The Daily Economy
The Canary in the Coal Mine for California’s Public Pensions
Californian charter schools are avoiding or outright leaving the public pension system due to high costs and sustainability concerns. This puts the public pension systems in a situation akin to a Ponzi scheme, since it needs new paying members to avoid an inevitable downfall.
Exit Scans Are Here
If you are prevented from leaving your own nation, what kind of nation is it? Prison state comes to mind. So many people I know have come to favor closed borders because they somehow think there is a connection between big government and heterogeneous populations. What they do not seem to understand is that closed…
The Source of Terrible Ideas, and Great Ones
The parable of top-down socialism vs. bottom-up Bitcoin tempts one to adopt a general theory of the relationship between ideas and social change. It might be the case that bad ideas come from the top down and good ideas from the bottom-up, as a general expectation and principle. That seems to cover most use cases,…
How Fake Economics Perpetuates Itself
The news has been packed with fake economics for the weeks since the correction in stocks began. Story after story has claimed that rising wages could translate into higher inflation, setting off fear and trembling on Wall Street. These claims have caused anyone with contemporary economics knowledge to slap their heads with exasperation. This is…
Federalism Can Breathe Life into Infrastructure
Federal grants and transfers are the techniques of choice used by socialist regulators in all federal countries, because in such countries it’s difficult to impose one-size-fits-all national schemes from the top down. Hence, federal spending power greases the wheels of reform by bribing the population and docile politicians and blackmailing and boxing in politicians skeptical…
Remember What the Internet Is All About
Some great minds are remembered mostly for one moment in time, a momentous action or revelatory piece of writing. Such is the case for John Perry Barlow, who died on February 7, 2018. Born in 1947, he was a remarkable visionary, a lyricist for the Grateful Dead who later became a founder of the Electronic…
Delusions of Conservatives for Paid Family Leave
As soon as the federal government gets into the business of general income security, such as paid family leave, the stage is set for an almost endless entitlement expansion. The proposal that Rubio and the IWF have come up with will open a Pandora’s Box of egalitarian add-ons.
Medical Cartel Fears Dose of Amazon
After the announcement, insurers Cigna and Anthem stocks dropped by more than 5 percent, while UnitedHealth, Aetna, and Humana were down about 3 percent. Even popular drug stores, CVS and Walgreens, declined more than 4 percent.
New Yorkers Pick Up the Tab for Construction Pensions
Over the past 10 years, prevailing wages earned by New York public construction workers have almost doubled the rate of inflation. There is just one problem. Most of the increase didn’t go into their pockets.
Why the Crypto Community Needs to Support AIER
We’ve worked to counter the negative opinions of people at once-mighty institutions like the Bank for International Settlements and on. And the research you read here truly matters. AIER is not just another Medium account; it is one of the world’s most respected voices in economics. We have both the credibility and longevity. To win…
Pro-Trade Economists Helped Elect Trump the Protectionist
Economists tend to minimize those people who are hurt in the short run by free trade, but they’re hard to ignore as a political voting bloc.
More Guns, Less Crime?
What makes More Guns, Less Crime special is Lott’s uncanny ability to weave economic concepts with gun policy. The power of this text lies in its ability to make any economist or casual observer of economics feel at home.
