Daily Economy
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We Don’t Need Regulation (or Statist Education)
“At best, costly regulatory and educational bureaucracies fail to protect investors. At worst, they encourage dismisinfoganda and even outright fraud to support radical progressive and collectivist agendas.”~ Robert E. Wright
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Manufacturing-Sector Contracts in November
“The latest manufacturing survey suggests broadening weakness and falling price pressures for manufacturers. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes
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Adam Smith’s Oft-Missed Lesson on Human Imagination
“Lessons around the division of labor that stop with Smith’s description of the multiple human tasks miss his largest lesson: it is the human imagination that is most responsible for ongoing economic growth, not the dividing of manufacturing into separate tasks.” ~ Craig J. Richardson
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Weekly Initial Claims Continue to Trend Higher
“Weekly initial claims fell, but the rising trend in the four-week average and increasing job cut announcements are a warning. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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Taxes, Spending, and Powerball Winnings
“A system that rewards our elected officials for spending today, without regard to the future costs, inevitably leads to one conclusion: ever-growing public debt. The current debt crisis is no mystery.” ~ David Hebert
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Mental Health Is In Crisis. What Is the Answer?
“The first step toward fixing it is not letting it get worse. Given the US government’s track record of harming perhaps those who need our help the most, I think it would be foolish to trust them now.” ~ Raymond J. March
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Private-Sector Job Openings Remain High Despite Falling in October
“Private-sector job openings fell in October but remain high, suggesting continued resilience. However, the outlook remains highly uncertain.” ~ Robert Hughes
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Third Quarter GDP Revised Higher but Pockets of Weakness Persist
“Headline real GDP growth was revised higher in the third quarter, but domestic demand remained weak. Caution is warranted.” ~ Robert Hughes
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There’s No Natural ‘Carrying Capacity’ for the Human Population: An Essay Inspired by the Happy News that the Human Population Has Reached Eight Billion
“We don’t obtain resources from an existing stock created for us by nature, leaving fewer resources available for use tomorrow each time we withdraw some amount for our use today. Instead, resources are ultimately fruits of the human mind and effort.” ~ Donald J. Boudreaux
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Privacy in the Digital Era: Who Controls Private Data?
“To preserve freedom for posterity, liberty minded policy makers should be working to stymie the government’s ability to capture and control data in the digital commons.” ~ Leslie Corbly
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•
We Don’t Need Regulation (or Statist Education)
“At best, costly regulatory and educational bureaucracies fail to protect investors. At worst, they encourage dismisinfoganda and even outright fraud to support radical progressive and collectivist agendas.”~ Robert E. Wright
-
•
Manufacturing-Sector Contracts in November
“The latest manufacturing survey suggests broadening weakness and falling price pressures for manufacturers. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes
-
•
Adam Smith’s Oft-Missed Lesson on Human Imagination
“Lessons around the division of labor that stop with Smith’s description of the multiple human tasks miss his largest lesson: it is the human imagination that is most responsible for ongoing economic growth, not the dividing of manufacturing into separate tasks.” ~ Craig J. Richardson
-
•
Weekly Initial Claims Continue to Trend Higher
“Weekly initial claims fell, but the rising trend in the four-week average and increasing job cut announcements are a warning. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
Taxes, Spending, and Powerball Winnings
“A system that rewards our elected officials for spending today, without regard to the future costs, inevitably leads to one conclusion: ever-growing public debt. The current debt crisis is no mystery.” ~ David Hebert
-
•
Mental Health Is In Crisis. What Is the Answer?
“The first step toward fixing it is not letting it get worse. Given the US government’s track record of harming perhaps those who need our help the most, I think it would be foolish to trust them now.” ~ Raymond J. March
-
•
Private-Sector Job Openings Remain High Despite Falling in October
“Private-sector job openings fell in October but remain high, suggesting continued resilience. However, the outlook remains highly uncertain.” ~ Robert Hughes
-
•
Third Quarter GDP Revised Higher but Pockets of Weakness Persist
“Headline real GDP growth was revised higher in the third quarter, but domestic demand remained weak. Caution is warranted.” ~ Robert Hughes
-
•
There’s No Natural ‘Carrying Capacity’ for the Human Population: An Essay Inspired by the Happy News that the Human Population Has Reached Eight Billion
“We don’t obtain resources from an existing stock created for us by nature, leaving fewer resources available for use tomorrow each time we withdraw some amount for our use today. Instead, resources are ultimately fruits of the human mind and effort.” ~ Donald J. Boudreaux
-
•
Privacy in the Digital Era: Who Controls Private Data?
“To preserve freedom for posterity, liberty minded policy makers should be working to stymie the government’s ability to capture and control data in the digital commons.” ~ Leslie Corbly