Daily Economy
-
•
Joe Biden’s Gasoline Saga
“The belief that exorbitant prices are good because it means people will change their entire way of life is one of the responses in the Biden administration’s rotation of pat responses to high gas prices, along with such things as blaming Putin and corporate greed.” ~ Jon Sanders
-
•
Paul Krugman and the “Ersatz” Theory of Private Currencies
“Private paper currencies, including notes issued by ordinary commercial banks without the benefit of official guarantees, have never been driven to extinction by the mere presence of official alternatives.” ~ George Selgin
-
•
Leave Me Alone and I’ll Make You Rich, Part 1
“McCloskey and Carden are unabashed optimists. They know that free people will innovate, cooperate, and peacefully solve problems. But they also recognize the power of pessimism to undermine freedom.” ~ George Leef
-
•
Inflation Fears Send Consumer Sentiment Plunging to a Record Low in Early June
“Consumer sentiment plunged to a record low in early June and is consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes
-
•
Review: Scott Atlas’s A Plague Upon Our House
“Dr. Atlas’ analysis of the US’s COVID-19 response is masterful. This book offers great explanations and evidence to clarify COVID-related misunderstandings and falsehoods. His accounts of working in DC are shocking and enlightening for readers skeptical about federal suggestions on combating the pandemic.” ~ Raymond J. March
-
•
CEOs like the Late Jack Welch Embody the Endless Possibilities of Capitalism
“Gelles wrote of how Welch’s career was ‘defined by devotion to maximizing short-term profits at any cost.’ Where have we heard that one before? If you’re looking for originality, this is the wrong book.” ~ John Tamny
-
•
Censoring Edward Atkinson, the 19th Century’s Elon Musk
“Despite the similarities between Atkinson and Musk, and the coordination between the ‘Administration papers’ then and today’s mass media echo chambers, there remained lines that the government was not prepared to cross.” ~ Robert E. Wright
-
•
Placebo Buttons and the Illusion of Control
“Voting, like most political speech, is a placebo button. Press it if you want to, if you like the way it feels, but don’t expect it to create genuine change in the world or solve complex problems.” ~ Laura Williams
-
•
Weekly Initial Claims Rise to the Highest Level Since January
“Weekly initial claims jumped in the latest week, continuing a modest upward trend. The Russian invasion of Ukraine, lockdowns in China, sustained elevated price increases, and a new Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
-
•
In Bernanke We Trust?
“When central banking’s role is understood in neo-Keynesian terms—i.e., from a macroeconomic standpoint that emphasizes top-down demand-side management of the economy—it’s easy to understand why central bankers might gradually succumb to a Masters-of-the-Universe mindset.” ~ Samuel Gregg
-
•
Joe Biden’s Gasoline Saga
“The belief that exorbitant prices are good because it means people will change their entire way of life is one of the responses in the Biden administration’s rotation of pat responses to high gas prices, along with such things as blaming Putin and corporate greed.” ~ Jon Sanders
-
•
Paul Krugman and the “Ersatz” Theory of Private Currencies
“Private paper currencies, including notes issued by ordinary commercial banks without the benefit of official guarantees, have never been driven to extinction by the mere presence of official alternatives.” ~ George Selgin
-
•
Leave Me Alone and I’ll Make You Rich, Part 1
“McCloskey and Carden are unabashed optimists. They know that free people will innovate, cooperate, and peacefully solve problems. But they also recognize the power of pessimism to undermine freedom.” ~ George Leef
-
•
Inflation Fears Send Consumer Sentiment Plunging to a Record Low in Early June
“Consumer sentiment plunged to a record low in early June and is consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes
-
•
Review: Scott Atlas’s A Plague Upon Our House
“Dr. Atlas’ analysis of the US’s COVID-19 response is masterful. This book offers great explanations and evidence to clarify COVID-related misunderstandings and falsehoods. His accounts of working in DC are shocking and enlightening for readers skeptical about federal suggestions on combating the pandemic.” ~ Raymond J. March
-
•
CEOs like the Late Jack Welch Embody the Endless Possibilities of Capitalism
“Gelles wrote of how Welch’s career was ‘defined by devotion to maximizing short-term profits at any cost.’ Where have we heard that one before? If you’re looking for originality, this is the wrong book.” ~ John Tamny
-
•
Censoring Edward Atkinson, the 19th Century’s Elon Musk
“Despite the similarities between Atkinson and Musk, and the coordination between the ‘Administration papers’ then and today’s mass media echo chambers, there remained lines that the government was not prepared to cross.” ~ Robert E. Wright
-
•
Placebo Buttons and the Illusion of Control
“Voting, like most political speech, is a placebo button. Press it if you want to, if you like the way it feels, but don’t expect it to create genuine change in the world or solve complex problems.” ~ Laura Williams
-
•
Weekly Initial Claims Rise to the Highest Level Since January
“Weekly initial claims jumped in the latest week, continuing a modest upward trend. The Russian invasion of Ukraine, lockdowns in China, sustained elevated price increases, and a new Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
-
•
In Bernanke We Trust?
“When central banking’s role is understood in neo-Keynesian terms—i.e., from a macroeconomic standpoint that emphasizes top-down demand-side management of the economy—it’s easy to understand why central bankers might gradually succumb to a Masters-of-the-Universe mindset.” ~ Samuel Gregg