Daily Economy
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Average Weekly Initial Claims Rise Again
“Weekly initial claims rose pushing the four-week average higher again. The combination of sustained elevated rates of price increases and softening labor market are becoming a major risk for the economic outlook.” ~ Robert Hughes
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The Amtrak Abomination
“While trains are not especially good for the environment, many people assume they are ‘green,’ also allowing for some of the fake virtue signaling many American politicians seem to crave.” ~ Robert E. Wright
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How UT-Austin Administrators Destroyed an Intellectual Diversity Initiative
“The extreme hostility of the faculty toward this project shows the desperate need for something serious along these lines. However, with the current administration at UT-Austin, nothing will be possible without far more direct state intervention.” ~ Richard Lowery
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Private-Sector Job Openings and Quits Fall for a Second Consecutive Month
“Private-sector job openings and quits fell in May. The effects of rising interest rates and consumer caution are becoming more apparent. The outlook remains highly uncertain.” ~ Robert Hughes
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Services-Sector Survey Suggests Continued Expansion in June
“Services-sector expansion continued in June despite ongoing labor and materials shortages and intense price pressures. Some notes of caution were also starting to emerge. The outlook remains highly uncertain.” ~ Robert Hughes
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Leave the Gas Station Owners Out of It
“Saddling gas station owners with the blame for a particularly damaging aspect of the ongoing inflation increase is, beyond wildly inaccurate, irresponsible and morally unconscionable.” ~ Peter C. Earle
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Free Riding, Expressive Voting and Charity
“To the extent the free-rider problem does arise, it is true that government intervention can change how much charity is provided. But that does not mean the result is closer to what we ‘really want’ to give than what we actually give.” ~ Gary M. Galles
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SCOTUS to Congress: On Environmental Policy, Do Your Job
“‘This is a win for the climate and constitutional democracy,’ says Drew Bond, president of Conservative Coalition for Climate (C3) Solutions. ‘Any serious person knows that innovation, not overregulation, is the solution to reducing global greenhouse gas emissions.’” ~ Chris Woodward
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How To Defeat China Economically? Don’t Follow Its Worst Practices
“The Biden administration’s new PGII program is unlikely to improve upon past development initiatives. To start, it seems unlikely to offer anything new. Worse, it is a political exercise aimed at China.” ~ Doug Bandow
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Review: The Great Experiment by Yasha Mounck
“This book is a good guide to understanding the risks these countries face and provides food for thought on how we might respond to them to promote a diverse, peaceful, and equal democracy in our own country.” ~ James E. Hanley
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•
Average Weekly Initial Claims Rise Again
“Weekly initial claims rose pushing the four-week average higher again. The combination of sustained elevated rates of price increases and softening labor market are becoming a major risk for the economic outlook.” ~ Robert Hughes
-
•
The Amtrak Abomination
“While trains are not especially good for the environment, many people assume they are ‘green,’ also allowing for some of the fake virtue signaling many American politicians seem to crave.” ~ Robert E. Wright
-
•
How UT-Austin Administrators Destroyed an Intellectual Diversity Initiative
“The extreme hostility of the faculty toward this project shows the desperate need for something serious along these lines. However, with the current administration at UT-Austin, nothing will be possible without far more direct state intervention.” ~ Richard Lowery
-
•
Private-Sector Job Openings and Quits Fall for a Second Consecutive Month
“Private-sector job openings and quits fell in May. The effects of rising interest rates and consumer caution are becoming more apparent. The outlook remains highly uncertain.” ~ Robert Hughes
-
•
Services-Sector Survey Suggests Continued Expansion in June
“Services-sector expansion continued in June despite ongoing labor and materials shortages and intense price pressures. Some notes of caution were also starting to emerge. The outlook remains highly uncertain.” ~ Robert Hughes
-
•
Leave the Gas Station Owners Out of It
“Saddling gas station owners with the blame for a particularly damaging aspect of the ongoing inflation increase is, beyond wildly inaccurate, irresponsible and morally unconscionable.” ~ Peter C. Earle
-
•
Free Riding, Expressive Voting and Charity
“To the extent the free-rider problem does arise, it is true that government intervention can change how much charity is provided. But that does not mean the result is closer to what we ‘really want’ to give than what we actually give.” ~ Gary M. Galles
-
•
SCOTUS to Congress: On Environmental Policy, Do Your Job
“‘This is a win for the climate and constitutional democracy,’ says Drew Bond, president of Conservative Coalition for Climate (C3) Solutions. ‘Any serious person knows that innovation, not overregulation, is the solution to reducing global greenhouse gas emissions.’” ~ Chris Woodward
-
•
How To Defeat China Economically? Don’t Follow Its Worst Practices
“The Biden administration’s new PGII program is unlikely to improve upon past development initiatives. To start, it seems unlikely to offer anything new. Worse, it is a political exercise aimed at China.” ~ Doug Bandow
-
•
Review: The Great Experiment by Yasha Mounck
“This book is a good guide to understanding the risks these countries face and provides food for thought on how we might respond to them to promote a diverse, peaceful, and equal democracy in our own country.” ~ James E. Hanley