Daily Economy
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Small-Business Optimism Rose in November
Small-business confidence rose in November despite concerns over labor shortages.
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The New History of Capitalism Has a “Whiteness” Problem
Thus do we arrive at the unenviable position where scholars in the New History of Capitalism genre are guilty of the very same faults that they invoke to dismiss critics of the 1619 Project.
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Paul Volcker: Foe of the Gold Standard, Fan of Fiscal Profligacy
The recent death of Paul Volcker, Federal Reserve Chairman from 1979 to 1987, has generated the usual but undeserved encomiums from media outlets. Sebastian Mallaby at The Washington Post declares that Mr. Volcker was “the savior our economy needed.” Brian Cheung at Yahoo Finance contends that Volcker “tackled the Great Inflation by inspiring a rethink of monetary policy” that…
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Europe’s Green Deal Flirts With Central-Planning Disaster
The European Union is radically overhauling its economy in an attempt to combat climate change. Europe’s Green Deal appears slightly more modest than the proposed Green New Deal in the United States, but cost estimates still run as high as $13 trillion by 2050. That’s the year when the EU aims to be a net-zero…
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Trade Policy Should Not Be Contingent on the Behavior of Foreign Governments
In the making of trade policy, foreign governments should not be held to ethical standards higher than are the standards to which we hold our own government.
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Trump is Right: American Toilets, Faucets, and Showers are Terrible
Give me a toilet that flushes, a shower that is satisfying, a washing machine that washes clothes, and you can take your civic piety and flush it.
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Libertymás, A Holiday for the Rest of Us
In the spirit of Seinfeld’s Festivus, the holiday “for the rest of us,” I proffer Libertymás. It’s Spanglish for “more liberty” rather than short for liberty’s mass, a la Michaelmas. (The key is that little mark above the a.) Every holiday needs its lore and its special activities, television shows, songs, and such. Obviously, Libertymás…
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What’s Good and Bad about Automation
What automation of any kind does is to make work more productive and hence to free up time and resources by increasing the intensity of the use of resources.
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Is it Proper for Men to Be Creative with Formal Wear?
Only modern capitalistic economies created a glorious opportunity for everyone to dress in the attire reserved for the royalty of old. We democratized formality, and there’s no better time to show precisely how this works than during the holiday season.
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The Link Between Prosperity and Freedom Is Even Stronger than You Think
Dictatorships or authoritarian regimes (which also tend to be economically unfree) often put a lot of pressure on their bureaucrats to develop the economy and increase output. Thus are their data positively biased.
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•
Small-Business Optimism Rose in November
Small-business confidence rose in November despite concerns over labor shortages.
-
•
The New History of Capitalism Has a “Whiteness” Problem
Thus do we arrive at the unenviable position where scholars in the New History of Capitalism genre are guilty of the very same faults that they invoke to dismiss critics of the 1619 Project.
-
•
Paul Volcker: Foe of the Gold Standard, Fan of Fiscal Profligacy
The recent death of Paul Volcker, Federal Reserve Chairman from 1979 to 1987, has generated the usual but undeserved encomiums from media outlets. Sebastian Mallaby at The Washington Post declares that Mr. Volcker was “the savior our economy needed.” Brian Cheung at Yahoo Finance contends that Volcker “tackled the Great Inflation by inspiring a rethink of monetary policy” that…
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•
Europe’s Green Deal Flirts With Central-Planning Disaster
The European Union is radically overhauling its economy in an attempt to combat climate change. Europe’s Green Deal appears slightly more modest than the proposed Green New Deal in the United States, but cost estimates still run as high as $13 trillion by 2050. That’s the year when the EU aims to be a net-zero…
-
•
Trade Policy Should Not Be Contingent on the Behavior of Foreign Governments
In the making of trade policy, foreign governments should not be held to ethical standards higher than are the standards to which we hold our own government.
-
•
Trump is Right: American Toilets, Faucets, and Showers are Terrible
Give me a toilet that flushes, a shower that is satisfying, a washing machine that washes clothes, and you can take your civic piety and flush it.
-
•
Libertymás, A Holiday for the Rest of Us
In the spirit of Seinfeld’s Festivus, the holiday “for the rest of us,” I proffer Libertymás. It’s Spanglish for “more liberty” rather than short for liberty’s mass, a la Michaelmas. (The key is that little mark above the a.) Every holiday needs its lore and its special activities, television shows, songs, and such. Obviously, Libertymás…
-
•
What’s Good and Bad about Automation
What automation of any kind does is to make work more productive and hence to free up time and resources by increasing the intensity of the use of resources.
-
•
Is it Proper for Men to Be Creative with Formal Wear?
Only modern capitalistic economies created a glorious opportunity for everyone to dress in the attire reserved for the royalty of old. We democratized formality, and there’s no better time to show precisely how this works than during the holiday season.
-
•
The Link Between Prosperity and Freedom Is Even Stronger than You Think
Dictatorships or authoritarian regimes (which also tend to be economically unfree) often put a lot of pressure on their bureaucrats to develop the economy and increase output. Thus are their data positively biased.