Emancipate the Workers, State by State

The literature has long established that licensing requirements generally restrict the supply of services in the licensed industry by prohibiting some perfectly competent workers from working as providers.

listpg_veroniqueDeRugy Veronique de Rugy – February 28, 2020

The Satoshi Revolution by Wendy McElroy

Wendy McElroy, from her past studies of history and her current deep dive into crypto-technology, understands the power of ideas. Bitcoin and all that is related to it are among the most revolutionary ideas in history.

– February 28, 2020

Economic Policy Must Prepare for Pandemic Disease

The best approach to a shocking event like a global pandemic disease with a high death rate is to free the markets and eliminate barriers to trade as soon as possible. This would at least minimize the damage, get goods and services to those who need them, calm the panic, and reward traders and investors for maintaining normalcy and growth insofar as it is possible.

– February 27, 2020

Are All Cryptocurrencies Pyramid Schemes?

All moneys and valuable items are pyramid schemes, and all holders of money and valuable items hope that the next person in line will pay more for them. That’s how monetary balances work. No big deal.

– February 27, 2020
GDP

Revised Fourth-Quarter Real GDP Growth at 2.1 Percent

Revised real gross domestic product rose at a 2.1 percent annualized rate in the fourth quarter. Details show that persistent economic growth remains dependent on consumers.

– February 27, 2020
Durable goods orders

Durable-Goods Orders Excluding Aircraft Remain in a Flat Trend

Capital-goods orders remain in a flat trend, but at a high level. Continued economic expansion remains the most likely path but caution is warranted.

– February 27, 2020

Sanders, Stocks, the Threat of Pandemic Disease

If headline writers possessed a clue about what moves stocks, or even if they possessed a clue about whom to ask about what moves stocks, they wouldn’t be headline writers.

– February 27, 2020

The Strangest Thing about the Debate

The trouble with the 7 people on the stage last night is that they have little or no regard for our personal plans. It’s their plans for us that matter. Our lives are mere abstractions to them.

– February 26, 2020

What It Means to Have a Teachable Spirit

Unleashing fury upon those who express views with which you disagree will only jeopardize your credibility, and might just empower the ideas you’re seeking to discredit. Ideas that appear taboo or transgressive often spread when powerful forces seek to suppress them.

– February 26, 2020

West Side Story, Sixty Years On

Now comes our own rumble called election year, and the weapons of choice keep escalating: fists, hoses, belts, chains, knives, guns, and where does it end? There is a lesson here for all of us, and it is fitting that the remake on Broadway makes this obvious parallel explicit.

– February 25, 2020
Consumer confidence

Consumer Confidence Holds Steady While Home Prices Move Higher

Consumer confidence remained high in February, supported by a positive outlook for the economy and labor market. However, persistently rising home prices are weighing on housing activity.

– February 25, 2020

Harvard Finally Stands Up to Academic Duplicity

A new profile of Berkeley economists Emmanuel Saez and Gabriel Zucman in the New York Times contained a fascinating revelation about the ongoing academic reception of their work. Late last year, Zucman was being courted for a faculty appointment by Har …

– February 25, 2020

Elkhart, Indiana, Thrives Despite Obama Administration’s Policies

Former President Obama tweeted in honor of the anniversary of signing the American Recovery and Reinvestment Act of 2009. Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more …

– February 25, 2020

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