Lockdown Lovers: Capitalism Makes Your Choice Possible
“All you nail-biting lockdown lovers can’t have it both ways. You can’t demand strict sheltering-in-place while also lamenting soaring billionaire net worth; that is, unless you think you could have easily quarantined in 2000. In which case you’re not just self-righteous, you’re also dishonest.” ~ John Tamny
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World of Warcraft’s Corrupted Blood Outbreak is Not a Model for COVID-19
“The World of Warcraft Corrupted Blood outbreak (2005) is only an accurate simulation of how fantasy game players respond to a virtual epidemic.”~Peter C. Earle
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Will the Politicians Admit Their Lockdown Mistake?
“Was this a mistake? Yes. It’s time to admit it. There ought to be acts of contrition from the political class and the modelers who advised them, in which they loudly and earnestly declare that they are heartily sorry for their sins, mea culpa, mea maxima culpa.” ~ Jeffrey Tucker
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•
A Stay-At-Home Summer Travelogue
“One of the reasons we travel, and interact with people different from ourselves, is that we need to remember that things we take for granted could be done differently, and maybe improved.” ~ Michael Munger
-
•
Pandemic Policy in One Page
“All the sound reasons why central planning does not and cannot work in the case of the general economy apply equally in this case, along with a few other reasons which are specific to epidemics.” ~ David Hart
-
•
Economics Just Lost Two Giants
“These thinkers are united by their devotion to understanding the institutions which underpin free and flourishing societies. They both understood that society’s “rules of the game” structure the incentives that economic actors face and downstream of these incentives lie the economic outcomes—for better or for worse.” ~ Caleb Fuller
-
•
Free Speech Is Not Just Partisan Speech with Which You Agree
“President Trump — and your supporters — lay off Twitter, and the other tech media platforms. All politicians of every political party should stop attacking the media and declare their support for the First Amendment.” ~ Raymond Niles
-
•
The World Health Organization Was Against Quarantines Only Last Year
“The real problem is epistemic: who is to decide what is normal, mild, moderate, or severe pandemic? Leave that decision to politicians and bureaucrats, and you have a problem. They do not know, and, as we’ve seen, immediately adopt the most extreme measures and go beyond them.” ~ Edward Peter Stringham
-
•
Manufacturers’ New Orders Posted Widespread Declines in April
Manufacturers’ new orders tumbled in April on broad-based declines but as government restrictions are eased, signs of healing are likely to emerge.
-
•
Initial Unemployment Claims Register Lowest Talley Since March
Massive layoffs continue but the trend has been slowing for eight consecutive weeks.
-
•
Dear Nail-Biting Lockdown Lovers: Capitalism Makes Your Choice Possible
“All you nail-biting lockdown lovers can’t have it both ways. You can’t demand strict sheltering-in-place while also lamenting soaring billionaire net worth; that is, unless you think you could have easily quarantined in 2000. In which case you’re not just self-righteous, you’re also dishonest.” ~ John Tamny
-
•
World of Warcraft’s Corrupted Blood Outbreak is Not a Model for COVID-19
“The World of Warcraft Corrupted Blood outbreak (2005) is only an accurate simulation of how fantasy game players respond to a virtual epidemic.”~Peter C. Earle
-
•
Will the Politicians Admit Their Lockdown Mistake?
“Was this a mistake? Yes. It’s time to admit it. There ought to be acts of contrition from the political class and the modelers who advised them, in which they loudly and earnestly declare that they are heartily sorry for their sins, mea culpa, mea maxima culpa.” ~ Jeffrey Tucker