Daily Economy
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Hannah Arendt’s Chilling Thesis on Evil
“As Arendt explained, ‘Going along with the rest and wanting to say ‘we’ were quite enough to make the greatest of all crimes possible.'” ~ Lawrence W. Reed
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Big Upside Surprise for the July Jobs Report
“Payrolls posted a strong gain in July, though other labor market indicators are still questionable. Sustained price pressures, an intensifying Fed tightening cycle, and ongoing fallout from the Russian invasion of Ukraine are significant risks for the economy.” ~ Robert Hughes
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Compassion Compromised by Contradictions
“Advocates for minimum wages and rent controls justify both as compassionate. But they ignore both logic and the far from compassionate violations of employers’ and landlords’ property rights imposed.” ~ Gary M. Galles
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It Doesn’t Get Much Worse Than ‘Build Back Better’
“Americans should be alarmed. The bill has the potential to handcuff innovation in one of the most critical and successful sectors of the American economy.” ~ Peter J. Pitts
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The Lottery Life: Creating Lucky Housing Winners at the Expense of Everyone Else
“Inexpensive new housing can be built again if only the government will get out of the way. End the ‘Lottery Life’ in housing and watch market entrepreneurs do the rest.” ~ Raymond C. Niles
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Facebook Fact-Checks Recession Analysis | Phillip Magness on Fox News (Video)
“Phillip Magness, Research and Education Director at AIER, discusses the censorship tactics enacted against him after he shared a post regarding the White House’s attempts to redefine ‘recession.'” ~ AIER
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Weekly Initial Claims Increase for the Fourth Time in the Last Five Weeks
“Weekly initial claims rose again, continuing the recent upward trend. Sustained elevated rates of price increases, aggressive Fed tightening, and a softening labor market are major risks for the economic outlook.” ~ Robert Hughes
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Redefining Recession: The White House Goes Orwellian (Video)
“Kate Wand, host of AIER’s Liberty Curious podcast, explores the implications of redefining the meaning of words in a post-truth society, using Magness’ essay on the White House attempt at redefining the term recession.” ~ AIER
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Services-Sector Activity Picks Up in July
“Services-sector expansion continued in July. Ongoing labor and materials shortages and intense price pressures are still concerns, as are emerging signs of softening demand and a weakening economy.” ~ Robert Hughes
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•
Unit Auto Sales Rose for a Second Consecutive Month but Remain Weak
“Light-vehicle sales rose again in July but remain well below pre-pandemic ranges. Inventory shows signs of stabilization recently, but prices continued to rise.” ~ Robert Hughes
-
•
Hannah Arendt’s Chilling Thesis on Evil
“As Arendt explained, ‘Going along with the rest and wanting to say ‘we’ were quite enough to make the greatest of all crimes possible.'” ~ Lawrence W. Reed
-
•
Big Upside Surprise for the July Jobs Report
“Payrolls posted a strong gain in July, though other labor market indicators are still questionable. Sustained price pressures, an intensifying Fed tightening cycle, and ongoing fallout from the Russian invasion of Ukraine are significant risks for the economy.” ~ Robert Hughes
-
•
Compassion Compromised by Contradictions
“Advocates for minimum wages and rent controls justify both as compassionate. But they ignore both logic and the far from compassionate violations of employers’ and landlords’ property rights imposed.” ~ Gary M. Galles
-
•
It Doesn’t Get Much Worse Than ‘Build Back Better’
“Americans should be alarmed. The bill has the potential to handcuff innovation in one of the most critical and successful sectors of the American economy.” ~ Peter J. Pitts
-
•
The Lottery Life: Creating Lucky Housing Winners at the Expense of Everyone Else
“Inexpensive new housing can be built again if only the government will get out of the way. End the ‘Lottery Life’ in housing and watch market entrepreneurs do the rest.” ~ Raymond C. Niles
-
•
Facebook Fact-Checks Recession Analysis | Phillip Magness on Fox News (Video)
“Phillip Magness, Research and Education Director at AIER, discusses the censorship tactics enacted against him after he shared a post regarding the White House’s attempts to redefine ‘recession.'” ~ AIER
-
•
Weekly Initial Claims Increase for the Fourth Time in the Last Five Weeks
“Weekly initial claims rose again, continuing the recent upward trend. Sustained elevated rates of price increases, aggressive Fed tightening, and a softening labor market are major risks for the economic outlook.” ~ Robert Hughes
-
•
Redefining Recession: The White House Goes Orwellian (Video)
“Kate Wand, host of AIER’s Liberty Curious podcast, explores the implications of redefining the meaning of words in a post-truth society, using Magness’ essay on the White House attempt at redefining the term recession.” ~ AIER
-
•
Services-Sector Activity Picks Up in July
“Services-sector expansion continued in July. Ongoing labor and materials shortages and intense price pressures are still concerns, as are emerging signs of softening demand and a weakening economy.” ~ Robert Hughes
-
•
Unit Auto Sales Rose for a Second Consecutive Month but Remain Weak
“Light-vehicle sales rose again in July but remain well below pre-pandemic ranges. Inventory shows signs of stabilization recently, but prices continued to rise.” ~ Robert Hughes