Daily Economy
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CBDC Ban Does Little to Bolster Financial Privacy
“The battle for safeguarding individual rights over financial information and freedom from undue government control must encompass all forms of financial transactions, whether digital or physical.” ~Nicolás Cachanosky
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Investors Make Houses More Affordable, Not Less
“Blaming high housing prices on private equity because they ‘bought up all the available homes’ is like blaming high food prices on grocery stores because they bought up all the available food.”
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Arguments Against Markets
“Those of us who want to keep government small and strictly limited — and, hence, who want individuals to make whatever peaceful choices they wish — are far outnumbered by individuals who distrust markets to deliver enough of the goods to enough of the people.” ~Donald J. Boudreaux
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Policy Uncertainty Drives Economic Volatility
“Regulations often have significant compliance costs and operational challenges. The regulatory burden can stifle innovation and deter investment, particularly in industries struggling with economic headwinds.” ~Vance Ginn
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Schedule F vs. Reality
“Reforming the administrative state and rewriting statutes and regulations is hard work, requiring careful policymaking, talented people, and consensus-building. It’s not the product of gimmicks like Schedule F and databases of inexperienced people.” ~Thomas A. Firey
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Chin Scratchers Bias Flame Throwers
“Frank Bruni has reached the phase in life where the young activists of his own team are alarming him with their crusading zeal and over-the-top methods.” ~Rachel Lu
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Business Conditions Monthly April 2024
“The road ahead remains uncertain, though, with potential outcomes ranging from a slow, steady economic rebalancing to sluggishness or even a recession.” ~Peter C. Earle
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There’s No Good Reason to Raise the Inflation Target
“Why not give the central bank a wider berth, if it helps to stabilize the economy? Because it doesn’t actually help. Interest rates are a distraction.” ~Alexander W. Salter
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Want Better Higher Ed? Get the Feds Out
“Market-like responses to dissatisfaction with schools are heavily muted by subsidies. The Biden administration is working for wide cancellation of student debt, which would squelch even these limited market forces.” ~Neal McCluskey
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The Magna Carta’s Constitutional Tradition
“While not perfect by any means, the Magna Carta was the first example of a bloodless revolution in which the rule of law and rights in contracts lead to the advancement of civilization.” ~Will Sellers
