Daily Economy
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New Home Sales Rose in October, But the Outlook Remains Cautious
“New-home sales rose in October, but so did prices and inventory. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
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Nominal Durable-Goods Orders Posted a Strong, Broad-based Gain in October
“Durable-goods orders rose in October though growth in real durable-goods orders remains modest.” ~ Robert Hughes
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The Wages of Washington’s Economic War on China Are Not Cheap
“To make up lost revenue, the US industry may become more dependent on government largesse and ultimately less vibrant and dominating. Ultimately, making policy more like China risks turning US industry into something more like China’s.” ~ Doug Bandow
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Bob Chapek, Patient Zero in the Shareholder Backlash Against Wokentainment?
“The firing of Disney CEO Bob Chapek is the first major backlash against years of wasteful, stakeholder-driven management. Hopefully, this is the first of many more such battles between woke corporate managers and shareholders.” ~ Peter C. Earle
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Time to Rethink University Accreditation
“Even though some accreditors might be better than others, there is no reason to keep any of them as gatekeepers for student aid.” ~ George Leef
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Poverty’s End?
“Poverty in the United States is not extreme poverty, not by a long shot. And extreme poverty in the rest of the world is vanishing, bit by bit, day by day. And for that, we have economic freedom to thank.” ~ Antony Davies & James R. Harrigan
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Industrial Policy Returns, Prior Pratfalls Notwithstanding
“Letting politicians pick winners is the surest recipe for shafting consumers and every unsubsidized business. Unfortunately, there will always be enough pundits who failed Econ 101 to whoop up every boneheaded intervention.” ~ James Bovard
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Seattle’s Dick’s Drive-In Mocks Left and Right Pandering About the Minimum Wage
“As Dick’s reminds us, businesses don’t require a law. Eager to win the services of good and willing workers, the wages they’ll offer well exceed the promises of politicians who have nothing to offer other than force.” ~ John Tamny
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To Temper the Effects of Monetary Restraint, We Need Pro-Growth Fiscal Policy
“To temper the effects of monetary tightening, avoid a prolonged recession, and ultimately ignite economic prosperity, we need an executive and Congress willing to pursue pro-growth fiscal policy. ” ~ Kat Dwyer
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Perfect Failure in Pursuit of Perfect Competition
“The DMA is but another of Europe’s self-inflicted regulatory wounds. Sadly, it will also affect the ability of giants of Silicon Valley to continue delivering progress in the US and across the globe.” ~ Robertas Bakula
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•
New Home Sales Rose in October, But the Outlook Remains Cautious
“New-home sales rose in October, but so did prices and inventory. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
-
•
Nominal Durable-Goods Orders Posted a Strong, Broad-based Gain in October
“Durable-goods orders rose in October though growth in real durable-goods orders remains modest.” ~ Robert Hughes
-
•
The Wages of Washington’s Economic War on China Are Not Cheap
“To make up lost revenue, the US industry may become more dependent on government largesse and ultimately less vibrant and dominating. Ultimately, making policy more like China risks turning US industry into something more like China’s.” ~ Doug Bandow
-
•
Bob Chapek, Patient Zero in the Shareholder Backlash Against Wokentainment?
“The firing of Disney CEO Bob Chapek is the first major backlash against years of wasteful, stakeholder-driven management. Hopefully, this is the first of many more such battles between woke corporate managers and shareholders.” ~ Peter C. Earle
-
•
Time to Rethink University Accreditation
“Even though some accreditors might be better than others, there is no reason to keep any of them as gatekeepers for student aid.” ~ George Leef
-
•
Poverty’s End?
“Poverty in the United States is not extreme poverty, not by a long shot. And extreme poverty in the rest of the world is vanishing, bit by bit, day by day. And for that, we have economic freedom to thank.” ~ Antony Davies & James R. Harrigan
-
•
Industrial Policy Returns, Prior Pratfalls Notwithstanding
“Letting politicians pick winners is the surest recipe for shafting consumers and every unsubsidized business. Unfortunately, there will always be enough pundits who failed Econ 101 to whoop up every boneheaded intervention.” ~ James Bovard
-
•
Seattle’s Dick’s Drive-In Mocks Left and Right Pandering About the Minimum Wage
“As Dick’s reminds us, businesses don’t require a law. Eager to win the services of good and willing workers, the wages they’ll offer well exceed the promises of politicians who have nothing to offer other than force.” ~ John Tamny
-
•
To Temper the Effects of Monetary Restraint, We Need Pro-Growth Fiscal Policy
“To temper the effects of monetary tightening, avoid a prolonged recession, and ultimately ignite economic prosperity, we need an executive and Congress willing to pursue pro-growth fiscal policy. ” ~ Kat Dwyer
-
•
Perfect Failure in Pursuit of Perfect Competition
“The DMA is but another of Europe’s self-inflicted regulatory wounds. Sadly, it will also affect the ability of giants of Silicon Valley to continue delivering progress in the US and across the globe.” ~ Robertas Bakula