The Daily Economy
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Alfred Marshall’s Scissors
“There is simply no necessary relationship between cost and price.” ~Michael Munger
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Ford’s Massive Retreat From EVs, Explained
“The costs of listening to industry experts and politicians in Washington instead of consumers — and profits — have been severe.” ~Jon Miltimore
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In Policy, Vagueness is No Virtue
“Vagueness virtually ensures bad policies, if advancing Americans’ well-being —rather than party power — is the criterion.” ~Vincent Geloso
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The Supreme Court Reshuffles the Regulatory Deck
“The protections afforded by Loper Bright make for settled expectations that better conform to everyday notions of fairness.” ~Dan Greenberg and David McFadden
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Artificial Intelligence: Our Days (Probably) Aren’t Numbered
“Releasing labor from areas where machines have taken over has created many new possibilities.” ~Art Carden
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Fed Rate Cuts Are Unlikely to Goose the Stock Market or Prevent a Recession
“Rate cuts based on hindsight instead of foresight can confirm a recession but can’t prevent it.” ~Richard Salsman
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Fed Rate Cuts: Better Late than Never
“A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed.” ~William J. Luther
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More Human Capital Requires More Economic Freedom
“Freer economies are able to make human capital (and self-improvement) more enticing for workers.” ~Vincent Geloso
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The Dangerous Reinterpretation of Freedom
“When freedom from coercion is no longer a shared societal goal, history teaches that unimaginable horrors can be just around the corner.” ~Barry Brownstein
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Break Out of Bad Therapy: Gen Z’s Road to Resilience
“A confused society cannot coalesce upon what a ‘fact’ even is, much less a vision of the common good.” ~Katelyn Shelton
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Ten Lessons of the Economic Way of Thinking
“Humans do not obtain god-like knowledge, wisdom, or goodness by acting politically.” ~Donald J. Boudreaux
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Welfare is a Jealous Polygamist
“Benefits are contingent, and the contingencies — no jobs, no marriage — are detrimental to women long term, and disturbingly similar to the restrictions a polygamist would impose.” ~Michael Munger
