Daily Economy
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The Political Economy of Virtue Signaling
Since neither politician, activist, nor voter are held responsible for our actions when a policy goes wrong, blame (or praise for that matter) is also highly distributed. This distribution of blame then diminishes the responsibility of those who might plausibly be held most culpable for the bad consequences.
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Facebook Walks Away From Politics, Bets on Music to Regain Trust
As Forbes explained, trying its hand at music might just be the safest way of getting people to connect on the social platform once again. After all, following the contentious 2016 presidential election season, Americans seem to be more divided ideologically than ever before. But when it comes to music, the dynamic changes dramatically.
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November Jobs Report Disappoints
U.S. nonfarm payrolls added 155,000 jobs in November. Despite the weak performance, the labor market remains tight.
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The Marshall Plan: Fiction and Facts
The financial part of the Marshall plan was not the decisive factor in the West European recovery. What mattered was economic liberalization, relative monetary and fiscal stability, and the promotion of economic integration.
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Hypocrisy Is Baked Into the Policy Process
Inconsistencies are visible when politicians claim that war is the best way to peace, and when they admit that prohibition of alcohol failed in the 1930s even as they insist that the prohibition of drugs today will somehow work.
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ISM Nonmanufacturing Index Rises in November; Initial Claims trending higher
The ISM’s nonmanufacturing index rose to 60.7 in November. The increase follows the manufacturing report that also posted a gain in November. The two reports suggest slightly faster expansion for the economy last month.
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What Ohio’s Tax Gimmick Really Means for the Blockchain Industry
Regulatory uncertainty is one of the major risks facing the blockchain industry as it matures. Ohio’s courting of the industry throughout 2018 may have value beyond a handful of overblown headlines.
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Indiana’s Opioid Epidemic “Progress” Is Fiction, Not Fact
Indiana needs to rely on the actual facts and figures to prove “success” in combating the opioid epidemic instead of reporting “feelings” and half of the overall picture.
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Preserved Primitivism Versus Freedom and Prosperity
The Sentinelese people are a remnant reflecting what human life and social experience was like for all of mankind for thousands of years: small bands of interrelated families living the most bare and primitive existence.
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Regulators Are Not What Makes Food Safe
It’s one of the most puzzling claims of the pro-regulation ideology: food makers and sellers have a weak incentive to make sure their food is safe for consumption. The briefest look at the dynamics of this food panic reveals the opposite.
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•
The Political Economy of Virtue Signaling
Since neither politician, activist, nor voter are held responsible for our actions when a policy goes wrong, blame (or praise for that matter) is also highly distributed. This distribution of blame then diminishes the responsibility of those who might plausibly be held most culpable for the bad consequences.
-
•
Facebook Walks Away From Politics, Bets on Music to Regain Trust
As Forbes explained, trying its hand at music might just be the safest way of getting people to connect on the social platform once again. After all, following the contentious 2016 presidential election season, Americans seem to be more divided ideologically than ever before. But when it comes to music, the dynamic changes dramatically.
-
•
November Jobs Report Disappoints
U.S. nonfarm payrolls added 155,000 jobs in November. Despite the weak performance, the labor market remains tight.
-
•
The Marshall Plan: Fiction and Facts
The financial part of the Marshall plan was not the decisive factor in the West European recovery. What mattered was economic liberalization, relative monetary and fiscal stability, and the promotion of economic integration.
-
•
Hypocrisy Is Baked Into the Policy Process
Inconsistencies are visible when politicians claim that war is the best way to peace, and when they admit that prohibition of alcohol failed in the 1930s even as they insist that the prohibition of drugs today will somehow work.
-
•
ISM Nonmanufacturing Index Rises in November; Initial Claims trending higher
The ISM’s nonmanufacturing index rose to 60.7 in November. The increase follows the manufacturing report that also posted a gain in November. The two reports suggest slightly faster expansion for the economy last month.
-
•
What Ohio’s Tax Gimmick Really Means for the Blockchain Industry
Regulatory uncertainty is one of the major risks facing the blockchain industry as it matures. Ohio’s courting of the industry throughout 2018 may have value beyond a handful of overblown headlines.
-
•
Indiana’s Opioid Epidemic “Progress” Is Fiction, Not Fact
Indiana needs to rely on the actual facts and figures to prove “success” in combating the opioid epidemic instead of reporting “feelings” and half of the overall picture.
-
•
Preserved Primitivism Versus Freedom and Prosperity
The Sentinelese people are a remnant reflecting what human life and social experience was like for all of mankind for thousands of years: small bands of interrelated families living the most bare and primitive existence.
-
•
Regulators Are Not What Makes Food Safe
It’s one of the most puzzling claims of the pro-regulation ideology: food makers and sellers have a weak incentive to make sure their food is safe for consumption. The briefest look at the dynamics of this food panic reveals the opposite.