Daily Economy
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Consumer Sentiment Remained Weak in September
“Consumer sentiment was essentially unchanged in September and remains at recessionary levels. Inflation expectations fell to a 12-month low, but consumer uncertainty about the outlook remains elevated.” ~ Robert Hughes
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To Defend Liberty, Cultivate Your Inner Freedom
“Most will never appreciate liberty until it is lost. Do we value liberty? Are we willing to examine and shed faulty habits of mind? Until we do, as Montaigne put it, ‘No wind makes for him who has no destined port.'” ~ Barry Brownstein
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“Climate-Smart” Agriculture Incentives — Not-So-Smart Results
“Scientists can’t even measure the climate-efficacy of the program, yet everyone is agreeing to go along with it because it feels about right—especially, no doubt, within the departments that are getting bigger budgets and amongst the farmers they are paying to sustain a bucolic lifestyle.” ~ Paul Schwennesen
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Smith to Entrepreneurs: Go Forth With Prudence
“We find in Smith both condemnation of imprudent projectors and endorsement of prudent entrepreneurs. Although projectors occasionally turn a profit, it comes at the risk of squandering resources and missing out on more sober opportunities.” ~ Kacey Reeves West
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Labor Market Remains Tight as Initial Claims Fall Again
“Declining weekly initial claims suggest the labor market remains solid. However, persistently elevated rates of price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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Made to be Broken?
“Understanding just how and when institutions matter requires an appreciation for imperfections in governance, the socially constructed nature of rules, and the unique knowledge and motivations of entrepreneurial actors.” ~ Caleb S. Fuller
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Energy Crisis Explained: EU Mandates to “Flatten the Curve” (Video)
“Europe and other Western nations are facing a very real energy crisis right now. In this video, Kate Wand explains the energy crisis in Europe and the collectivist nature of the West’s war on climate change.” ~ AIER
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British Universities Show Why “More” Does Not Mean “Better”
“With state subsidies and state-backed loans, students are not paying the true cost of their educations. The system lacks the discerning customers (students) needed to ensure that the suppliers (universities) deliver a quality product.” ~ Douglas Carswell
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Is The Fed Trying To Inflate Away US Debt?
“The ease with which the concept is expressed, as if debt were an ice cube left on a driveway on a summer day, betrays the numerous costs associated with such a scheme. And that holds whether the undertaking is intentional or not.” ~ Peter C. Earle
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Interest Rates and Fed Tightening
“While interest rates can sometimes be useful as a policy barometer, the various monetary measures (from the monetary base at narrowest to total nominal expenditures at broadest) matter far more.” ~ Alexander William Salter
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•
Consumer Sentiment Remained Weak in September
“Consumer sentiment was essentially unchanged in September and remains at recessionary levels. Inflation expectations fell to a 12-month low, but consumer uncertainty about the outlook remains elevated.” ~ Robert Hughes
-
•
To Defend Liberty, Cultivate Your Inner Freedom
“Most will never appreciate liberty until it is lost. Do we value liberty? Are we willing to examine and shed faulty habits of mind? Until we do, as Montaigne put it, ‘No wind makes for him who has no destined port.'” ~ Barry Brownstein
-
•
“Climate-Smart” Agriculture Incentives — Not-So-Smart Results
“Scientists can’t even measure the climate-efficacy of the program, yet everyone is agreeing to go along with it because it feels about right—especially, no doubt, within the departments that are getting bigger budgets and amongst the farmers they are paying to sustain a bucolic lifestyle.” ~ Paul Schwennesen
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•
Smith to Entrepreneurs: Go Forth With Prudence
“We find in Smith both condemnation of imprudent projectors and endorsement of prudent entrepreneurs. Although projectors occasionally turn a profit, it comes at the risk of squandering resources and missing out on more sober opportunities.” ~ Kacey Reeves West
-
•
Labor Market Remains Tight as Initial Claims Fall Again
“Declining weekly initial claims suggest the labor market remains solid. However, persistently elevated rates of price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
Made to be Broken?
“Understanding just how and when institutions matter requires an appreciation for imperfections in governance, the socially constructed nature of rules, and the unique knowledge and motivations of entrepreneurial actors.” ~ Caleb S. Fuller
-
•
Energy Crisis Explained: EU Mandates to “Flatten the Curve” (Video)
“Europe and other Western nations are facing a very real energy crisis right now. In this video, Kate Wand explains the energy crisis in Europe and the collectivist nature of the West’s war on climate change.” ~ AIER
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•
British Universities Show Why “More” Does Not Mean “Better”
“With state subsidies and state-backed loans, students are not paying the true cost of their educations. The system lacks the discerning customers (students) needed to ensure that the suppliers (universities) deliver a quality product.” ~ Douglas Carswell
-
•
Is The Fed Trying To Inflate Away US Debt?
“The ease with which the concept is expressed, as if debt were an ice cube left on a driveway on a summer day, betrays the numerous costs associated with such a scheme. And that holds whether the undertaking is intentional or not.” ~ Peter C. Earle
-
•
Interest Rates and Fed Tightening
“While interest rates can sometimes be useful as a policy barometer, the various monetary measures (from the monetary base at narrowest to total nominal expenditures at broadest) matter far more.” ~ Alexander William Salter