Critics of majoritarian democracy are fond of pointing out that it is akin to two wolves and a sheep voting on the dinner menu. That evinces graphically compelling imagery, but…
Category:
Economy
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In my previous article, I defended the much-maligned norm of tipping as an ingenious method of solving principal-agent problems. Gratuities incentivize good customized service when an employee can’t be monitored…
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War is Peace, Freedom is Slavery, and the consumption of raw eggs will almost certainly kill you. That is, at least, what our various regulatory agencies would like you to…
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The US economy was pushed to extremes during the pandemic recession and subsequent recovery. The unemployment rate peaked at 14.7 percent, the highest in the post-World War II period. Inflation…
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US Treasury debt, the global benchmark for nominally “risk-free” securities, was downgraded for the second time in history late Tuesday. Fitch Ratings lowered the credit grade of US government bonds…
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June 2023 saw expansion in both AIER’s Leading and Roughly Coincident Indicators, with the Lagging Indicator falling to a slightly contractionary bias. AIER’s Leading Indicator rose to 67 in May…
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The Bureau of Economic Analysis announced the Personal Consumption Expenditures Price Index (PCEPI) rose 0.2 percent during June. Headline inflation over the past year was 3.0 percent. It was 4.1…
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I’m in Holland at the moment, and the supply of outstanding croissants is astonishingly high. The price is even more astonishingly low. Even the crummiest (heh) generic grocery chain has…
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The United States House passed two bills in June to expand the definition of “accredited investors.” One passed unanimously and the other by 333-18, indicating that they were favored by…
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From August 22 through 24th, an extended coalition of over 40 nations which has become known as BRICS+ will meet in Johannesburg, South Africa. Among the likely topics of discussion…