Daily Economy
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No, There Is Not a “Neoliberal” Poltergeist in Higher Ed
“Without meaningful mechanisms to check for wastefulness and accountability, the competition for scarce university budget resources leads to sacrificing educational quality in favor of expanding enrollment.” ~ Phillip W. Magness & Robertas Bakula
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Consumer Sentiment Improved in August but Remains Low
“Consumer sentiment improved in August but remains very low. Inflation expectations eased but uncertainty increased. Caution is warranted.” ~ Robert Hughes
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Risk Analysis for Children’s Health
“Given that the benefits to children from lowering exposure to any of the FDA or EPA chemicals may be negligible to non-existent, we would likely be better off addressing more serious concerns for children.” ~ Richard Williams
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Complexity, Scientism, and Contemporary Politics
“The scientistic attitude encourages policymakers to adopt what Hayek called a ‘pretense of knowledge,’ an overconfident, if not plainly false, belief in their own knowledge and powers of social control.” ~ Scott Scheall
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Revised Real GDP Posts Smaller Decline, Real Private Domestic Demand Increases
“Revised real GDP posted a smaller decline in the second quarter, and real private domestic demand posted a gain. Persistently elevated rates of price increases, Fed tightening, and the war in Ukraine remain risks to the outlook.” ~ Robert Hughes
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Weekly Initial Claims Post Small Drop
“Weekly initial claims fell, suggesting the recent upward trend may be flattening. Rapid price increases, low consumer confidence, and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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Why Political Interference in Big Tech Continues To Be a Big Mistake
“The government’s meddling in social media matters is not only a waste of time and resources for both the public and private spheres, but also a big mistake for promoting the progress of user services and options.” ~ Kimberlee Josephson
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Time for US To Get Tough With Europe: No More Military Welfare for Indolent Defense Dependents
“The United States no longer can afford to defend the world. Washington should announce that it will no longer treat its allies as helpless juveniles, forever doomed to be defense dependents.” ~ Doug Bandow
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Yes, You Need the Liberal Arts
“As Madison wrote, ‘What spectacle can be more edifying or more seasonable, than that of Liberty & Learning, each leaning on the other for their mutual & surest support?’” ~ John Agresto
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Blame the Federal Diabetic Assault
“History is full of politicians claiming ‘market failure,’ and offering pet policies as solutions, when they are really government failures created by previous pet policies, because the results are reflected in changed market behavior.” ~ Gary M. Galles
-
•
No, There Is Not a “Neoliberal” Poltergeist in Higher Ed
“Without meaningful mechanisms to check for wastefulness and accountability, the competition for scarce university budget resources leads to sacrificing educational quality in favor of expanding enrollment.” ~ Phillip W. Magness & Robertas Bakula
-
•
Consumer Sentiment Improved in August but Remains Low
“Consumer sentiment improved in August but remains very low. Inflation expectations eased but uncertainty increased. Caution is warranted.” ~ Robert Hughes
-
•
Risk Analysis for Children’s Health
“Given that the benefits to children from lowering exposure to any of the FDA or EPA chemicals may be negligible to non-existent, we would likely be better off addressing more serious concerns for children.” ~ Richard Williams
-
•
Complexity, Scientism, and Contemporary Politics
“The scientistic attitude encourages policymakers to adopt what Hayek called a ‘pretense of knowledge,’ an overconfident, if not plainly false, belief in their own knowledge and powers of social control.” ~ Scott Scheall
-
•
Revised Real GDP Posts Smaller Decline, Real Private Domestic Demand Increases
“Revised real GDP posted a smaller decline in the second quarter, and real private domestic demand posted a gain. Persistently elevated rates of price increases, Fed tightening, and the war in Ukraine remain risks to the outlook.” ~ Robert Hughes
-
•
Weekly Initial Claims Post Small Drop
“Weekly initial claims fell, suggesting the recent upward trend may be flattening. Rapid price increases, low consumer confidence, and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
-
•
Why Political Interference in Big Tech Continues To Be a Big Mistake
“The government’s meddling in social media matters is not only a waste of time and resources for both the public and private spheres, but also a big mistake for promoting the progress of user services and options.” ~ Kimberlee Josephson
-
•
Time for US To Get Tough With Europe: No More Military Welfare for Indolent Defense Dependents
“The United States no longer can afford to defend the world. Washington should announce that it will no longer treat its allies as helpless juveniles, forever doomed to be defense dependents.” ~ Doug Bandow
-
•
Yes, You Need the Liberal Arts
“As Madison wrote, ‘What spectacle can be more edifying or more seasonable, than that of Liberty & Learning, each leaning on the other for their mutual & surest support?’” ~ John Agresto
-
•
Blame the Federal Diabetic Assault
“History is full of politicians claiming ‘market failure,’ and offering pet policies as solutions, when they are really government failures created by previous pet policies, because the results are reflected in changed market behavior.” ~ Gary M. Galles