Daily Economy
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Risky Business: A Review
“Risky Business will appeal to readers more interested in selection markets than in real-world insurance products, and to people with a high tolerance for ahistorical assumptions about the need for detailed insurance regulation and other government market interventions.” ~ Robert E. Wright
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Existing Home Sales Continue to Plunge
“Existing-home sales fell again in November as reduced affordability pushes buyers out of the market. The outlook for housing remains unfavorable.” ~ Robert Hughes
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Consumer Confidence Rose and Inflation Expectations Fell in December
“Consumer confidence rebounded in December, but consumer expectations remain at recessionary levels. An aggressive Fed tightening cycle, elevated price pressures, and the fallout from the Russian war in Ukraine remain risks for the economic outlook.” ~ Robert Hughes
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Progressives Love Suppressing Votes–But Not the Way You Think
“Suppressing people’s votes in the marketplace for the benefit of those who think themselves entitled to a comfortable life at another’s expense, or for those who really know what is good for other people, does not help the suppressed voters.” ~ Art Carden
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Climate Conferences Fail on Deforestation
“No matter what virtue-signalers claim, we would be shooting ourselves in the foot by trying to mitigate the effects of industry on the environment by reversing technological advancement.” ~ Jason Reed
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Not Enough Pizza
“It’s hard not to be sad about the passing of old, personalistic cultural tropes. But entrepreneurs exploiting microphone technologies on digital platforms are going to wipe out most of them. And it’s just as well, because we could never make that much pizza.” ~ Michael C. Munger
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New Home Construction Outlook Remains Weak
“New housing permits fell again in November as low affordability suppresses demand. Very low homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
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Adam Smith on Humanity’s Greatest Weakness
“Worse than simply refusing to see our self-deceit, we feel morally justified in transgressing against others. Smith was right, self-deceit is responsible for much of the suffering of humanity.” ~ Barry Brownstein
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America’s at a Crossroads: Liberty or State Control? | Samuel Gregg & Kate Wand (Video)
“In this episode of Liberty Curious, Kate Wand sat down with Samuel Gregg, Distinguished Fellow in Political Economy and Senior Research Faculty at the American Institute for Economic Research, to discuss how to repair what’s broken with the American economy.” ~ AIER
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Green Energy is the Modern “Broken Window”
“If my choices are to have wealth but no job, or to have a job but no wealth, I’d rather have the wealth. But we don’t have to choose: we can have both wealth and jobs, if we don’t go around breaking all the darned windows.” ~ Michael C. Munger
-
•
Risky Business: A Review
“Risky Business will appeal to readers more interested in selection markets than in real-world insurance products, and to people with a high tolerance for ahistorical assumptions about the need for detailed insurance regulation and other government market interventions.” ~ Robert E. Wright
-
•
Existing Home Sales Continue to Plunge
“Existing-home sales fell again in November as reduced affordability pushes buyers out of the market. The outlook for housing remains unfavorable.” ~ Robert Hughes
-
•
Consumer Confidence Rose and Inflation Expectations Fell in December
“Consumer confidence rebounded in December, but consumer expectations remain at recessionary levels. An aggressive Fed tightening cycle, elevated price pressures, and the fallout from the Russian war in Ukraine remain risks for the economic outlook.” ~ Robert Hughes
-
•
Progressives Love Suppressing Votes–But Not the Way You Think
“Suppressing people’s votes in the marketplace for the benefit of those who think themselves entitled to a comfortable life at another’s expense, or for those who really know what is good for other people, does not help the suppressed voters.” ~ Art Carden
-
•
Climate Conferences Fail on Deforestation
“No matter what virtue-signalers claim, we would be shooting ourselves in the foot by trying to mitigate the effects of industry on the environment by reversing technological advancement.” ~ Jason Reed
-
•
Not Enough Pizza
“It’s hard not to be sad about the passing of old, personalistic cultural tropes. But entrepreneurs exploiting microphone technologies on digital platforms are going to wipe out most of them. And it’s just as well, because we could never make that much pizza.” ~ Michael C. Munger
-
•
New Home Construction Outlook Remains Weak
“New housing permits fell again in November as low affordability suppresses demand. Very low homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
-
•
Adam Smith on Humanity’s Greatest Weakness
“Worse than simply refusing to see our self-deceit, we feel morally justified in transgressing against others. Smith was right, self-deceit is responsible for much of the suffering of humanity.” ~ Barry Brownstein
-
•
America’s at a Crossroads: Liberty or State Control? | Samuel Gregg & Kate Wand (Video)
“In this episode of Liberty Curious, Kate Wand sat down with Samuel Gregg, Distinguished Fellow in Political Economy and Senior Research Faculty at the American Institute for Economic Research, to discuss how to repair what’s broken with the American economy.” ~ AIER
-
•
Green Energy is the Modern “Broken Window”
“If my choices are to have wealth but no job, or to have a job but no wealth, I’d rather have the wealth. But we don’t have to choose: we can have both wealth and jobs, if we don’t go around breaking all the darned windows.” ~ Michael C. Munger