Daily Economy
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Unemployment Rate Jumps and Job Gains Slow in August
“Payrolls posted modest gains in August, and unemployment rates rose. Mixed signs for the labor market, sustained price pressures, and an intensifying Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
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Duginism
“Dugin sees this history, and embraces it. Lord Acton taught us, ‘power tends to corrupt, and absolute power corrupts absolutely.’ Dugin says, absolute power is wonderful.” ~ Clifford F. Thies
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Stratification Economics?
“We don’t know the reasons why the economics JEL committee denied Stratification Economics its own niche, but the facts amply justify their decision. The real fault, of course, is the fragmentation of social science that has allowed such problems to arise.” ~ John Staddon
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The Fed’s Tough Year
“The current push to expand the Fed’s mandates is consistent with Shull’s Paradox, which states that the more blunders the Fed makes, the more powers and prestige it gets. But we should be reducing the Fed’s powers and mandates, not increasing them.” ~ Alex J. Pollock
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August Manufacturing-Sector Survey Suggests Slow Growth and Less Intense Price Pressures
“The latest manufacturing survey suggests modest expansion and significantly less-intense price pressures. Persistently elevated price increases and an intensifying Fed policy tightening cycle remain risks to the outlook.” ~ Robert Hughes
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Should We Eliminate the Involuntary Servitude Exception?
“Any change like this costs political capital, and so we should only push for changes that are likely to have real impact, especially since there is so much that needs to be done to achieve meaningful criminal justice reform in the United States.” ~ Chris W. Surprenant
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Which Lasts Longer, Spike Proteins or CDC ‘Facts?’
“The constant churn of revisions leaves us with many questions, when the whole point of producing a page entitled ‘Understanding mRNA COVID-19 Vaccines’ was to prevent such a thing. They are, unfortunately, very big questions.” ~ Jon Sanders
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Why Warner Bros. Sunk Batgirl
“The company likely believes the cost is greater than the benefit. And given the recent track record of DC movies, I don’t doubt they’re right.” ~ Peter Jacobsen
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There Is No Such Thing As Wage-Driven Inflation
“Friedman’s pouncing on Heller has, unfortunately, had no effect on American journalists. News shows and economic commentators still repeat variants of the claim made by Heller: Rising wages will contribute to inflation.” ~ Vincent Geloso
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Then a Miracle Occurs…
“It is inexcusably unscientific for economists (or any one, for that matter) to merely assume that government will perform miracles. But this is exactly what they assume.” ~ Donald J. Boudreaux
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•
Unemployment Rate Jumps and Job Gains Slow in August
“Payrolls posted modest gains in August, and unemployment rates rose. Mixed signs for the labor market, sustained price pressures, and an intensifying Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
-
•
Duginism
“Dugin sees this history, and embraces it. Lord Acton taught us, ‘power tends to corrupt, and absolute power corrupts absolutely.’ Dugin says, absolute power is wonderful.” ~ Clifford F. Thies
-
•
Stratification Economics?
“We don’t know the reasons why the economics JEL committee denied Stratification Economics its own niche, but the facts amply justify their decision. The real fault, of course, is the fragmentation of social science that has allowed such problems to arise.” ~ John Staddon
-
•
The Fed’s Tough Year
“The current push to expand the Fed’s mandates is consistent with Shull’s Paradox, which states that the more blunders the Fed makes, the more powers and prestige it gets. But we should be reducing the Fed’s powers and mandates, not increasing them.” ~ Alex J. Pollock
-
•
August Manufacturing-Sector Survey Suggests Slow Growth and Less Intense Price Pressures
“The latest manufacturing survey suggests modest expansion and significantly less-intense price pressures. Persistently elevated price increases and an intensifying Fed policy tightening cycle remain risks to the outlook.” ~ Robert Hughes
-
•
Should We Eliminate the Involuntary Servitude Exception?
“Any change like this costs political capital, and so we should only push for changes that are likely to have real impact, especially since there is so much that needs to be done to achieve meaningful criminal justice reform in the United States.” ~ Chris W. Surprenant
-
•
Which Lasts Longer, Spike Proteins or CDC ‘Facts?’
“The constant churn of revisions leaves us with many questions, when the whole point of producing a page entitled ‘Understanding mRNA COVID-19 Vaccines’ was to prevent such a thing. They are, unfortunately, very big questions.” ~ Jon Sanders
-
•
Why Warner Bros. Sunk Batgirl
“The company likely believes the cost is greater than the benefit. And given the recent track record of DC movies, I don’t doubt they’re right.” ~ Peter Jacobsen
-
•
There Is No Such Thing As Wage-Driven Inflation
“Friedman’s pouncing on Heller has, unfortunately, had no effect on American journalists. News shows and economic commentators still repeat variants of the claim made by Heller: Rising wages will contribute to inflation.” ~ Vincent Geloso
-
•
Then a Miracle Occurs…
“It is inexcusably unscientific for economists (or any one, for that matter) to merely assume that government will perform miracles. But this is exactly what they assume.” ~ Donald J. Boudreaux