Daily Economy
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Stanford Fails to Master Clear Thinking
“Ironically, it should be Stanford itself that helps less-enlightened organizations master the techniques of clear thinking that were at least partly developed at that great university.” ~ David R. Henderson & Charles L. Hooper
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Holidays of Luxury
“Market economies fuel incredible prosperity and the holidays provide useful examples of how we are better off today than a few decades ago. Consider the Christmas gifts and decor of years past, once deemed luxuries, now everyday goods.” ~ Laura Williams & David Waugh
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The Twitter Files and FDR’s Blue Eagle
“Almost 90 years ago, for example, the US government used a different blue bird, The Blue Eagle, to coerce company compliance with the worst type of disinformation of all: that related to prices.” ~ Robert E. Wright
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Consumer Inflation Expectations Fell Sharply in December
“Consumer sentiment improved in December but remains at recessionary levels. Inflation expectations fell sharply, and long-run expectations remain well anchored.” ~ Robert Hughes
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New Home Sales Rose Again in November, But the Outlook Remains Cautious
“New-home sales rose in November but remain below its long-term average. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
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Durable-Goods Orders Declined in November
“Durable-goods orders fell in November while growth in real durable-goods orders and real core capital goods orders remains modest.” ~ Robert Hughes
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What if New Coke Had Been a Government Program?
“Would our lives be better were land, labor, and capital still tied up making New Coke and Crystal Pepsi? People have voted pretty overwhelmingly and answered ‘no.'” ~ Art Carden
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The Greatest Threat to World Peace: North Korea’s Kim Jong-un?
“The best way to enhance America’s security is for its defense-dependents to graduate and take care of themselves and their own regions. With the US off the peninsula, Pyongyang wouldn’t much care about affairs in Washington.” ~ Doug Bandow
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Consumer Services Push Revised Third Quarter GDP Higher
“Headline real GDP growth was revised higher in the third quarter, but domestic demand growth remained soft. Caution is warranted.” ~ Robert Hughes
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On the Need to Theorize Carefully
“Theorizing usefully about trade and other economic phenomena isn’t especially difficult, but doing so does indeed require care, wisdom, and humility.” ~ Donald J. Boudreaux
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Stanford Fails to Master Clear Thinking
“Ironically, it should be Stanford itself that helps less-enlightened organizations master the techniques of clear thinking that were at least partly developed at that great university.” ~ David R. Henderson & Charles L. Hooper
-
•
Holidays of Luxury
“Market economies fuel incredible prosperity and the holidays provide useful examples of how we are better off today than a few decades ago. Consider the Christmas gifts and decor of years past, once deemed luxuries, now everyday goods.” ~ Laura Williams & David Waugh
-
•
The Twitter Files and FDR’s Blue Eagle
“Almost 90 years ago, for example, the US government used a different blue bird, The Blue Eagle, to coerce company compliance with the worst type of disinformation of all: that related to prices.” ~ Robert E. Wright
-
•
Consumer Inflation Expectations Fell Sharply in December
“Consumer sentiment improved in December but remains at recessionary levels. Inflation expectations fell sharply, and long-run expectations remain well anchored.” ~ Robert Hughes
-
•
New Home Sales Rose Again in November, But the Outlook Remains Cautious
“New-home sales rose in November but remain below its long-term average. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
-
•
Durable-Goods Orders Declined in November
“Durable-goods orders fell in November while growth in real durable-goods orders and real core capital goods orders remains modest.” ~ Robert Hughes
-
•
What if New Coke Had Been a Government Program?
“Would our lives be better were land, labor, and capital still tied up making New Coke and Crystal Pepsi? People have voted pretty overwhelmingly and answered ‘no.'” ~ Art Carden
-
•
The Greatest Threat to World Peace: North Korea’s Kim Jong-un?
“The best way to enhance America’s security is for its defense-dependents to graduate and take care of themselves and their own regions. With the US off the peninsula, Pyongyang wouldn’t much care about affairs in Washington.” ~ Doug Bandow
-
•
Consumer Services Push Revised Third Quarter GDP Higher
“Headline real GDP growth was revised higher in the third quarter, but domestic demand growth remained soft. Caution is warranted.” ~ Robert Hughes
-
•
On the Need to Theorize Carefully
“Theorizing usefully about trade and other economic phenomena isn’t especially difficult, but doing so does indeed require care, wisdom, and humility.” ~ Donald J. Boudreaux