Newmark's Door

Yet another well-intentioned but now obsolete and costly Liberal policy that should stop.

Good: noted finance professors Aswath Damodaran and Bradford Cornell question the performance of ESG funds.

A piece by noted economist John Cochrane that will ruin your week: maybe the slower growth of the last few decades is due to regulation. Even worse the market doesn't seem to be correcting it.

If all this adds up, though, it asks the question just why "policy-making" technocratic elite, who have been so wrong about so much for so long remain able to impose such things on the rest of us. Why are they so immune from competition? 

Read if you want to know what sounds like a secret of academic--or at least, economics--publishing.

Long and somewhat technical but quite worthwhile and fun to read. Spoiler: economics comes out best among the social sciences. (No surprise to me . . .)

Link via Marginal Revolution.

The argument here is that stock market valuations currently seem quite high and taking it now or very soon, you might not earn the normal rate of return on your investments and so you should delay. 

Could teachers' union be contributing to . . . to . . . [gasp!] inequality??

It really shouldn't be necessary to explain this, but noted economist Edward Lazear does a nice job anyway.

The new data is just for July, but hey, I'll take good news from almost anywhere I can find it.

Yet another indication of why the free market is generally awesome.