The Daily Economy
Do EV Producers Need Taxpayers’ Protection?
“Protectionist subsidy of American EV producers necessarily diverts resources away from other industries in the US. What is the value of the production that declines in America because of EV protection?” ~Donald J. Boudreaux
What Chalkboard Curves Ignore
“When dealing with public policies, however, we should remember that using just one diagram may still be misleading. More than one incentive story or relationship is usually in play.” ~Gary M. Galles
Price Theory and Portion Sizes: Why Chipotle Got Cut for Cutting Costs
“Chipotle leadership could try the risky option of waiting out the bad PR, but the brand may not be willing to take that risk. It’s not expensive for customers to switch to a Chipotle substitute.” ~Andrew den Boggende and Thomas Savidge
Erik Angner’s Defense of Our Dismal Discipline
“The conversational tone is excellent for the wide audience he intends — those skeptical of economists and economics — and it’s easy enough to follow along his clear prose even for those without prior training in our arcane arts. ” ~Joakim Book
Erik Angner’s Defense of Our Dismal Discipline
“The conversational tone is excellent for the wide audience he intends — those skeptical of economists and economics — and it’s easy enough to follow along his clear prose even for those without prior training in our arcane arts. ” ~Joakim Book
Should Taxpayers Fund a Strategic Bitcoin Reserve?
“Given that the reserve of gold can be viewed only as the federal government holding it for investment purposes, there is no particular reason to focus only on gold and not include other assets, including cryptoassets such as bitcoin.” ~Gerald P. Dwyer
Competing Narratives on Real Wages
“Democrats want to take credit for the higher real wages. Republicans want to deny that real wages are higher. Both are obscuring the facts.” ~William J. Luther
Cuban Food Shortages: Another Red Flag
“Facing price controls, taxes and tariffs on food in Cuba, and it shouldn’t be surprising that food markets are increasingly becoming distorted, shortages are frequent, and people remain impoverished.” ~Byron B. Carson, III
Minimum Wages Wreak Labor Havoc
“They arrogantly believe that this time will be different; that their version of a minimum wage will work where every other has failed. Unfortunately, this is what every previous lawmaker believed, too.” ~David Hebert
Trillion-Dollar Surprise in the Inflation Reduction Act
“All this adds up to an open tab that renewable energy companies can use over and over again and that taxpayers will pick up. Unless Congress acts to close these loopholes, a $35 trillion debt will look quaint when the US surpasses $45 trillion or even $50 trillion in the 2030s.” ~Paul Mueller
The Freedom of Discovery
“America, with its freedoms of religious liberty and expression, was the ideal place for an inquiring mind to push the boundaries of discovery, unfettered by ideology, religious, scientific, or otherwise.” ~Will Sellers
There’s Nothing Conservative about Deficits and Debt
“Interest payments now suck up more of the federal budget, leaving less to spend on important political priorities. Since Republicans and Democrats disagree about what those priorities are, the resulting fiscal strain amplifies partisan divisions.” ~Alexander W. Salter
