economics
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If ESG is a fad driven by America’s out-of-touch radical elites, markets will remedy the excess if ESG is not imposed via regulatory dictate.
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The “power” large businesses seemingly possess over us is limited and not based on force. Yet as the casting couch reminds us, economic power is not entirely benign. Today’s social media giants raise some of the vulnerabilities of economic power, meriting further attention.
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EconomicsFeatured
The “Inflation Reduction Act” Will Do Almost Nothing That Joe Manchin Says It Will
by James Agresti August 12, 2022The Inflation Reduction Act will do almost none of what Manchin claims it will—and often the exact opposite.
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Environment/EnergyFeatured
Oil Exporting and Poorer Countries Have Lower Costs for Gasoline
by Ronald Stein July 22, 2022The wealthy countries that have chosen to go “green” have the highest cost of gasoline and electricity.
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Listen to economists with different world views describe events and decide for yourself which view makes more sense.
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Environment/EnergyFeatured
Shortages and Inflation to be the New Norm as Refinery Closures Outpace New Construction
by Ronald Stein June 22, 2022With worldwide refinery closures outpacing new construction, shortages and inflation are likely to be the new norm that inflicts regressive expenses upon those that can least afford it, as control of the worldwide refining industry shifts to Asia and Europe.
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Environment/EnergyFeatured
Davos Reminds: Other Countries Aren’t Committing Economic Suicide for Climate Change
by Seton Motley May 31, 2022In very many WEFs past, lots of countries have made lots of climate change pledges and promises. They then moved on as if they never said anything – and kept doing what they had always been doing.
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The laissez-faire variation on the liberal theme never really had a chance, because except for a small handful like Ludwig von Mises, it had few champions, even in the market-oriented liberal camp.
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EconomicsFeatured
Federal Fiscal Shortfall Nears $1 Million Per Household
by James Agresti May 9, 2022While some believe the U.S. government can spend and borrow with abandon because it can print money, one of the most established laws of economics is that there is no such thing as a free lunch.
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The Fed’s inability to see the onrushing freight train of inflation that has smacked America shows again that experts know much less than they think.
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Government transfers cannot make a nation wealthier and have contributed substantially to inflation.
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EconomicsFeatured
Can Capitalism Survive? 80 Years After Schumpeter’s Answer
by Richard Ebeling April 26, 2022Our task is to do all in our power and ability to revive an understanding of and inspire a desire to preserve, restore, and extend the ideal and practice of the truly free society.
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Politicians who want to go into business should use their own money, not tax dollars.