Daily Economy Articles

How Many People Must Die to Fix the Planet?

– November 18, 2019

Scholars claiming the mantle of scientific expertise have enlisted apocalyptic fears of a coming “population crisis” to advance sweeping programs of social engineering as a way to alter the course.

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The Most Important Concept Mises Taught Me

– November 18, 2019

Key among the basic concepts of Austrian economics (a term that Mises rarely used; he preferred just “economics” or more broadly, “praxeology”) is the concept of methodological individualism.  This has been the most important of Mises’ basic conce …

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The Unbearable Drabness of Command Economies

– November 18, 2019

In command economies, you get what you get and you hope that it fits.

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Suffixing Industrial Policy with “2.0” Doesn’t Make It Credible

– November 18, 2019

When and to the extent that trade and markets are free, Americans benefit from innovation no matter where it occurs.

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The Soul of Economics Is the Market Process

– November 18, 2019

The process of economic change is about how economic actors invest to alleviate the constraints they face by reducing transaction costs in order to grow richer.

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The State Is Not Your Proxy

– November 16, 2019

Leave aside every other problem of socialism (such as how it can rationally manage an economic process or achieve perfect material equality), and you are still left with the massive problem of power.

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It’s a Disservice to Urge Young People To Become Entrepreneurs

– November 15, 2019

The legend of the twenty-something business wunderkind is everywhere in pop culture. Here’s the problem. The data are in. It turns out that the whole thing is a gigantic myth.

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Retail sales

Retail Spending Suggests Caution

– November 15, 2019

Core retail sales were weak in October adding to concern about the economy. However, continued economic expansion remains the most likely path.

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The Great Lesson of Vision Fund

– November 15, 2019

A central plan is not a business plan. Even a private sector central plan is doomed to fail.

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Actually, We Could Just Flip the Switch

– November 15, 2019

Such a law would ensure that every regulation was scrutinized at least once every twenty years and automatically eliminate all those that no agency thought important enough to subject to review.

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