The Daily Economy
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No, Biden’s Protectionism Isn’t “All About National Defense”
“Evidence from America’s past… lends no support to those who insist that, absent higher tariffs and subsidies, America will probably be unable to maintain the industrial might she needs to defend herself militarily.” ~Donald J. Boudreaux
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Defense Manual for The War on Prices
“The book advocates for a substantial policy shift toward minimal governmental interference, allowing market mechanisms to function unimpeded. Sadly, we are moving in the opposite direction.” ~Vance Ginn
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Governments Shouldn’t Be In the Lending Business
“When government officials approve and guarantee loans, lenders don’t have to worry about taking the loss. They can be very generous, pursuing what they regard as socially beneficial goals, and never worrying about the losses the taxpayers will have to bear.” ~ George Leef
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Our Kids Have No Economic Immune Systems
“Kids are told they can do anything, that they are personally mighty and important. But they never have the experience of everyday effort and failure.” ~Michael Munger
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Confounding the Case for Oil and Gas Collusion
“Oil is produced and sold in a global market. Even true cartels like OPEC don’t have total control over prices. It comes down to supply and demand.” ~Alexander W. Salter
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The Sixties’ Toxic Legacy
“Woke-friendly corporations, billionaires, foundations, and individuals with impressive foreign ties are demonstrating the effectiveness of funding campus radicals…echoing similar anti-Western, violent hate-marches throughout Europe and elsewhere.” ~Juliana Geran Pilon
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Governments, Not Markets, Impel ESG
“Prominent financial institutions have backpedaled on ESG, with net outflows from ESG funds. This divestment suggests that financial institutions may have overestimated market demand for ESG.” ~Daniel Sutter and Allen Mendenhall
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Biden’s Latest Student-Loan Bailout
“What the Secretary purports to exercise in the proposed rule is no ‘discretionary’ authority appropriate to the executive branch; it is full-blown legislative authority, treading into the appropriations domain constitutionally reserved to Congress.” ~Jack Fitzhenry and GianCarlo Canaparo
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Dollar Dominance, Dollar Dependence
“Skeptics to the global monetary hegemon have long called for its demise — on causes of design or ideology, theory or empirics. And for decades, they have been proven wrong.” ~Joakim Book
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Inflation Continued to Decline in April
“While inflation is declining once more, members of the Federal Open Market Committee (FOMC) have suggested rates would need to remain high for longer than they had previously projected.” ~William J. Luther
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Helping Social Security by Helping Yourself
“Not retiring — instead, doing age-appropriate jobs — is at least a partial solution to the prospect of an insolvent Social Security trust fund.” ~Jimmy Alfonso Licon
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“A Child Is Not the Mere Creature of the State”
“The educational diversity that exists today — district schools, private schools, charter schools, home schools, and microschools among them — are an enduring testimony to the Pierce decision and to that bedrock principle.” ~Jeff Ziegler
