Daily Economy
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Why Don’t You Go Somewhere Else?
“As an entreaty from an employer to a worker, ‘Why don’t you go somewhere else?’ deserves more respect. In many areas of our lives, to exit (to other opportunities) is often a more effective mechanism than to negotiate (talking others into adopting your point of view).” ~ Gary M. Galles
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Goodhart’s Law Explains School Decay
“By disentangling ourselves from measures and rankings, we can return to a focus on what education does for the human mind, not just the data sheets.” ~ Laura Williams
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Unit Auto Sales Weakened in December
“Light-vehicle sales slowed again in December and remain well below pre-pandemic rates. Inventories rose, and prices fell in November.” ~ Robert Hughes
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Weekly Initial Unemployment Claims Fell, but Risks Linger
“Initial claims fell to a 14-week low, but job cut announcements are trending higher. Elevated consumer price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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When Federal Interest Payments Come to Exceed the Military Budget: Time to Stop Defending the Rest of the World
“The US economy no longer can sustain a policy of endless war. Rising interest rates highlight the dismal state of Uncle Sam’s finances. Fiscal reality, as well as good sense, tells the US to focus on its own security.” ~ Doug Bandow
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Manufacturing-Sector Contracts Again in December
“The latest manufacturing survey suggests broad weakness and falling price pressures for manufacturers. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes
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Private-Sector Job Openings Remain High Despite a Second Consecutive Decline
“Private-sector job openings fell in November but remain high, suggesting an ongoing labor shortage. However, the outlook remains highly uncertain.” ~ Robert Hughes
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Economic Reality Is Far Too Complex to Be Improved By Trade Restrictions
“Unlike market participants guided by prices, politicians and administrators literally have no reliable information to guide them. They will therefore be guided exclusively by their own biases and hunches.” ~ Donald J. Boudreaux
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What Deeper Lessons Can We Learn From Southwest Airlines’ Meltdown?
“The lesson of Southwest Airlines’ debacle is not that it was ‘dumb’ or ‘shortsighted.’ Rather, it should make all of us think more deeply about the opportunity costs and benefits of small, or marginal changes in this efficiency-resiliency tradeoff.” ~ Craig J. Richardson
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A Key Lesson in Education Policy: You Don’t Make Peace with Termites
“As important as issues like taxes and regulations are, their most important (and most difficult) task is to restore control of education to people who actually want to educate.” ~ George Leef
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•
Why Don’t You Go Somewhere Else?
“As an entreaty from an employer to a worker, ‘Why don’t you go somewhere else?’ deserves more respect. In many areas of our lives, to exit (to other opportunities) is often a more effective mechanism than to negotiate (talking others into adopting your point of view).” ~ Gary M. Galles
-
•
Goodhart’s Law Explains School Decay
“By disentangling ourselves from measures and rankings, we can return to a focus on what education does for the human mind, not just the data sheets.” ~ Laura Williams
-
•
Unit Auto Sales Weakened in December
“Light-vehicle sales slowed again in December and remain well below pre-pandemic rates. Inventories rose, and prices fell in November.” ~ Robert Hughes
-
•
Weekly Initial Unemployment Claims Fell, but Risks Linger
“Initial claims fell to a 14-week low, but job cut announcements are trending higher. Elevated consumer price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
When Federal Interest Payments Come to Exceed the Military Budget: Time to Stop Defending the Rest of the World
“The US economy no longer can sustain a policy of endless war. Rising interest rates highlight the dismal state of Uncle Sam’s finances. Fiscal reality, as well as good sense, tells the US to focus on its own security.” ~ Doug Bandow
-
•
Manufacturing-Sector Contracts Again in December
“The latest manufacturing survey suggests broad weakness and falling price pressures for manufacturers. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes
-
•
Private-Sector Job Openings Remain High Despite a Second Consecutive Decline
“Private-sector job openings fell in November but remain high, suggesting an ongoing labor shortage. However, the outlook remains highly uncertain.” ~ Robert Hughes
-
•
Economic Reality Is Far Too Complex to Be Improved By Trade Restrictions
“Unlike market participants guided by prices, politicians and administrators literally have no reliable information to guide them. They will therefore be guided exclusively by their own biases and hunches.” ~ Donald J. Boudreaux
-
•
What Deeper Lessons Can We Learn From Southwest Airlines’ Meltdown?
“The lesson of Southwest Airlines’ debacle is not that it was ‘dumb’ or ‘shortsighted.’ Rather, it should make all of us think more deeply about the opportunity costs and benefits of small, or marginal changes in this efficiency-resiliency tradeoff.” ~ Craig J. Richardson
-
•
A Key Lesson in Education Policy: You Don’t Make Peace with Termites
“As important as issues like taxes and regulations are, their most important (and most difficult) task is to restore control of education to people who actually want to educate.” ~ George Leef