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Manufacturing Activity Increases for A Second Month but Full Recovery Still Far Off
Easing of lockdown policies in May and June is helping the economy on the path to recovery but surging new COVID-19 cases and deaths could derail the progress.
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A Keynesian Path Would Be the Wrong Path for the U.S. Economy
“Following a crisis, countries with higher levels of economic freedom–that is, with institutions closer to those proposed by Hayek than Keynes–suffered smaller economic contractions and faster recoveries. Keynesian ideas have dominated the political worldview for decades. But we would be better off following Hayek.” ~ Nicolás Cachanosky
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How Much Should You Sell Your Vote For This November?
“All that can be said for certain is that in most states it is now quite possible to do so and that the masked stranger does not even have to work for a political party or candidate. In fact, vote buying solves problems for donors by ensuring maximum effect for each dollar spent and by sidestepping campaign finance laws.” ~ Robert E. Wright
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Modeling and Its Failures Issue
Harwood Economic Review Summer 2020 – Modeling and its Failures
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On Externalities and Noise
“There is no world where trade-offs don’t apply, where we can have all the nice things we want without anybody, anywhere, getting upset. Externalities are everywhere, but if we want to live prosperous lives, some part of those lives will be impacted by others. Get over it.” ~ Joakim Book
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