Average Inflation Targeting Risks Further Politicizing the Fed

– October 15, 2020

“Perhaps the Fed’s move to average inflation targeting won’t make much of a difference. But it nonetheless risks further politicizing the Fed. To the extent that it means the Fed will engage in even more credit allocation and Congress will take a more active role in guiding those credit allocation discussions, there is cause for concern.” ~ Nicolás Cachanosky

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Reaping What Big Government Sowed

– October 14, 2020

“Future generations, if there are any, will look back at 2020 and wonder why anyone thought themselves a member of a ‘democratic society’ simply because they could cast a ballot every now and again. The people (demos) do not rule, self-interested government officials do. Only by returning to limited government, voluntary association, and self-reliance can Americans reject this dystopian year and return to, not utopia, but happiness, which the nation’s Founders understood as prosperity mixed promiscuously with liberty.” ~ Robert E. Wright

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Trump Mania: Why Do We Care So Much About Politics?

– October 14, 2020

“This isn’t a binary world: it was never ‘Trump or nothing,’ or ‘Trump or Utopia.’ What can be reasonably ascribed to Trump is the minor difference between him and the next guy (who, in the grand scheme of things agrees with him on 95% of issues) – deflated by the sum of changes in technology, markets, finance, trends, fashion and even societal beliefs.” ~ Joakim Book

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Frankenstein 2020: An Economic Horror Story

– October 13, 2020

“It is time to heed the warning of Frankenstein, time to acknowledge the Monster at our national door and the hubris that led intellectuals to create it. For make no mistake, it seeks not only ‘treats’ but the thrill of perpetuating nasty ‘tricks’—to ‘blow up’ or ‘burn down’ our country to achieve the false promise of ‘equity.’ And in that game, we are all losers.” ~ Caroline Breashears

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The Political Circus and the Court

– October 13, 2020

“Rather than wondering on what rationale political candidates such as Kamala Harris and Mike Pence, or Joe Biden and Donald Trump can have the audacity to offer themselves for any election consideration, since they insist that they need our votes so they can then lord over us according to their political prerogatives and caprices, we, instead, express our chagrin that Biden and Harris won’t say if they will pack the court if and when they are elected, and we show focused amusement that a fly takes a rest in Pence’s hair even as he reassures us that Trump is in planful control of our lives in the trying times of a pandemic.” ~ Richard M. Ebeling

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The Obsession with Funders

– October 11, 2020

“Science can, and does, go wrong. It’s our job to spot its errors, point them out and fix them. Not yap on irrelevantly about where the money came from.” ~ Joakim Book

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The Devastating Economic Impact of Covid-19 Shutdowns

– October 10, 2020

“U.S. states with brief or no lockdown measures (e.g. South Dakota and Nebraska) experienced the smallest degrees of economic damage. And predictably, in industries that are most sensitive to lockdown – small firms generally, where most job creation takes place; service industries, which now dominate the US economy; and more broadly any company with jobs that don’t readily convert to a work-from-home basis – the result is wanton destruction and loss.” ~ Peter C. Earle & Amelia Janaskie

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Professor Sunetra Gupta on the Perils of Disease Modelling

– October 9, 2020

What’s extraordinary to consider is how the principles she presents here apply equally to economics, sociology, history, and political theory. Gupta writes here like the F.A. Hayek of epidemiology. But the topic of the day is public health and here are her extraordinary observations, ending in a grave warning.

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With Facebook, Antitrust Officials Advertise Astonishing Ignorance

– October 9, 2020

“If Facebook is to remain dominant and relevant, readers can rest assured that it will remain on top precisely because Instagram will eventually be yesterday’s news within Facebook; the photo and video-sharing juggernaut of the moment eclipsed by business lines or apps that market participants are presently dismissive of, undervaluing, or both.” ~ John Tamny

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Woke Financial Crisis Part Deux

– October 9, 2020

“Ideologues can claim that mathematics is merely a human construct but there really is a real world out there. It has bitten us in the keister before and appears poised to do so again, just for ignoring it. Maybe we should all wake up.” ~ Robert E. Wright

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The Great Barrington Declaration and Its Critics

– October 7, 2020

“The writers of the Great Barrington Declaration expressly recognize both sides of the equation and seek to minimize coronavirus deaths among the vulnerable and suffering inflicted upon the nonvulnerable. It should be obvious which is the better approach.” ~ Jenin Younes

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Why is the United States Trying to Shut Down Huawei?

– October 7, 2020

“Really, where did conservatives and/or Republicans ever get the idea that we’re improved the more that our politicians weaken our competitors? And since national security is regularly bruited as the excuse for nascent protectionism, where did they ever get the idea that the latter would make us safer in a foreign policy sense?” ~ John Tamny

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