Daily Economy
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How to Save California From Itself
Many Western states allow citizens to initiate legislation but California is by far the most important and the ripest for reform.
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Enough of this Idea of Presidential Greatness
What constitutes a great president? Every presidential election, pundits and commentators opine on the characteristics of presidents that made them great. Starting in 1948, at the impulse of Arthur Schlesinger Sr. of Harvard University, historians have weighted in by providing their rankings of the presidents according to greatness. Ever since, the surveys of presidential performance…
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Kenneth Arrow and the Odd Form of Dictatorship He Helped Create
It may be time to reconsider some of the foundations of economic theory. When we do, Arrow’s prominent role in the history of economics should be reconsidered too.
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Are We Seriously Debating Capitalism vs. Socialism Again?
Socialism is a movement not of the working classes but of the elites, born of arrogance, snobbery, and preposterous pretense, kept alive not from lived experience but the astonishing capacity of an ideologically soaked brain to live in denial of reality.
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Existing-Home Sales Remain Range Bound; Inventory Remains Tight
Existing-home sales fell 1.3 percent in January and remain in a broad flat trend. Housing activity is unlikely to move significantly higher in the coming months.
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The Implausible Claims of Green High Finance
It is highly doubtful that having a central bank selectively buy outstanding debt with green labels would in any meaningful way contribute to a greening of the economy.
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Cuckoo for Marginalism
When I was a kid, I would ask my mother if she likes this cereal, that song, or this soft drink. She would often reply in her droll way: “I wouldn’t want a steady diet of it.” I came to conclude that this really meant that she didn’t like it. I was wrong. She was…
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Unlike Oren Cass, F.A. Hayek Knew the Economics of Trade
Quoting F.A. Hayek’s 1960 claim that free markets will bring about a “balance … between exports and imports,” Oren Cass argues that the string of annual U.S. trade deficits over the past 44 years proves that Hayek was wrong – that history has “broken” Hayek’s “promise.” Being a non-economist, Mr. Cass can be forgiven for…
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Why We Must Keep Section 230 and Pay the High Cost of Free Speech Online
One can’t pretend the internet hasn’t made the dark side of free speech more dangerous. But rather than a censor, it’s time for a gut check.
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The “Paradox of Thrift” Myth Is Back, Again
This is nothing but the classic case of the damage of a little learning: the overwhelming majority of people who study economics at all take a single economics class, espousing a single economic perspective, which leads to the pervasive spread of pernicious ideas.
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•
How to Save California From Itself
Many Western states allow citizens to initiate legislation but California is by far the most important and the ripest for reform.
-
•
Enough of this Idea of Presidential Greatness
What constitutes a great president? Every presidential election, pundits and commentators opine on the characteristics of presidents that made them great. Starting in 1948, at the impulse of Arthur Schlesinger Sr. of Harvard University, historians have weighted in by providing their rankings of the presidents according to greatness. Ever since, the surveys of presidential performance…
-
•
Kenneth Arrow and the Odd Form of Dictatorship He Helped Create
It may be time to reconsider some of the foundations of economic theory. When we do, Arrow’s prominent role in the history of economics should be reconsidered too.
-
•
Are We Seriously Debating Capitalism vs. Socialism Again?
Socialism is a movement not of the working classes but of the elites, born of arrogance, snobbery, and preposterous pretense, kept alive not from lived experience but the astonishing capacity of an ideologically soaked brain to live in denial of reality.
-
•
Existing-Home Sales Remain Range Bound; Inventory Remains Tight
Existing-home sales fell 1.3 percent in January and remain in a broad flat trend. Housing activity is unlikely to move significantly higher in the coming months.
-
•
The Implausible Claims of Green High Finance
It is highly doubtful that having a central bank selectively buy outstanding debt with green labels would in any meaningful way contribute to a greening of the economy.
-
•
Cuckoo for Marginalism
When I was a kid, I would ask my mother if she likes this cereal, that song, or this soft drink. She would often reply in her droll way: “I wouldn’t want a steady diet of it.” I came to conclude that this really meant that she didn’t like it. I was wrong. She was…
-
•
Unlike Oren Cass, F.A. Hayek Knew the Economics of Trade
Quoting F.A. Hayek’s 1960 claim that free markets will bring about a “balance … between exports and imports,” Oren Cass argues that the string of annual U.S. trade deficits over the past 44 years proves that Hayek was wrong – that history has “broken” Hayek’s “promise.” Being a non-economist, Mr. Cass can be forgiven for…
-
•
Why We Must Keep Section 230 and Pay the High Cost of Free Speech Online
One can’t pretend the internet hasn’t made the dark side of free speech more dangerous. But rather than a censor, it’s time for a gut check.
-
•
The “Paradox of Thrift” Myth Is Back, Again
This is nothing but the classic case of the damage of a little learning: the overwhelming majority of people who study economics at all take a single economics class, espousing a single economic perspective, which leads to the pervasive spread of pernicious ideas.