The Daily Economy
Tariffs ‘Protect’ Insiders, While Americans Pay the Price
“The best way to address unfair trade practices is not through blanket tariffs but by expanding trade with allies and non-hostile nations.” ~Vance Ginn
From ‘Taxachusetts’ to ‘City Upon a Hill’
“Tax and spending reform takes more than ‘electing the right people.’ It must be politically profitable for the wrong people to make the right choices.” ~Thomas Savidge
Selling a House in Jersey: a Personal Story of Transaction Costs
“Sellers see fewer dollars from their sales while dealing with time-consuming headaches. Buyers see higher home prices.” ~Paul Mueller
Moderate Inflation Affirms Fed’s Path to Easing
“The Fed should ignore the political noise and follow the data. Central bankers failed to curb inflation, but that doesn’t mean they should deliberately make the opposite mistake now.” ~Alexander W. Salter
Unity in Disunity
“When ‘unity’ means government policies will substitute for choices we would make for ourselves, it means domination, even though we do not want to be dominated.” ~Gary Galles
Remembering the Truly Forgotten
“Money and finance are the font and essence of modernity. I honor and praise the memory of the professionals who worked in the World Trade Center.” ~Peter C. Earle
Overhaul for the Uninsured?
“Full reliance on a public budgeting system for providing access to medical care is a certain prescription for millions of disappointed patients.” ~James C. Capretta
Kroger Invests $1B in Antitrust Defense
“Consumers would be better served if companies could spend more time on improving their services and less on fending off litigation.” ~Noah C. Gould
Lose the Political Informality
“Politicians’ first-name basis… is a mercenary maneuver to gain our confidence on the cheap. It is literally a con game.” ~Donald J. Boudreaux
Harris’s ‘Joy’ Would Cost US Dearly
“Economists have a duty to point out just how destructive these proposals are.” ~Alexander W. Salter
Tax Cryptocurrencies as Money, Not Property
“Treating cryptocurrencies like property for tax purposes discourages people from using them like monies.” ~Gerald Dwyer
The Fed’s Balance Sheet Feeds Bailout Culture
“It appears that Fed officials came to believe that they had the authority and power to do whatever they deem necessary to ‘fix’ the economy.” ~Paul Mueller
