Daily Economy Articles

The Wonderful Surprises of Comparative Advantage

– November 12, 2019

Human society is permeated with comparative advantage. When each person specializes in performing that task, or small set of tasks, for which he or she has a comparative advantage — and then exchanges the fruits of this labor for goods and services pro …

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The Case for Globalism, So-Called

– November 12, 2019

Global per capita income has increased from a little less than $4,000 a year in 1966 to almost $17,500, in inflation-adjusted dollars at the present time. That represents a 372 percent increase in the average income of everyone on this planet in only 50 years.

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The Real Reason Nobody Takes Environmental Activists Seriously

– November 12, 2019

What angers most people about climate activists is not their goals, but their elaborate system of doublethink, their profound cognitive dissonance, and the truly fascinating ability to rationalize their own behavior.

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Free Competition Is Voluntary Cooperation

– November 11, 2019

Unlike the competition in games where some lose what the victors win, and unlike war where even the winner may lose more than he gains, freely competitive economic behavior enables each participant t.o gain the greatest possible reward by voluntarily cooperating .

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Only Freedom Will Save the Auto Industry

– November 11, 2019

Government meddling in the auto industry has killed beauty, innovation, and passion; giving people their freedom to explore back is what will save it.

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How to Prevent Democide

– November 11, 2019

Some of the 262 million individuals that suffered from democide could have escaped their fates. More importantly, rulers faced with the possibility of exit would have been more reluctant to engage in democides in the first place.

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The Most Beautiful Disruption in Media

– November 11, 2019

You can have your Hulu, your Netflix, your Disney, your Amazon, your YouTube, your movies at the theater, or your dusty old books. Everyone gets to win in a vibrant market order, consumers and producers both.

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Economics Is the Great Reality Check

– November 10, 2019

Economics is a ubiquitous and conspicuous set of limits that cause everyone to buck up, cease our simpleton solipsism, face what’s true, become disciplined, get adaptable outside our embedded identity, live within our means, adopt solid values, and lead a good life.

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Tariffs Tax Your Freedom

– November 8, 2019

Freedom goes down when tariff revenues go up. It’s high time we revisited the Declaration of Independence and renewed our commitment to freedom.

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Consumer sentiment

Consumer Sentiment Shows Resilience in Early November

– November 8, 2019

Consumer sentiment maintained a generally high level by historical comparison in early November.

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