Pertinent Category: Daily Economy

US Can Thwart the CBDC Onslaught

– February 9, 2024

“The argument that lagging digital dollar development is necessarily bad for Americans ignores a long history of US government promises about gathered data and its use.” ~Peter C. Earle

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The flag of the American Federal Reserve System waving in the wind with the flag of the United States Washington DC March 2022

Time to Tame the “Apolitical” Fed?

– February 8, 2024

“The Fed’s self-conception as an apolitical technocracy blinds it to the degree to which it has weighed in on fundamental political issues, which instead ought to be deliberated in Congress.” ~Alexander W. Salter

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Biden to Export Ideology Instead of Natural Gas

– February 8, 2024

“By restricting natural gas exports, the administration seeks to impose its vision for the future on the rest of the world.” ~Joel Griffith

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Inflation Already Ruined Your Super Bowl Party

– February 7, 2024

“The persistent inflation of the past three years saw spikes in tickets and hotel rooms, but also in the seemingly more affordable alternative: hosting or attending Super Bowl parties at home.” ~Peter C. Earle

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Can Adam Smith Save Gen Z?

– February 7, 2024

“Convincing this generation of college students requires making the positive argument for the free market, restoring to prominence the real case Adam Smith made for markets, individual liberty, and restrained government against the backdrop of official state control.” ~Blake Ball

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Milei’s Bid for Freedom

– February 6, 2024

“Rather than simply bemoan the poor policies of Peronist statism, Milei laid out precisely why the alternative to statism — liberated markets — can offer so much more.” ~Paul Schwennesen

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The Fed Says Its Record Losses Don’t Matter

– February 6, 2024

“While not a groundbreaking revelation for any central bank, the lack of concern about the economic and institutional implications of monetizing financial obligations is cause for concern.” ~Nicolas Cachanosky

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Create Wealth Without Making Anything

– February 5, 2024

“Sellers at vintage markets and flea malls are creating value every bit as much as their friends and neighbors working in the coal mines or in the mills. They’re transforming lower-value assets to higher-value uses.” ~Art Carden

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Debt and Unfunded Liabilities

– February 5, 2024

“Unfunded liabilities stress state and local budgets and signal painful future tax increases just as much as bond obligations. Government debt is growing rapidly at all levels.” ~Tom Savidge

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Not a Very Virtuous Virtue Signal

– February 2, 2024

“Calling the extraction of resources from one group to give to others an investment, rather than wealth redistribution that reduces others claims on their own property, is a massive misrepresentation.” ~Gary M. Galles

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Unseen Innovation

– February 1, 2024

“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux

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Milei Proves That Ideas Matter

– January 31, 2024

“Rather than the thin gruel of economic grievance offered by American right-wing populists, Milei’s policies are built on his vast knowledge of sound and successful, albeit politically unpopular, economic thinking.” ~ G. Patrick Lynch

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