Daily Economy
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Business Conditions Monthly February 2023
“In January 2023, the AIER Leading Indicators rose to a just-above-neutral 58, with the Coincident and Lagging Indicators falling to a neutral 50. This is the most neutral the Business Conditions Monthly have been since the Spring of 2020.” ~ Peter C. Earle
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Responsible Budgeting Corrects Bipartisan Overspending Crisis
“The negotiations around raising the debt ceiling should be that opportunity to provide fiscal sanity. If not, we will have more costly consequences that Americans can’t afford.” ~ Vance Ginn
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Hospitalized With, or Hospitalized For?
“It has been three years. Isn’t it about time we got more accurate data on COVID-19 hospitalizations and deaths?” ~ Jon Sanders
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Why Austrian Economists Are Not Employed as Policy Advisers
“The problem is not so much our reliance on economics as our reliance on politics. Politics insists that we must pretend to believe in the fiction of central direction of markets as effective policy.” ~ Michael C. Munger
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Sowing the Seeds of 1776
“In April 1768, an opinion writer known only as ‘A Farmer in Pennsylvania’ finished the last letter in a series decrying the Townshend Acts and making the case for colonial Americans’ natural rights.” ~ Guy F. Burnett
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Modern Economics and What the Buddha Taught
“At its root, economic self-interest means taking responsibility for one’s own survival and material well-being; it means taking care of oneself so as not to burden society, which lays the foundation for a happiness based on achievement and self-worth.” ~ Robert Edward Gordon
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Biden’s Industrial Policy Flop
“Biden’s industrial flop will disrupt entrepreneurial activity and hobble the American economy. We should learn the lessons of the past and accept, once and for all, that industrial policy doesn’t work, no matter how much we will it.” ~ Michael N. Peterson
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Forging Modernity or Freedom?
“Forging Modernity is an excellent example of old-school economic history, rich in detail and fine reading on a cold winter night, huddled together with loved ones for warmth, thanks to war, inflation, and plummeting economic freedom.” ~ Robert E. Wright
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Treating Adults like Children
“Now more than ever, those of us who simply want to be able to think new thoughts and try new things must defend the rights of those whose lifestyles we may not wish to copy. Treat adults like… adults.” ~ Jason Sorens
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Apres Biden, Le Deluge: When the Republican Party Gives Up Entitlement Reform
“Even the Biden Treasury Department labels the present financial path as ‘unsustainable.’ Refusing to look at so-called entitlements, most importantly Medicare and Social Security, ensures growing outlays, deficits, and debt.” ~ Doug Bandow
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•
Business Conditions Monthly February 2023
“In January 2023, the AIER Leading Indicators rose to a just-above-neutral 58, with the Coincident and Lagging Indicators falling to a neutral 50. This is the most neutral the Business Conditions Monthly have been since the Spring of 2020.” ~ Peter C. Earle
-
•
Responsible Budgeting Corrects Bipartisan Overspending Crisis
“The negotiations around raising the debt ceiling should be that opportunity to provide fiscal sanity. If not, we will have more costly consequences that Americans can’t afford.” ~ Vance Ginn
-
•
Hospitalized With, or Hospitalized For?
“It has been three years. Isn’t it about time we got more accurate data on COVID-19 hospitalizations and deaths?” ~ Jon Sanders
-
•
Why Austrian Economists Are Not Employed as Policy Advisers
“The problem is not so much our reliance on economics as our reliance on politics. Politics insists that we must pretend to believe in the fiction of central direction of markets as effective policy.” ~ Michael C. Munger
-
•
Sowing the Seeds of 1776
“In April 1768, an opinion writer known only as ‘A Farmer in Pennsylvania’ finished the last letter in a series decrying the Townshend Acts and making the case for colonial Americans’ natural rights.” ~ Guy F. Burnett
-
•
Modern Economics and What the Buddha Taught
“At its root, economic self-interest means taking responsibility for one’s own survival and material well-being; it means taking care of oneself so as not to burden society, which lays the foundation for a happiness based on achievement and self-worth.” ~ Robert Edward Gordon
-
•
Biden’s Industrial Policy Flop
“Biden’s industrial flop will disrupt entrepreneurial activity and hobble the American economy. We should learn the lessons of the past and accept, once and for all, that industrial policy doesn’t work, no matter how much we will it.” ~ Michael N. Peterson
-
•
Forging Modernity or Freedom?
“Forging Modernity is an excellent example of old-school economic history, rich in detail and fine reading on a cold winter night, huddled together with loved ones for warmth, thanks to war, inflation, and plummeting economic freedom.” ~ Robert E. Wright
-
•
Treating Adults like Children
“Now more than ever, those of us who simply want to be able to think new thoughts and try new things must defend the rights of those whose lifestyles we may not wish to copy. Treat adults like… adults.” ~ Jason Sorens
-
•
Apres Biden, Le Deluge: When the Republican Party Gives Up Entitlement Reform
“Even the Biden Treasury Department labels the present financial path as ‘unsustainable.’ Refusing to look at so-called entitlements, most importantly Medicare and Social Security, ensures growing outlays, deficits, and debt.” ~ Doug Bandow