Pertinent Category: Daily Economy

Economic Parasites: Their Gain, Your Pain

– August 18, 2023

“Just as biological parasites try to hide in the recesses of host bodies, economic parasites try to hide in the recesses of the body politic. Some, like leeches, cling tenaciously when exposed to the light. Others, like hookworms, feed deep in the belly of the economic beast.” ~ Robert E. Wright

READ MORE

Maui Needs Speculators

– August 18, 2023

“Some affected individuals would undoubtedly prefer to take a payout and move on rather than incur the expense of renting/purchasing a temporary domicile until the reconstruction is complete.” ~ Peter C. Earle

READ MORE

Fitch Drops US Creditworthiness: Spending is the Reason

– August 17, 2023

“The government should focus on fiscal responsibility and better budget management to avoid a deepening spending crisis, exacerbating Americans’ existing economic burden.” ~ Vance Ginn

READ MORE

Why is Lionel Messi Wasting His Time at Publix?

– August 17, 2023

“Maybe Messi isn’t wasting his time shopping at Publix. After all, they’re writing some of the checks to cover his eight-figure annual salary, and maybe conspicuously shopping there is part of the bargain.” ~ Art Carden

READ MORE

Alan Blinder’s Inflationary Incoherence

– August 16, 2023

“There’s nothing wrong with making incorrect predictions. It happens to all of us. There is something wrong with obstinacy in the face of overwhelming contradictory evidence..” ~ Alexander W. Salter

READ MORE

The Great Enrichment Was Enriching From the Start

– August 16, 2023

“Countless critics of the industrial revolution deny that Britain’s stupendous economic growth beginning in the mid-18th century produced benefits for ordinary people who lived through those early years of growth.” ~ Donald J. Boudreaux

READ MORE

What Kind Of Judicial Restraint Are We Talking About?

– August 16, 2023

“Those who have effectively remade the Constitution, while bypassing the process established to do so legitimately, are determined to defend those precedents.” ~ Gary Galles

READ MORE

State Development Incentives:  The Only Solution is Not to Play

– August 15, 2023

“The incentives of politicians and the goals of citizens can diverge, and nowhere is that divergence more obvious than in the case of targeted, private benefits to specific corporations paid for at public expense.” ~ Michael Munger

READ MORE

Where Did Early 20th Century Japan Go Wrong?

– August 15, 2023

“Japan embraced economic liberalization for some time, but lacked the necessary liberal political institutions that could sustain an open economy and temper overseas aggression.” ~ Jedediah Pida-Reese

READ MORE

Disinflation Dreams and Keynesian Confusion

– August 14, 2023

“America’s central bank has a lot of work to do to restore its lost credibility. Nevertheless, we have reasons to be optimistic.” ~ Alexander W. Salter

READ MORE

ESG: A Corporate Social Credit System backed by UN & WEF

– August 14, 2023

“Environmental, Social, and Governance, three pillars of a pervasive type of corporate social credit score that businesses are pressured or incentivized to abide by.” ~ Kate Wand and Samuel Gregg

READ MORE

Maximizers and Monopolies, A Benefit to Society

– August 13, 2023

“Consumers do not care that there is only one primary zipper manufacturer, they only care that their zippers work. Thus, if market needs are being met, competition isn’t a concern.” ~ Kimberlee Josephson

READ MORE