Daily Economy
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Solid Third Quarter GDP Number Masks Pockets of Weakness
“Real GDP growth rebounded in the third quarter, but pockets of weakness are significant. Caution is warranted.” ~ Robert Hughes
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Liberalism, True and False
“There was an underlying humility in the older classical liberalism that assumed that each person could better find his own way than to presume that political paternalists could make better decisions for them.” ~ Richard M. Ebeling
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New Single-Family Home Sales Fell in September
“New-home sales fell in September, and inventories rose again. Elevated prices and surging mortgage rates reduce affordability and are likely to weaken future demand.” ~ Robert Hughes
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The China Challenge: What’s a Real Liberal To Do?
“Americans must defend a free society at home and preserve a liberal peace abroad. They may be the only people able to do both.” ~ Doug Bandow
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As Meta Searches For the Future, Lina Khan Aims to Suffocate It
“Whatever Meta discovers through its intrepid search for tomorrow, we’ll all be smarter for it having ventured a vision unlike the present. Too bad Lina Khan is so eager to blind us to the essential knowledge Meta is trying to create.” ~ John Tamny
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Fact Checking the President on Global Inflation
“An administration which was evidently so troubled by ‘misinformation’ would more profitably target it not by establishing a ministry, but by looking in a mirror.” ~ Peter C. Earle
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Consumer Confidence Fell in October
“Consumer confidence fell in October as inflation expectations ticked up slightly. 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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Fake Science Fuels Climate Extremism
“Following the habits of good science is a good idea, but following the dictates of people who call themselves scientists is not the same thing. Climate change might be real, but there are good reasons to reject calls for draconian policies that fail cost-benefit tests.” ~ David Barker
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Don’t Let the FDA Tell You What’s Healthy
“Determining what is healthy or unhealthy is complex. Complex problems rarely have entirely right or wrong answers. The FDA is trying (again) to provide this, but there is a slim chance it will succeed.” ~ Raymond J. March
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Proposition 12, the Constitution, and Good Government
“Proposition 12 not only oversteps California’s regulatory powers under the U.S. Constitution, it also violates the political principle that those who will be forced to abide by laws should have a voice in them.” ~ Gary M. Galles
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•
Solid Third Quarter GDP Number Masks Pockets of Weakness
“Real GDP growth rebounded in the third quarter, but pockets of weakness are significant. Caution is warranted.” ~ Robert Hughes
-
•
Liberalism, True and False
“There was an underlying humility in the older classical liberalism that assumed that each person could better find his own way than to presume that political paternalists could make better decisions for them.” ~ Richard M. Ebeling
-
•
New Single-Family Home Sales Fell in September
“New-home sales fell in September, and inventories rose again. Elevated prices and surging mortgage rates reduce affordability and are likely to weaken future demand.” ~ Robert Hughes
-
•
The China Challenge: What’s a Real Liberal To Do?
“Americans must defend a free society at home and preserve a liberal peace abroad. They may be the only people able to do both.” ~ Doug Bandow
-
•
As Meta Searches For the Future, Lina Khan Aims to Suffocate It
“Whatever Meta discovers through its intrepid search for tomorrow, we’ll all be smarter for it having ventured a vision unlike the present. Too bad Lina Khan is so eager to blind us to the essential knowledge Meta is trying to create.” ~ John Tamny
-
•
Fact Checking the President on Global Inflation
“An administration which was evidently so troubled by ‘misinformation’ would more profitably target it not by establishing a ministry, but by looking in a mirror.” ~ Peter C. Earle
-
•
Consumer Confidence Fell in October
“Consumer confidence fell in October as inflation expectations ticked up slightly. 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
-
•
Fake Science Fuels Climate Extremism
“Following the habits of good science is a good idea, but following the dictates of people who call themselves scientists is not the same thing. Climate change might be real, but there are good reasons to reject calls for draconian policies that fail cost-benefit tests.” ~ David Barker
-
•
Don’t Let the FDA Tell You What’s Healthy
“Determining what is healthy or unhealthy is complex. Complex problems rarely have entirely right or wrong answers. The FDA is trying (again) to provide this, but there is a slim chance it will succeed.” ~ Raymond J. March
-
•
Proposition 12, the Constitution, and Good Government
“Proposition 12 not only oversteps California’s regulatory powers under the U.S. Constitution, it also violates the political principle that those who will be forced to abide by laws should have a voice in them.” ~ Gary M. Galles