Daily Economy
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Consumer Sentiment Remained Near Record Lows in Late July
“Consumer sentiment ticked up in July but remains near record lows and consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes
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Would You Abdicate If You Could Be the Dictator?
“Our fellow Americans need to be reasoned with to better understand that we should not only not want a dictatorship imposed from outside but we should also not want a domestic dictatorship, even when democratically elected, to paternalistically ‘get things done.'” ~ Richard M. Ebeling
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The Recession is Here. Will Stagflation Follow?
“An ugly picture is coming into focus: rising inflation, slowing growth, and a job market that looks poised to deteriorate. Bearing in mind the lag associated with employment, it is no longer unthinkable that stagflation may be ahead.” ~ Peter C. Earle
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The FDA Is Funding and Approving Cigarettes
“Prohibiting vapes while increasing the number of reduced nicotine combustible cigarettes is as counterproductive as it is political. It doesn’t need to be.” ~ Mazen Saleh
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The Strange Definition of Recession Is the Best We Have
“The reality is that the reason many use the flawed rule is because all other alternatives seem to be worse. As such, politicians and pundits who try to downplay talks of a recession by mentioning the flawed rule may be politically, and not economically inclined.” ~ Vincent Geloso
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ESGs: Social Credit for Corporations? | Liberty Curious (Video)
“Robert Wright and Kate Wand discuss Environmental, Social, and Governance (ESG) initiatives and how they distort markets by directing companies to focus on Woke objectives rather than profits.” ~ AIER
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Entry Barriers: A Personal Disappreciation
“What I know, though, without any sophisticated econometrics, is that my own encounter with indirect grants of special privilege is not one I wish to repeat any time soon—or ever.” ~ Caleb S. Fuller
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Rising Prices Boost Durable-goods Orders in June
“Manufacturers’ new orders rose again in June, but much of it is from price increases. Rising prices, Fed policy tightening, and global turmoil are sustaining elevated risks.” ~ Robert Hughes
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Weekly Initial Claims Continue to Trend Higher
“Weekly initial claims fell, but the trend remains upward. Sustained elevated rates of price increases, Fed tightening, and a softening labor market are major risks for the economic outlook.” ~ 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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•
Consumer Sentiment Remained Near Record Lows in Late July
“Consumer sentiment ticked up in July but remains near record lows and consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes
-
•
Would You Abdicate If You Could Be the Dictator?
“Our fellow Americans need to be reasoned with to better understand that we should not only not want a dictatorship imposed from outside but we should also not want a domestic dictatorship, even when democratically elected, to paternalistically ‘get things done.'” ~ Richard M. Ebeling
-
•
The Recession is Here. Will Stagflation Follow?
“An ugly picture is coming into focus: rising inflation, slowing growth, and a job market that looks poised to deteriorate. Bearing in mind the lag associated with employment, it is no longer unthinkable that stagflation may be ahead.” ~ Peter C. Earle
-
•
The FDA Is Funding and Approving Cigarettes
“Prohibiting vapes while increasing the number of reduced nicotine combustible cigarettes is as counterproductive as it is political. It doesn’t need to be.” ~ Mazen Saleh
-
•
The Strange Definition of Recession Is the Best We Have
“The reality is that the reason many use the flawed rule is because all other alternatives seem to be worse. As such, politicians and pundits who try to downplay talks of a recession by mentioning the flawed rule may be politically, and not economically inclined.” ~ Vincent Geloso
-
•
ESGs: Social Credit for Corporations? | Liberty Curious (Video)
“Robert Wright and Kate Wand discuss Environmental, Social, and Governance (ESG) initiatives and how they distort markets by directing companies to focus on Woke objectives rather than profits.” ~ AIER
-
•
Entry Barriers: A Personal Disappreciation
“What I know, though, without any sophisticated econometrics, is that my own encounter with indirect grants of special privilege is not one I wish to repeat any time soon—or ever.” ~ Caleb S. Fuller
-
•
Rising Prices Boost Durable-goods Orders in June
“Manufacturers’ new orders rose again in June, but much of it is from price increases. Rising prices, Fed policy tightening, and global turmoil are sustaining elevated risks.” ~ Robert Hughes
-
•
Weekly Initial Claims Continue to Trend Higher
“Weekly initial claims fell, but the trend remains upward. Sustained elevated rates of price increases, Fed tightening, and a softening labor market are major risks for the economic outlook.” ~ 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