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J.P. Koning

In Finance, Slow is Good

“What the central bank RTGS/LSM two-step teaches us is that we need a good balance between fast and slow. Sure, real-time settlement is a nice feature. But let’s also have delayed settlement. If brokerages have a choice to use some combination of two-day and real-time settlement, we may arrive at a socially optimal stock settlement rate.” ~ J.P. Koning


Joakim Book

Yuval Noah Harari’s Terrifying Pandemic Future

“Let’s focus on the ethical obligation that now runs rampant in our broken societies: everyone’s health is everyone else’s business. Your wants, desires, habits, and routines are mine to police; after all, if we’re not careful, your body could be the source of the next global disease. That means I, or some national or global entity that I control, must be in charge of your life. It is a scary world into which Professor Harari wants us to happily and voluntarily walk.” ~ Joakim Book


Robert Hughes

Light-Vehicle Sales Decreased in February

“Light-vehicle sales fell in February, falling below the recent range. The decline was led by a sharp drop in domestic car sales.” – Robert Hughes


Ethan Yang

The Maoist Roots of Social Justice in Higher Education

“Those who actually want to make efforts to forward amiable goals like diversity, equity, and inclusion should distance themselves from radical far-left doctrines in favor of one that does not seek political domination while using minorities as a wedge. If that cannot be done, it would be understandable for demands for social justice to be thoroughly rejected by those who wish to preserve the integrity of higher education.” ~ Ethan Yang


Alan Reynolds

Central Planners Send Vaccines to Places Seniors Don’t Live

“Federal officials monopolized the purchase and distribution of vaccines which were sent to state governments, which micromanaged distribution of vaccines to their counties. Vaccines were then rationed by political preferences (such as defining some jobs as more essential than others) and by random luck after spending hours searching for an appointment.” ~ Alan Reynolds


Jordan Schachtel

16 States Are Now Following The Science

“Governors who continue to impose lockdowns and mask mandates are fast becoming as popular as Red Sox fans in the Yankee Stadium bleachers, at least in half of the country. The internal polling is out, and the draconian restrictions are being abandoned in droves. History will not be kind to the remaining high-handed holdouts.” ~ Jordan Schachtel


Peter C. Earle

Mastercard’s Crypto Ruse

“With more corporate powerhouses supporting cryptocurrencies by the month, it appears that crypto is here to stay. Whether those cryptos are the ones currently popular or this announcement by Mastercard acts to initiate a path dependent development process is presently unknown and unknowable. Other recent initiatives by the massive processing firm suggest a focus that may thwart, rather than promote, the expansion of genuine, public cryptocurrency use.” ~ Peter C. Earle


Jack Nicastro

The Case for the Deregulated Texas Power Grid

“Markets learn from outlier events such as this one. Institutions and individuals will adapt in light of new perceptions of weather exigencies and risks. This is the major advantage of any deregulation market: it is adaptive. The same cannot be said for any system of regulated state control.” ~ Jack Nicastro


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