Daily Economy
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Can Capitalism Survive? 80 Years After Schumpeter’s Answer
“Our task is to do all in our power and ability to revive an understanding of and inspire a desire to preserve, restore, and extend the ideal and practice of the truly free society.” ~ Richard M. Ebeling
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How Threat-Free Are Americans from COVID-19? Late April 2022 Update
“The main threat to people continues to be totalitarian government orders based on COVID and anything else they can get away with calling a ‘public health emergency.'” ~ Jon Sanders
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Virtue Signalling, Ancient and Modern
“Agricola and Marcus Lepidus lived under bad emperors and yet they were still able to do good. They did not need to appear moderate because they were moderate.” ~ Scott B. Nelson
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Consumer Sentiment Ticked Up in April, but the Level Remains Low
“Consumer sentiment ended higher in April but remains consistent with prior recessions. Elevated risks are sustaining a high level of uncertainty for the economic outlook.” ~ Robert Hughes
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Political Paternalism, Not Free Markets, Cause Economic Shocks
“What we are suffering from is not a crisis of ‘capitalism,’ or free markets, or ‘neoliberalism.’ We are facing the consequences of the interventionist and regulatory state.” ~ Richard M. Ebeling
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Tolstoy, Smith, and the Perils of Loneliness
“What ultimately renders Smith’s discussion of the social passions so necessary today is his deep respect for their inherent dignity—our need to love and be loved does not flow from anything else.” ~ Richard Gunderman
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The Possibilities Inspire: A Review of ‘Check Your Financial Privilege’
“Across the world, Gladstein’s investigative journalism shows how Bitcoin is a tool for individuals and communities to protect their wealth and promote their well-being in the face of repressive regimes. It is a sobering perspective” ~ David Waugh
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Weak Headline Masks Underlying Resilience in First Quarter GDP
“Weak headline GDP growth masks the resilience of private domestic demand. However, continued price pressures, a new Fed tightening cycle, the war in Ukraine, and upcoming elections are boosting risks to the outlook.” ~ Robert Hughes
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Weekly Initial Claims Ticked Lower and Remain Below the Pre-Pandemic Level
“Weekly initial claims continue to suggest a very tight labor market and is a support for consumers. However, the Russian invasion of Ukraine, sustained elevated price increases, and a new Fed tightening cycle remain significant risks to the outlook.” ~ Robert Hughes
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Speaking of Liberal Values
“We liberals must forever be ready, understanding the power of words, to challenge with our own words these assaults on freedom of expression and on open, peaceful discourse and debate.” ~ Donald J. Boudreaux
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•
Can Capitalism Survive? 80 Years After Schumpeter’s Answer
“Our task is to do all in our power and ability to revive an understanding of and inspire a desire to preserve, restore, and extend the ideal and practice of the truly free society.” ~ Richard M. Ebeling
-
•
How Threat-Free Are Americans from COVID-19? Late April 2022 Update
“The main threat to people continues to be totalitarian government orders based on COVID and anything else they can get away with calling a ‘public health emergency.'” ~ Jon Sanders
-
•
Virtue Signalling, Ancient and Modern
“Agricola and Marcus Lepidus lived under bad emperors and yet they were still able to do good. They did not need to appear moderate because they were moderate.” ~ Scott B. Nelson
-
•
Consumer Sentiment Ticked Up in April, but the Level Remains Low
“Consumer sentiment ended higher in April but remains consistent with prior recessions. Elevated risks are sustaining a high level of uncertainty for the economic outlook.” ~ Robert Hughes
-
•
Political Paternalism, Not Free Markets, Cause Economic Shocks
“What we are suffering from is not a crisis of ‘capitalism,’ or free markets, or ‘neoliberalism.’ We are facing the consequences of the interventionist and regulatory state.” ~ Richard M. Ebeling
-
•
Tolstoy, Smith, and the Perils of Loneliness
“What ultimately renders Smith’s discussion of the social passions so necessary today is his deep respect for their inherent dignity—our need to love and be loved does not flow from anything else.” ~ Richard Gunderman
-
•
The Possibilities Inspire: A Review of ‘Check Your Financial Privilege’
“Across the world, Gladstein’s investigative journalism shows how Bitcoin is a tool for individuals and communities to protect their wealth and promote their well-being in the face of repressive regimes. It is a sobering perspective” ~ David Waugh
-
•
Weak Headline Masks Underlying Resilience in First Quarter GDP
“Weak headline GDP growth masks the resilience of private domestic demand. However, continued price pressures, a new Fed tightening cycle, the war in Ukraine, and upcoming elections are boosting risks to the outlook.” ~ Robert Hughes
-
•
Weekly Initial Claims Ticked Lower and Remain Below the Pre-Pandemic Level
“Weekly initial claims continue to suggest a very tight labor market and is a support for consumers. However, the Russian invasion of Ukraine, sustained elevated price increases, and a new Fed tightening cycle remain significant risks to the outlook.” ~ Robert Hughes
-
•
Speaking of Liberal Values
“We liberals must forever be ready, understanding the power of words, to challenge with our own words these assaults on freedom of expression and on open, peaceful discourse and debate.” ~ Donald J. Boudreaux