Daily Economy
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Life Inside a Steel Trap
None of today’s prominent political figures is a thug on the scale of Rand’s Dr. Ferris, but the thugs are out there watching and waiting. Yet it’s not inevitable that the jaws will continue to tighten.
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The 2006 Origins of the Lockdown Idea
So far as anyone can tell, the intellectual machinery that made this mess was invented 14 years ago, and not by epidemiologists but by computer-simulation modelers. It was adopted not by experienced doctors – they warned ferociously against it – but by politicians.
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Manufacturing Activity Plummets in April
Industrial production plunged as the tsunami of disastrous economic data continues. While some areas are moving towards easing restrictions, it will likely be a slow path back.
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Mixed Emotions for Consumers in Early May
Consumer attitudes are changing in somewhat unexpected ways as personal health, family finances, and social interactions are impacted by lockdown policies.
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Retail Sales Post Another Record Plunge in April
Retail sales posted another record decline in April and are likely to show significant weakness over the next several months.
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We Don’t Need One Big Plan to End the Lockdown
The transition back to normal life involves the coordination of the disparate and often-incompatible plans of billions of minds–and if we wish for that coordination to make the best use of knowledge in society, we are making a mistake if we are looking for a plan.
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Brexit Matters More than Ever
The specific events of Brexit are located in a wider story of political change that applies to almost all of the developed world and to many less developed countries as well. The book also explains why Brexit was the form this wider process took in the specific case of the UK.
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The Wisconsin Supreme Court’s Decision Is Brilliant
Wisconsin’s Supreme Court decided by a 4-3 vote on Wednesday May 13, 2020 to strike down the state’s “Safer at Home” order, its COVID-19 economic lockdown in other words. It did so completely, immediately, and unequivocally.
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Most Places are Not New York: A Look Through the COVID-19 Data
Economic activity in one country is dependent upon economic activity of its trading partners. Trade makes us rich because it allows each of us to provide value and offer it to others in the market. If half of the world is in lockdown, we are all poorer for it.
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•
Needed: Millions of Individual Experiments
We must embrace individual freedom as the answer to this crisis. End the lockdowns, and end the collectivist approach to solving this crisis.
-
•
Life Inside a Steel Trap
None of today’s prominent political figures is a thug on the scale of Rand’s Dr. Ferris, but the thugs are out there watching and waiting. Yet it’s not inevitable that the jaws will continue to tighten.
-
•
The 2006 Origins of the Lockdown Idea
So far as anyone can tell, the intellectual machinery that made this mess was invented 14 years ago, and not by epidemiologists but by computer-simulation modelers. It was adopted not by experienced doctors – they warned ferociously against it – but by politicians.
-
•
Manufacturing Activity Plummets in April
Industrial production plunged as the tsunami of disastrous economic data continues. While some areas are moving towards easing restrictions, it will likely be a slow path back.
-
•
Mixed Emotions for Consumers in Early May
Consumer attitudes are changing in somewhat unexpected ways as personal health, family finances, and social interactions are impacted by lockdown policies.
-
•
Retail Sales Post Another Record Plunge in April
Retail sales posted another record decline in April and are likely to show significant weakness over the next several months.
-
•
We Don’t Need One Big Plan to End the Lockdown
The transition back to normal life involves the coordination of the disparate and often-incompatible plans of billions of minds–and if we wish for that coordination to make the best use of knowledge in society, we are making a mistake if we are looking for a plan.
-
•
Brexit Matters More than Ever
The specific events of Brexit are located in a wider story of political change that applies to almost all of the developed world and to many less developed countries as well. The book also explains why Brexit was the form this wider process took in the specific case of the UK.
-
•
The Wisconsin Supreme Court’s Decision Is Brilliant
Wisconsin’s Supreme Court decided by a 4-3 vote on Wednesday May 13, 2020 to strike down the state’s “Safer at Home” order, its COVID-19 economic lockdown in other words. It did so completely, immediately, and unequivocally.
-
•
Most Places are Not New York: A Look Through the COVID-19 Data
Economic activity in one country is dependent upon economic activity of its trading partners. Trade makes us rich because it allows each of us to provide value and offer it to others in the market. If half of the world is in lockdown, we are all poorer for it.
-
•
Needed: Millions of Individual Experiments
We must embrace individual freedom as the answer to this crisis. End the lockdowns, and end the collectivist approach to solving this crisis.