Pertinent Category: Daily Economy

Baseball, a Beer, and a Dog

– March 29, 2024

“The most expensive beer in the major leagues is found where everything seems to be most expensive: Washington, DC. At Nationals Park a single beer will set you back $14.99.” ~James R. Harrigan

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Biden’s ‘Strike Force’ Recalls Nixon’s Economic Plan

– March 29, 2024

“The so-called Strike Force is likely to act as a bludgeon for government attacks on private interests, and in particular, those viewed as adversaries to the administration.” ~Peter C. Earle

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Industrial Policy’s Short-Run Booms Risk Long-Term Failures

– March 28, 2024

“Small firms like GF will enjoy morsels, but legacy firms like Intel — who are already more immune to market shocks and decline — make subsidies into a buffet.” ~Ryan M. Yonk and Jacob Bruggeman

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Red Alert: Biden’s Biggest Chips Act Expense Yet

– March 28, 2024

“When politicians resort to deficit spending to bankroll industrial ventures, they put upward pressure on interest rates by issuing more debt and competing with scarce private funds.” ~Vance Ginn

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Why Cops Tell Homeowners: Just Give Criminals Your Car Keys

– March 27, 2024

“Despite the rich tradition and popular appeal of the right of self-defense, Justin Trudeau and many others remain hostile to it.” ~Jon Miltimore

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Fixing A Big Mistake in Risk-Based Capital Rules

– March 27, 2024

“Both long Treasuries and mortgage-backed securities guaranteed by government agencies are in current regulation included as ‘High Quality Liquid Assets.’ But of course they both can and have created plenty of interest rate risk.” ~Alex J. Pollock

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“The Price of Time” and Broken Central Banking

– March 26, 2024

“The unique value of Chancellor’s book, beyond tracing this intellectual history of interest and illustrating it by financial debacles up and down the centuries, is to connect the social and market outcomes with the broken money markets.” ~Joakim Book

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To Remain Free, Make the Ordinary Meaningful

– March 25, 2024

“Those who don’t take responsibility for making meaning in their lives can become the worst among us.” ~Barry Brownstein

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China’s Economic Facade is Cracking 

– March 25, 2024

“The country is reaping the whirlwind of conscious decisions on Beijing’s part over the past 15 years to embrace more state-centric economic policies.” ~Samuel Gregg

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Fiscal Federalism Turned Upside-Down

– March 25, 2024

“Federal spending spikes immediately after a recession or emergency, then lowers when the crisis subsides, but never down to pre-crisis levels.” ~Peter C. Earle and Thomas Savidge 

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Correlation Is Not Enough

– March 22, 2024

“The ‘look here, too’ method provides a valuable check on statistical interpretations adopted because they advance someone’s agenda, rather than accuracy.” ~Gary Galles

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Uber and Lyft Drive Out of the Twin Cities

– March 22, 2024

“When costs go up, the money to pay for the increase can only come from one of three places: customers paying higher prices, business owners earning less profit, or workers being laid off, losing work hours, or losing benefits.” ~James Harrigan

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