Daily Economy
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The Fed Wants to Become a Financial Central Planner
To everyone as outraged by this process as I am: it’s time we shouted far and wide what the Fed is up to. If we let them get away with it, politicians and macroeconomic policy experts will be able to control financial markets, and hence our lives, to a degree never before obtained in a…
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The Economic Fundamentals of Jobs
The only answer, as always, is to end the lockdowns as soon as possible so that businesses can resume with market-disciplined investors and the marketplace itself guiding their decisions.
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The Magnitude of the Economic Challenge Even in Normal Times
To rely only on select and officially approved researchers, or to ignore ideas from all or even some foreigners, is to unnecessarily reduce the number of human beings working to discover from among an incalculably vast number of possible chemical arrangements the one or a few that might render the coronavirus harmless.
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No Lockdowns: The Terrifying Polio Pandemic of 1949-52
What’s remarkable in light of the near-global coercive lockdown for COVID-19 is how the terrible and terrifying disease of polio was managed almost entirely by a private and voluntary system of health professionals, innovators, parental responsibility, localized caution, and individual volition and caution where needed.
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Governments Don’t Have Magic Wands To Ward off Asymmetric Information
With the “asymmetric information” argument, the left got a seemingly bulletproof theory with which to whack markets and subject them to government regulation: capitalists prey on the uninformed consumer and extract unfair rents from them in the informational version of haves that take advantage of have-nots. If not remedied, beneficial exchange disappears.
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Yet Another Regulation that Blocked Widespread Testing
Nebraska, one of the five free states and home to Warren Buffett, jettisoned the harmful regulation (which is more a redundancy than an oxymoron). So instead of using one testing kit per person, lab techs test five people at a time.
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Lord Sumption: The Lockdown Is Without Doubt the Greatest Interference with Personal Liberty in Our History
These have been trying times for those who believe that individuals have a right to work and see one’s loved ones. In a mere few days in March, we watched as many of the rights and principles we believed we could take for granted were swept away at the recommendation of a theoretical physicist named…
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Local Charity Is the Best Charity in the Time of COVID
If you feel compelled to help others, leverage your local knowledge. Understand that the free market historically has been one of the greatest deliverers of social welfare in human history.
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Lockdowns Have Deeply Harmed the Most Vulnerable Among Us
Keep this in mind when you see journalists, academics, and internet activists defending the lockdowns from the comforts of their home offices, and sneering at the recently unemployed who venture to point out that the current state of affairs is unsustainable.
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Massive Job Loss Sends Unemployment Rate to Highest Since the Great Depression
More than 20 million U.S. jobs were lost in April, and with record-shattering initial claims suggesting more job losses to come, a U.S. recession is a near certainty.
-
•
The Fed Wants to Become a Financial Central Planner
To everyone as outraged by this process as I am: it’s time we shouted far and wide what the Fed is up to. If we let them get away with it, politicians and macroeconomic policy experts will be able to control financial markets, and hence our lives, to a degree never before obtained in a…
-
•
The Economic Fundamentals of Jobs
The only answer, as always, is to end the lockdowns as soon as possible so that businesses can resume with market-disciplined investors and the marketplace itself guiding their decisions.
-
•
The Magnitude of the Economic Challenge Even in Normal Times
To rely only on select and officially approved researchers, or to ignore ideas from all or even some foreigners, is to unnecessarily reduce the number of human beings working to discover from among an incalculably vast number of possible chemical arrangements the one or a few that might render the coronavirus harmless.
-
•
No Lockdowns: The Terrifying Polio Pandemic of 1949-52
What’s remarkable in light of the near-global coercive lockdown for COVID-19 is how the terrible and terrifying disease of polio was managed almost entirely by a private and voluntary system of health professionals, innovators, parental responsibility, localized caution, and individual volition and caution where needed.
-
•
Governments Don’t Have Magic Wands To Ward off Asymmetric Information
With the “asymmetric information” argument, the left got a seemingly bulletproof theory with which to whack markets and subject them to government regulation: capitalists prey on the uninformed consumer and extract unfair rents from them in the informational version of haves that take advantage of have-nots. If not remedied, beneficial exchange disappears.
-
•
Yet Another Regulation that Blocked Widespread Testing
Nebraska, one of the five free states and home to Warren Buffett, jettisoned the harmful regulation (which is more a redundancy than an oxymoron). So instead of using one testing kit per person, lab techs test five people at a time.
-
•
Lord Sumption: The Lockdown Is Without Doubt the Greatest Interference with Personal Liberty in Our History
These have been trying times for those who believe that individuals have a right to work and see one’s loved ones. In a mere few days in March, we watched as many of the rights and principles we believed we could take for granted were swept away at the recommendation of a theoretical physicist named…
-
•
Local Charity Is the Best Charity in the Time of COVID
If you feel compelled to help others, leverage your local knowledge. Understand that the free market historically has been one of the greatest deliverers of social welfare in human history.
-
•
Lockdowns Have Deeply Harmed the Most Vulnerable Among Us
Keep this in mind when you see journalists, academics, and internet activists defending the lockdowns from the comforts of their home offices, and sneering at the recently unemployed who venture to point out that the current state of affairs is unsustainable.
-
•
Massive Job Loss Sends Unemployment Rate to Highest Since the Great Depression
More than 20 million U.S. jobs were lost in April, and with record-shattering initial claims suggesting more job losses to come, a U.S. recession is a near certainty.