Business Should Fight Back Against Controls
“The full spirit and many of the practical steps that Manne recommended to business people nearly 50 years ago as rational responses to the unwarranted hysteria over fuel shortages apply today to the unwarranted hysteria over Covid-19. Today, I recommend such resistance, and not only by business people, but by all individuals.” ~ Donald J. Boudreaux
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GameStop, Bitcoin, and the Federal Debt
“The flash mobs, coordinated as they are by social media, have created disturbing and disruptive bubbles and may continue to do so. Bitcoin is probably not in a bubble. Above all, let’s not forget the ominous longer-term debt bubble.” ~ Warren C. Gibson
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Robert Higgs: A Birthday Appreciation
“Higgs’s virtuosity as an economic historian stems from clear and careful analytical thinking combined with an understanding of what the state is and what the state is not. He is not a romantic about war and the state, to put it lightly, and he has never shied away from calling a government exactly what it is: an organization that gets what it wants by threats and violence.” ~ Art Carden
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Incentive Problems with Discretionary Central Banking
“Discretionary central banking creates bad incentives. To overcome bad incentives, we must take away the discretion. The Fed, so long as it exists, should follow a rule.” ~ Alexander W. Salter
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How to Navigate the Stock Market Madness
“There is nothing wrong with partaking in recent fad investing trends; some of them even seem quite promising. However, just like anything else, being prepared and knowledgeable will ensure your success is long-term and not just the prelude to disaster.” ~ Ethan Yang
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Equity Performance Amid One-Party Rule in America
“If history (especially more recent history) is a guide, U.S. equity gains over the next two years of full Democratic control will be inferior, a result that is more probable given that the party is currently more anti-business, anti-profit, and anti-capitalist than at any other time since 1970.” ~ Richard M. Salsman
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Global Productivity Growth Post-Covid – Down But By No Means Out
“The current pandemic has yet to run its course, and the social and economic impact will take much longer to work its way through. Productivity growth, in the medium term, is liable to disappoint, but deferred creative disruption – a deferral which artificially low interest rates have allowed to persist since 2008, if not earlier – could set the stage for an era of dramatic productivity growth in the decades ahead.” ~ Colin Lloyd
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A Pro-UBI Talking Point Debunked
“Perhaps the robot apocalypse really will come at some point. Perhaps not. But what is clear is that it hasn’t come yet. Until it does, we should target our aid to Americans in need – not to the entire population.” ~ Nick Buffie
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No, Lockdowns Do Not Foster Creative Destruction
“When recovery from the effects of lockdowns, stay-at-home orders, and other draconian measures finally comes, it will be in spite of, not with the help of––and certainly not because of––county, state, and Federal government measures.” ~ Peter C. Earle
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Thomas Sowell — Intellectual Maverick at Work
“Watching this documentary on Sowell, I am once more struck on how many fruitful research questions can be raised by pursuing the hypotheses he raises in his works. I also respect the clarity of his voice, and the clarity of his purpose.” ~ Peter J. Boettke
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Fundamental Questions about Corporate Donations
“Corporate governance today, after all, is not democratic, even in the vague sense of representative. Generally speaking, corporate elections are not secret and hence voters, especially employee shareholders, are subject to coercion. Moreover, voting power is a function of the number and type of shares owned, and executives control the proxies of many shareholders by default.” ~ Robert E. Wright
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Too Many Experts, Too Little Knowledge
“The kind of information people acquire in their myriad interactions with others is often undervalued as a means of preventative behavior. As helpful as science is for understanding causal mechanisms — and it is — it should not be the only source of knowledge that informs your behavior, let alone policy.” ~ Byron B. Carson III & David Waugh
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