Daily Economy News

brain computer

What Economists Can Teach Epidemiologists

– July 11, 2020

“Hysterical, wildly off-the-mark forecasts about COVID-19 will ultimately cause more harm than good, and find their origins in the same set of snags which regularly trip up econometric forecasts. In the epidemiological version, instead of predicting a new Great Depression, they brought an artificial depression, a growing spate of coercive masking initiatives, school closures, and the lockdowns — which quite possibly filled the powderkeg that was ignited by the killing of George Floyd.” ~ Peter C. Earle

READ MORE
amazon delivery packages

Extend the Market, As Far as Possible

– July 11, 2020

“Private enterprise and private governance pushed along by people seeking little more than their own advantages work remarkably well. If you want more evidence, look no further than the package on your doorstep.” ~ Art Carden

READ MORE

Where Have All the Coins Gone?

– July 11, 2020

“We should acknowledge the weaknesses of our current system and make improvements if possible. At a minimum, that means scrapping the penny. More fundamental reforms, like permitting competition in coinage, would be better still.” ~ William J. Luther

READ MORE

When Will the Madness End?

– July 10, 2020

“We’ve learned throughout this ordeal that despite our technology, our knowledge, our history of building prosperity and peace, we are no smarter than our ancestors and, by some measures, not as smart as our parents and grandparents. The experience with COVID has caused a mass reversion to the superstitions and panics that sporadically defined the human experience of ages past.” ~ Jeffrey A. Tucker

READ MORE
capitol hill

Brace Yourself for Bipartisan Spending Insanity

– July 10, 2020

“Sadly, we live in this world. And in this world, members of Congress and the administration don’t care about the size of government, any more than they care about most of our other freedoms.” ~ Veronique de Rugy

READ MORE
elephant

One Size Never Fits All

– July 10, 2020

“One-size-fits-all solutions in our political discourse are often made to work for every topic globally. Reality is not like that, as both economic and ecologic matters frequently assert.” ~ Joakim Book

READ MORE
female farmer

A Green Minimum Wage

– July 10, 2020

“Farmers who want to retain good, experienced farm hands should be free to pay a dollar a week, day, hour, or minute to those same people, as they mutually agree. And when the world not only does not end but improves due to the policy, let’s extend it to other types of employers as well.” ~ Robert E. Wright

READ MORE

AIER’s Leading and Roughly Coincident Indicators Indexes Remain at 0 in June.

– July 9, 2020

While signs of rebound in some measures of economic activity have started to emerge, reinstatement of lockdown restrictions could smother the nascent recovery.

READ MORE

A Picture is Worse than a Thousand Words

– July 9, 2020

“A picture is worth a thousand words, but a picture is not a good substitute for thoughtful analysis. Does the image actually support the conclusion? Or even worse, is the image misleading, steering you to an incorrect conclusion?” ~ Ramon DeGennaro

READ MORE
red school house

Return of the One Room Schoolhouse?

– July 9, 2020

“Let’s learn from history and use the failure of our political system to push education back to the local level. I know many college professors, myself included, would be thrilled just to have students whose natural love of learning hasn’t been beaten out of them by 13 years of mass public education.” ~ Robert E. Wright

READ MORE