Daily Economy
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AIER’s Everyday Price Index Rises 0.29 Percent in September 2023
“Spots of price momentum in the September CPI support the Federal Reserve’s higher-for-longer mantra, and raise the possibility that even now policy rates are insufficiently restrictive.” ~Peter C. Earle
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Kvetching
“Pundits and politicians who describe free trade as an imposition are either hopelessly ignorant of the meaning of free trade, or they are intentionally portraying it in a false light in order to scare people.” ~Donald J. Boudreaux
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Oh, SNAP
“People make food choices based on a variety of factors, including taste, convenience, and price. Simply paying people to eat more fruits and vegetables is unlikely to change these underlying factors.” ~Antony Davies
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Catch-up Inflation
“Where there is collective bargaining, workers go on strike to demand higher wages in order to catch-up to inflation. Elsewhere in the economy, individual workers bargain for higher wages with their current employer, or begin searching for better-paying jobs.” ~Clifford Thies
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Joe Biden, Shifty Economists, and the Big Lie
“America’s federal tax system remains steeply progressive, and no politically motivated data manipulation will ever alter that fact.” ~Phil Magness
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Do I Own What Is Mine?
“We should rethink the deference we give what may be the shortest, but not the least damaging weasel word in common usage today.” ~Gary M. Galles
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How Little Mound Bayou Became a Powerful Engine for African American Civil Rights and Economic Advancement
“Many African Americans carefully kept track of events in the town, seeing it as a test case for Booker T. Washington’s theory that a prerequisite for political rights was the slow accumulation of economic power.” ~David Beito
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The FTC’s Case Against Amazon is a Case Against American Consumers
“Even in an era of inflation, digital markets have had profoundly deflationary effects. Disassembling Amazon’s business model would almost surely dampen this trend.” ~David McGarry
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A “Flame of Fire” for Every Age: James Otis and the Writs of Assistance
“Otis asserted that every man, merely natural, was an independent sovereign, subject to no law, but the law written on his heart, and revealed to him by his Maker in the constitution of his nature and the inspiration of his understanding and his conscience.”
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Economic Freedom of the World: US Improves While Hong Kong Falls
“As the US strives to enhance its economic freedom, the country would be wise to heed the lessons offered by Singapore’s rise and Hong Kong’s fall.” ~Vance Ginn
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•
AIER’s Everyday Price Index Rises 0.29 Percent in September 2023
“Spots of price momentum in the September CPI support the Federal Reserve’s higher-for-longer mantra, and raise the possibility that even now policy rates are insufficiently restrictive.” ~Peter C. Earle
-
•
Kvetching
“Pundits and politicians who describe free trade as an imposition are either hopelessly ignorant of the meaning of free trade, or they are intentionally portraying it in a false light in order to scare people.” ~Donald J. Boudreaux
-
•
Oh, SNAP
“People make food choices based on a variety of factors, including taste, convenience, and price. Simply paying people to eat more fruits and vegetables is unlikely to change these underlying factors.” ~Antony Davies
-
•
Catch-up Inflation
“Where there is collective bargaining, workers go on strike to demand higher wages in order to catch-up to inflation. Elsewhere in the economy, individual workers bargain for higher wages with their current employer, or begin searching for better-paying jobs.” ~Clifford Thies
-
•
Joe Biden, Shifty Economists, and the Big Lie
“America’s federal tax system remains steeply progressive, and no politically motivated data manipulation will ever alter that fact.” ~Phil Magness
-
•
Do I Own What Is Mine?
“We should rethink the deference we give what may be the shortest, but not the least damaging weasel word in common usage today.” ~Gary M. Galles
-
•
How Little Mound Bayou Became a Powerful Engine for African American Civil Rights and Economic Advancement
“Many African Americans carefully kept track of events in the town, seeing it as a test case for Booker T. Washington’s theory that a prerequisite for political rights was the slow accumulation of economic power.” ~David Beito
-
•
The FTC’s Case Against Amazon is a Case Against American Consumers
“Even in an era of inflation, digital markets have had profoundly deflationary effects. Disassembling Amazon’s business model would almost surely dampen this trend.” ~David McGarry
-
•
A “Flame of Fire” for Every Age: James Otis and the Writs of Assistance
“Otis asserted that every man, merely natural, was an independent sovereign, subject to no law, but the law written on his heart, and revealed to him by his Maker in the constitution of his nature and the inspiration of his understanding and his conscience.”
-
•
Economic Freedom of the World: US Improves While Hong Kong Falls
“As the US strives to enhance its economic freedom, the country would be wise to heed the lessons offered by Singapore’s rise and Hong Kong’s fall.” ~Vance Ginn