The Case for the Deregulated Texas Power Grid
“Markets learn from outlier events such as this one. Institutions and individuals will adapt in light of new perceptions of weather exigencies and risks. This is the major advantage of any deregulation market: it is adaptive. The same cannot be said for any system of regulated state control.” ~ Jack Nicastro
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Daycare Costs are Driven by Over-Regulation
“Adding the direct and indirect effects of government policies on daycare costs forces one to accept that the crisis is created by government interventions. If one really cares about making it easier for households to have both parents working thanks to accessible childcare, one should really look at policies that increase the supply before considering ways to subsidize demand.” ~ Vincent Geloso
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Prices Help Us Bear One Another’s Burdens
“When it comes to getting supplies to where they are most urgently needed, prices are absolutely necessary. Strangers on the other side of the world might not be texting to ask if they can help us specifically, but when they confront higher prices for water, gas, and building supplies and decide to make do with a little less, they are helping us in our time of need and bearing our burdens with us.” ~ Art Carden
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Accountants Have Learned To Live With Crypto
“Accounting professionals need to learn to live and work with crypto, and standard setters need to be proactive in the creation of crypto-specific standards. Applying standards developed for the 20th century economy to 21st crypto assets is already causing issues, and should be rectified to avoid wider market disruptions.” ~ Sean Stein Smith
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Exploring Deeply the Economics of Price Controls
“Governments are fond of dictating maximum prices and minimum wages. To the economically ignorant, these policies appear humane and worthwhile. But when examined through the lens of economics, these policies are clearly revealed to be harmful to the very persons they are ostensibly meant to help.” ~ Donald J. Boudreaux
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Who Wanted Pandemic Lockdowns?
“That we will look back with astonishment at what has happened to the world is a near certainty. The folly! And people of the future will never stop asking that great question of why. The answer is finally unsatisfying. It was a massive screw up by people and groups who wanted to try something completely new, none of whom were willing to bear responsibility for the results. It will be up to the rest of us to pick up the pieces and get life on the right track again.” ~Jeffrey Tucker
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“Sustainability” Misses the Point
“By standard definitions, what we are doing is ‘unsustainable,’ but most human activities are. Over some time period every activity is unsustainable, but that’s not an indictment, practically or morally, of doing them. When the environment is harming humans (the default position of life), we should offer those humans the best available protection against that – with or without a worsening climate.” ~ Joakim Book
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Masking America’s Greatest Natural Monuments
“There are unseen perils when federal policy seeks to placate mass fears rather than protect public safety. Plenty of Americans need to heed the warning a British publication gave to its readers: ‘Is constantly monitoring COVID rulebreakers wrecking your mental health?'” ~ James Bovard
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Robinhood and Redditors: Who’s Robbin’ Who?
“We don’t need more regulation; we need better regulation. We need the rule of law not only in monetary institutions but in financial markets too. We need to replace the ‘regulatory leviathan’ in financial markets with ‘a regulatory constitution.'” ~ Roger Koppl
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People Only Pretend to Practice Social Distancing
“Never before in the history of humanity have governments imposed universal rules for how close we can get to each other in the normal course of life. Does this not trigger some sense that we are being trolled? It should.” ~ Jeffrey Tucker
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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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Paternalism and Robinhood Revisited
“Robinhood and other self-directed apps like it have fundamentally disrupted the market in a good way. Many entrenched interests, be it private firms or the government, are not comfortable with this change. Hopefully, our leaders have seen firsthand the disruption that such abrupt and restrictive actions have on society.” ~ Ethan Yang
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