Daily Economy
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What the 1619 Project’s Critics Get Wrong about Lincoln
Since its publication last August, the New York Times’ 1619 Project has come under a barrage of withering critiques. Historians took it to task for exaggerating the role of slavery as a motivating factor behind the Revolutionary War, while economists quickly dissected its empirically suspect…
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Warren’s Legacy Lives on at the Ridiculous “Consumer Financial Protection Bureau”
While Elizabeth Warren’s candidacy is over, her legacy and, more importantly, her politicized vision of rulemaking lives on in the Consumer Financial Protection Bureau. It’s easy to forget but in late November 2018, two government administrators showed up for the same job: to run the most powerful federal agency created in a generation, the Consumer…
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A Case for Corruption
Suppose you live in a country with nationalized communications companies, indifferent and intermittent service, and extremely slow maintenance and repair responses. But you have an idea that is likely to produce tens of millions of sales, and quickly.
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Career Strategies Haven’t Changed as Much as You Think
Virus fears are causing many companies to encourage their employees to work at home instead of coming into the office. It’s possible now, and that’s wonderful. Twenty years ago, it would have been far more difficult. Forty years ago, most jobs today could not be accomplished at home. Thank you technology and thank you capitalistic…
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ISM Surveys: The Calm Before the Potential Storms
The nonmanufacturing sector expanded in February. However, the effects of the COVID-19 outbreak are still growing and represent a very substantial risk to the economic outlook.
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Liberalism Should Reject Welfare Statism
Dislike for the personality and disagreement with the policies of Donald Trump have helped to revive a seemingly dead idea: socialism. This has placed friends and defenders of a free society on the defensive in having to make the positive case for free market liberalism.
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Should Government Go Medieval During Pandemic Disease?
It is high time that Americans stop pretending government can protect everyone, in every possible way, all the time and tell Washington to stop overstepping.
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Frozen Makes It Rain on Broadway
We are all versions of Elsa in her old kingdom. We are expected to submit, to comply, to keep quiet, to carry out our duties to the political order. Conceal. Don’t feel. It’s the tyranny of the status quo that people continue to tolerate because no one is permitted to think another way.
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There Is No Way You or Anyone Can Fully Understand the Economy
The economist’s main value to society lies in his or her ability to reveal that which in the economy typically remains unseen. This function of the economist is explained most famously by Frédéric Bastiat. But also, of course, this understanding of the economist’s role is implicit in Adam Smith’s mention of the “invisible hand.” Smith’s…
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How to Combat Socialism
Many of us naively thought free markets had won over socialism when the Soviet Union fell apart. But we must face up to the resurgence of socialism as an ideal.
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•
What the 1619 Project’s Critics Get Wrong about Lincoln
Since its publication last August, the New York Times’ 1619 Project has come under a barrage of withering critiques. Historians took it to task for exaggerating the role of slavery as a motivating factor behind the Revolutionary War, while economists quickly dissected its empirically suspect…
-
•
Warren’s Legacy Lives on at the Ridiculous “Consumer Financial Protection Bureau”
While Elizabeth Warren’s candidacy is over, her legacy and, more importantly, her politicized vision of rulemaking lives on in the Consumer Financial Protection Bureau. It’s easy to forget but in late November 2018, two government administrators showed up for the same job: to run the most powerful federal agency created in a generation, the Consumer…
-
•
A Case for Corruption
Suppose you live in a country with nationalized communications companies, indifferent and intermittent service, and extremely slow maintenance and repair responses. But you have an idea that is likely to produce tens of millions of sales, and quickly.
-
•
Career Strategies Haven’t Changed as Much as You Think
Virus fears are causing many companies to encourage their employees to work at home instead of coming into the office. It’s possible now, and that’s wonderful. Twenty years ago, it would have been far more difficult. Forty years ago, most jobs today could not be accomplished at home. Thank you technology and thank you capitalistic…
-
•
ISM Surveys: The Calm Before the Potential Storms
The nonmanufacturing sector expanded in February. However, the effects of the COVID-19 outbreak are still growing and represent a very substantial risk to the economic outlook.
-
•
Liberalism Should Reject Welfare Statism
Dislike for the personality and disagreement with the policies of Donald Trump have helped to revive a seemingly dead idea: socialism. This has placed friends and defenders of a free society on the defensive in having to make the positive case for free market liberalism.
-
•
Should Government Go Medieval During Pandemic Disease?
It is high time that Americans stop pretending government can protect everyone, in every possible way, all the time and tell Washington to stop overstepping.
-
•
Frozen Makes It Rain on Broadway
We are all versions of Elsa in her old kingdom. We are expected to submit, to comply, to keep quiet, to carry out our duties to the political order. Conceal. Don’t feel. It’s the tyranny of the status quo that people continue to tolerate because no one is permitted to think another way.
-
•
There Is No Way You or Anyone Can Fully Understand the Economy
The economist’s main value to society lies in his or her ability to reveal that which in the economy typically remains unseen. This function of the economist is explained most famously by Frédéric Bastiat. But also, of course, this understanding of the economist’s role is implicit in Adam Smith’s mention of the “invisible hand.” Smith’s…
-
•
How to Combat Socialism
Many of us naively thought free markets had won over socialism when the Soviet Union fell apart. But we must face up to the resurgence of socialism as an ideal.