Daily Economy
-
•
Financial Freedom Means Learning to Love Uncertainty
It is the great presumption of public policy that some people with power, resources, and status can know what is true, and therefore what must be better. This is in contrast to the lowly actors in the marketplace who must deal daily with the problem of not knowing. To navigate life, to find profitable investment…
-
•
The Miracle of Canned Tuna Salad
Here is what is so amazing. It all happens without any central direction from the top down. In fact, we can go further to say that it could not happen under central direction. No government bureaucrat made this possible. They only get in the way. You need owners, marketers, manufacturers, prices, markets, banks, millions of…
-
•
Proposed Federal Jobs Guarantee Is Too Big to Exist
The federal jobs guarantee, as spelled out in Democratic policy circles, would arguably be the largest public intervention in the economy in American history.
-
•
Creative Destruction: The Proof Is in the Pudding
More people than ever are enjoying both travel and accommodation thanks to Uber and Airbnb. It’s a mistake to think that the solution is to protect incumbent businesses from this creative disruption.
-
•
E-Driver’s Licenses Enable Round-the-Clock Surveillance
Taking a page out of Orwell’s 1984, the state of Delaware is testing a mobile driver’s license program that enables law enforcement to keep track of citizens at all times.
-
•
American Pianos Vanished but the Music Didn’t Die
The years between 1890 and the Second World War were the golden age of the American piano. Pianos were the biggest-ticket item on every household budget besides the house itself. Everyone had to have one. Those who didn’t have one aspired to have one. It was a prize, an essential part of life, and they…
-
•
The Financial Crisis, Ten Years On
It was this time ten years ago that people started to catch on that something was going wrong. Home prices stopped rising, many were falling, the flipping schemes were dying out, and default notices were being posted for smaller banking houses. Could it be that the entire glory days of the spectacular increases in home…
-
•
The Scourge of Eminent Domain Seen on the Big Screen
A little pink house that looks over the water in a Connecticut working-class neighborhood and a “not for sale” sign perfectly depict the courage of a woman who fought against all odds to keep her home, because city officials decided that a pharmaceutical firm should have her land.
-
•
Economic Outlook Remains Positive Despite Slower GDP Growth
Real gross domestic product rose at a 2.3 percent annualized rate in the first quarter, down from a 2.9 percent pace in the fourth quarter of 2017. However, growth over the past four quarters hit 2.9 percent, the fastest four-quarter gain since the second quarter of 2015.
-
•
Personal Animus Should Have No Bearing on the Legality of the Travel Ban
As much as I do not want to admit it, it would be precisely right for the court to decide that Trump’s campaign statements should have no bearing on the legality or illegality of his executive order. It is not up to the courts to assess the motivations for what we do, much less to…
-
•
Financial Freedom Means Learning to Love Uncertainty
It is the great presumption of public policy that some people with power, resources, and status can know what is true, and therefore what must be better. This is in contrast to the lowly actors in the marketplace who must deal daily with the problem of not knowing. To navigate life, to find profitable investment…
-
•
The Miracle of Canned Tuna Salad
Here is what is so amazing. It all happens without any central direction from the top down. In fact, we can go further to say that it could not happen under central direction. No government bureaucrat made this possible. They only get in the way. You need owners, marketers, manufacturers, prices, markets, banks, millions of…
-
•
Proposed Federal Jobs Guarantee Is Too Big to Exist
The federal jobs guarantee, as spelled out in Democratic policy circles, would arguably be the largest public intervention in the economy in American history.
-
•
Creative Destruction: The Proof Is in the Pudding
More people than ever are enjoying both travel and accommodation thanks to Uber and Airbnb. It’s a mistake to think that the solution is to protect incumbent businesses from this creative disruption.
-
•
E-Driver’s Licenses Enable Round-the-Clock Surveillance
Taking a page out of Orwell’s 1984, the state of Delaware is testing a mobile driver’s license program that enables law enforcement to keep track of citizens at all times.
-
•
American Pianos Vanished but the Music Didn’t Die
The years between 1890 and the Second World War were the golden age of the American piano. Pianos were the biggest-ticket item on every household budget besides the house itself. Everyone had to have one. Those who didn’t have one aspired to have one. It was a prize, an essential part of life, and they…
-
•
The Financial Crisis, Ten Years On
It was this time ten years ago that people started to catch on that something was going wrong. Home prices stopped rising, many were falling, the flipping schemes were dying out, and default notices were being posted for smaller banking houses. Could it be that the entire glory days of the spectacular increases in home…
-
•
The Scourge of Eminent Domain Seen on the Big Screen
A little pink house that looks over the water in a Connecticut working-class neighborhood and a “not for sale” sign perfectly depict the courage of a woman who fought against all odds to keep her home, because city officials decided that a pharmaceutical firm should have her land.
-
•
Economic Outlook Remains Positive Despite Slower GDP Growth
Real gross domestic product rose at a 2.3 percent annualized rate in the first quarter, down from a 2.9 percent pace in the fourth quarter of 2017. However, growth over the past four quarters hit 2.9 percent, the fastest four-quarter gain since the second quarter of 2015.
-
•
Personal Animus Should Have No Bearing on the Legality of the Travel Ban
As much as I do not want to admit it, it would be precisely right for the court to decide that Trump’s campaign statements should have no bearing on the legality or illegality of his executive order. It is not up to the courts to assess the motivations for what we do, much less to…