Daily Economy
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A Constitutionalist Shift
“Over the past century and a half, the federal government has quietly morphed from a government based on a constitution to a government based on a constitutional tradition.” ~ James R. Harrigan & Antony Davies
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America’s Other Constitution
“Americans must strenuously reassert their natural right to be left to do as they wish unless their behaviors demonstrably injure other Americans. Even then they should be allowed to pursue voluntary solutions before governments may constitutionally intercede.” ~ Robert E. Wright
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Consumer Inflation Expectations Fell and Sentiment Edged Higher in Early September
“Consumer sentiment edged higher in early September but remains at recessionary levels. Inflation expectations fell to a 12-month low, but consumer uncertainty about the economy rose.” ~ Robert Hughes
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Jubilee and Student Loan Forgiveness
“Today, we have modern governments, which have significantly more power to tinker with economic incentives, monitoring and enforcing policies that ostensibly benefit the commonweal.” ~ Michael D. Thomas and Anthony Gill
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Industrial Output Fell, but Manufacturing Output Rose Slightly in August
“Manufacturing output rose slightly in August. However, elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
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Real Core Retail Sales Fell in August, Trend Growth Is Weak
“Real core retail sales fell in August, and the recent trend growth is weak. Threats to the economy remain significant, and risks remain elevated. Caution is warranted.” ~ Robert Hughes
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New Jersey Bag Ban
“When we allow the power of the state to descend into the most basic elements of day-to-day life, such as what kind of container a business can transport its products in, we see the ‘fatal conceit’ manifest in the most unfortunate and counterproductive ways.” ~ Paul Schwennesen
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Initial Claims Fall for the Fifth Consecutive Week
“Weekly initial claims fell for a fifth consecutive week suggesting the labor market remains solid. Rapid price increases, low consumer confidence, and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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Corporate Wokeness Hurts the Groups It Purports to Help
“Corporate wokeness enriches the already rich and, inadvertently, burdens those who struggle the most. It’s bad. And things won’t improve until people ‘awaken’ to its harmful consequences.” ~ Allen Mendenhall
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All for Nothing
“Kempowski helps us realize that progress will go retrograde when people adopt illiberal beliefs. Will blinding fear and false faith set the course for the next era of American history? Has the suffering during the pandemic been all for nothing?” ~ Barry Brownstein
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•
A Constitutionalist Shift
“Over the past century and a half, the federal government has quietly morphed from a government based on a constitution to a government based on a constitutional tradition.” ~ James R. Harrigan & Antony Davies
-
•
America’s Other Constitution
“Americans must strenuously reassert their natural right to be left to do as they wish unless their behaviors demonstrably injure other Americans. Even then they should be allowed to pursue voluntary solutions before governments may constitutionally intercede.” ~ Robert E. Wright
-
•
Consumer Inflation Expectations Fell and Sentiment Edged Higher in Early September
“Consumer sentiment edged higher in early September but remains at recessionary levels. Inflation expectations fell to a 12-month low, but consumer uncertainty about the economy rose.” ~ Robert Hughes
-
•
Jubilee and Student Loan Forgiveness
“Today, we have modern governments, which have significantly more power to tinker with economic incentives, monitoring and enforcing policies that ostensibly benefit the commonweal.” ~ Michael D. Thomas and Anthony Gill
-
•
Industrial Output Fell, but Manufacturing Output Rose Slightly in August
“Manufacturing output rose slightly in August. However, elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
-
•
Real Core Retail Sales Fell in August, Trend Growth Is Weak
“Real core retail sales fell in August, and the recent trend growth is weak. Threats to the economy remain significant, and risks remain elevated. Caution is warranted.” ~ Robert Hughes
-
•
New Jersey Bag Ban
“When we allow the power of the state to descend into the most basic elements of day-to-day life, such as what kind of container a business can transport its products in, we see the ‘fatal conceit’ manifest in the most unfortunate and counterproductive ways.” ~ Paul Schwennesen
-
•
Initial Claims Fall for the Fifth Consecutive Week
“Weekly initial claims fell for a fifth consecutive week suggesting the labor market remains solid. Rapid price increases, low consumer confidence, and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
Corporate Wokeness Hurts the Groups It Purports to Help
“Corporate wokeness enriches the already rich and, inadvertently, burdens those who struggle the most. It’s bad. And things won’t improve until people ‘awaken’ to its harmful consequences.” ~ Allen Mendenhall
-
•
All for Nothing
“Kempowski helps us realize that progress will go retrograde when people adopt illiberal beliefs. Will blinding fear and false faith set the course for the next era of American history? Has the suffering during the pandemic been all for nothing?” ~ Barry Brownstein