Daily Economy
-
•
Government Is Like a Bad Football Fan
Fans will be fans. Peanut galleries will always be with us. It’s entertainment, and a major reason why we actually like sports, music, and books. Everyone is a critic. That’s all fine. But let’s not forget the profound difference between those who do and those who pretend to do, nor the difference between those whose…
-
•
Democratic Socialism Is Poetry, Not Economics
It is not serious thought to go around simply demanding that everything be free. That demand solves no problem that has occupied the world of economics for a thousand years. Try to implement it and someone, everyone, is going to pay – long lines, impossible high taxes, hyperinflation, material deprivation – and not through choice.
-
•
How to Destroy the Value of Work and Property
Overstating how misinformed, unrealistic, and just plain wacky are the economics that underlie these proposals of Sens. Warren and Sanders is impossible. Also impossible to overstate is the amount of damage that enactment of these proposals would inflict on the American economy.
-
•
The Bitter Logic of Political Choice
Not only does our politics drive a wedge between the public and the political community, but it places certain privileged political actors in a position to be tyrants over their fellow citizens. They govern over and not with others in the society under examination.
-
•
Is Nationalism the Friend or Foe of Liberty?
A nationalism that presents itself as a friend of liberty is one that must willfully ignore that most bitter lessons of the last century, while eschewing the greatest lesson of all: the only true guarantor of liberty is liberty itself.
-
•
The Jailers Play Fantasy Inmate, Just Like Politicians
The allegorical lesson here is that we are all captive of an elaborate game of Fantasy Citizen. In this game, the political parties pick their teams, foment conflict, reward points for infractions and altercations, and walk away with the spoils. What if instead we suddenly realized that sociology of conflict has all been orchestrated by…
-
•
The Puzzle of Money and the Lessons of History
Right now, we have a disordered and dysfunctional money system. This poses very acute risks and dangers that because of the nature or money can have system-wide effects. We should look at how monetary systems have been reformed in previous times, and also rethink the way money is commonly taught and thought about.
-
•
Durable-Goods Orders Excluding Aircraft Surge to a Record
New orders for durable goods fell 0.2 percent in July, however, excluding aircraft, orders jumped 1.3 percent to a record high. The data suggest that demand remains strong and that the outlook for the economy remains positive.
-
•
Dark Tourist Is More Than Just Another Travel Show
What Farrier proves with “Dark Tourist” is that for every version of Anthony Bourdain’s “No Reservation,” where the host connects with the locals and draws profound lessons from their way of living, there’s a tourist who just wants to get skin-deep into the next attraction, just so he can then move on to the next,…
-
•
The Origin and Meaning of Profits
There is no particular reason to expect that education or intellectual interests are an advantage in cultivating a habit of awareness of the sort Kirzner highlights. But there are very good reasons to argue that profits, deserved or not, are something that entrepreneurs should be legally entitled to seek.
-
•
Government Is Like a Bad Football Fan
Fans will be fans. Peanut galleries will always be with us. It’s entertainment, and a major reason why we actually like sports, music, and books. Everyone is a critic. That’s all fine. But let’s not forget the profound difference between those who do and those who pretend to do, nor the difference between those whose…
-
•
Democratic Socialism Is Poetry, Not Economics
It is not serious thought to go around simply demanding that everything be free. That demand solves no problem that has occupied the world of economics for a thousand years. Try to implement it and someone, everyone, is going to pay – long lines, impossible high taxes, hyperinflation, material deprivation – and not through choice.
-
•
How to Destroy the Value of Work and Property
Overstating how misinformed, unrealistic, and just plain wacky are the economics that underlie these proposals of Sens. Warren and Sanders is impossible. Also impossible to overstate is the amount of damage that enactment of these proposals would inflict on the American economy.
-
•
The Bitter Logic of Political Choice
Not only does our politics drive a wedge between the public and the political community, but it places certain privileged political actors in a position to be tyrants over their fellow citizens. They govern over and not with others in the society under examination.
-
•
Is Nationalism the Friend or Foe of Liberty?
A nationalism that presents itself as a friend of liberty is one that must willfully ignore that most bitter lessons of the last century, while eschewing the greatest lesson of all: the only true guarantor of liberty is liberty itself.
-
•
The Jailers Play Fantasy Inmate, Just Like Politicians
The allegorical lesson here is that we are all captive of an elaborate game of Fantasy Citizen. In this game, the political parties pick their teams, foment conflict, reward points for infractions and altercations, and walk away with the spoils. What if instead we suddenly realized that sociology of conflict has all been orchestrated by…
-
•
The Puzzle of Money and the Lessons of History
Right now, we have a disordered and dysfunctional money system. This poses very acute risks and dangers that because of the nature or money can have system-wide effects. We should look at how monetary systems have been reformed in previous times, and also rethink the way money is commonly taught and thought about.
-
•
Durable-Goods Orders Excluding Aircraft Surge to a Record
New orders for durable goods fell 0.2 percent in July, however, excluding aircraft, orders jumped 1.3 percent to a record high. The data suggest that demand remains strong and that the outlook for the economy remains positive.
-
•
Dark Tourist Is More Than Just Another Travel Show
What Farrier proves with “Dark Tourist” is that for every version of Anthony Bourdain’s “No Reservation,” where the host connects with the locals and draws profound lessons from their way of living, there’s a tourist who just wants to get skin-deep into the next attraction, just so he can then move on to the next,…
-
•
The Origin and Meaning of Profits
There is no particular reason to expect that education or intellectual interests are an advantage in cultivating a habit of awareness of the sort Kirzner highlights. But there are very good reasons to argue that profits, deserved or not, are something that entrepreneurs should be legally entitled to seek.