Daily Economy
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Real Retail Sales Are Trending Flat
“Retail sales rose in March but fell after adjusting for price changes. Ongoing labor and materials shortages, turmoil from the Russian invasion of Ukraine, and a new Fed tightening cycle all raise risks for the outlook.” ~ Robert Hughes
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Weekly Initial Claims Tick Up but Remain Near Record Lows
“Weekly initial claims ticked up but remain near a multidecade low, indicating a very tight labor market. The Russian invasion of Ukraine, sustained elevated price increases, and a new Fed tightening cycle have boosted risks to the outlook.” ~ Robert Hughes
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Back in the USSR
“Beach Boy Mike Love said: ‘Back in the U.S.S.R.’ was a helluva song, and it’s lasted longer than the country.’ But, joking aside, Thies’s list is worth an hour of contemplation. The set of ten songs is a noble effort against tyranny.” ~ Daniel B. Klein
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Antitrust Crackdowns On Big Tech Won’t Help Consumers
“If antitrust actions go too far, it wouldn’t deliver us an era of perfect competition or vast choices. It would deny internet consumers of innovative options and stall the entrepreneurial forces that have allowed them to grow and provide value.” ~ Yaël Ossowski
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Suffering from Sunk Costs
“Understanding how to understand and apply sunk costs is important in many ways. And one of those ways is to recognize that when we make a mistake in such efforts, we can’t retroactively fix those mistakes, but we can use them to learn better.” ~ Gary M. Galles
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Inflation and the Meaning of Anything
“With the real actors and mechanisms of inflation hidden from public view by language, those who truly fuel it are free to carry on the same policies in relative obscurity and little-noted infamy.” ~ Laura Williams
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A Tale of Two Statutes
“In the end, Title IX has always had two faces. Either it is a law with content to be respected, or it is a blank slate whose meaning is in the eye of the beholder.” ~ Elizabeth Kaufer Busch
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Zero COVID Horror Show in Shanghai
“Under the classical liberal ideal, governments are formed to protect individual rights. Nothing could be further from this in Shanghai. A city of over 25 million people is being dehumanized because of a spike in largely asymptomatic COVID-19 cases.” ~ David Waugh
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Liberty Gardens
“Maybe America has hit rock bottom and the current travails will induce a return to limited government. Until then, though, I suggest that you remove the rocks from your own garden, and plant yourself some Liberty this spring, summer, and fall.” ~ Robert E. Wright
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Subversive Innovation: A Strategic Reading of Nozick’s Framework for Utopia
“I suggest we reshuffle Nozick’s thesis to transform his theoretical framework into a practical mindset. We can use the Framework as a strategic lens for spawning subversive innovations that promise each of us a society that comes closest to our ideals.” ~ Max Borders
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•
Real Retail Sales Are Trending Flat
“Retail sales rose in March but fell after adjusting for price changes. Ongoing labor and materials shortages, turmoil from the Russian invasion of Ukraine, and a new Fed tightening cycle all raise risks for the outlook.” ~ Robert Hughes
-
•
Weekly Initial Claims Tick Up but Remain Near Record Lows
“Weekly initial claims ticked up but remain near a multidecade low, indicating a very tight labor market. The Russian invasion of Ukraine, sustained elevated price increases, and a new Fed tightening cycle have boosted risks to the outlook.” ~ Robert Hughes
-
•
Back in the USSR
“Beach Boy Mike Love said: ‘Back in the U.S.S.R.’ was a helluva song, and it’s lasted longer than the country.’ But, joking aside, Thies’s list is worth an hour of contemplation. The set of ten songs is a noble effort against tyranny.” ~ Daniel B. Klein
-
•
Antitrust Crackdowns On Big Tech Won’t Help Consumers
“If antitrust actions go too far, it wouldn’t deliver us an era of perfect competition or vast choices. It would deny internet consumers of innovative options and stall the entrepreneurial forces that have allowed them to grow and provide value.” ~ Yaël Ossowski
-
•
Suffering from Sunk Costs
“Understanding how to understand and apply sunk costs is important in many ways. And one of those ways is to recognize that when we make a mistake in such efforts, we can’t retroactively fix those mistakes, but we can use them to learn better.” ~ Gary M. Galles
-
•
Inflation and the Meaning of Anything
“With the real actors and mechanisms of inflation hidden from public view by language, those who truly fuel it are free to carry on the same policies in relative obscurity and little-noted infamy.” ~ Laura Williams
-
•
A Tale of Two Statutes
“In the end, Title IX has always had two faces. Either it is a law with content to be respected, or it is a blank slate whose meaning is in the eye of the beholder.” ~ Elizabeth Kaufer Busch
-
•
Zero COVID Horror Show in Shanghai
“Under the classical liberal ideal, governments are formed to protect individual rights. Nothing could be further from this in Shanghai. A city of over 25 million people is being dehumanized because of a spike in largely asymptomatic COVID-19 cases.” ~ David Waugh
-
•
Liberty Gardens
“Maybe America has hit rock bottom and the current travails will induce a return to limited government. Until then, though, I suggest that you remove the rocks from your own garden, and plant yourself some Liberty this spring, summer, and fall.” ~ Robert E. Wright
-
•
Subversive Innovation: A Strategic Reading of Nozick’s Framework for Utopia
“I suggest we reshuffle Nozick’s thesis to transform his theoretical framework into a practical mindset. We can use the Framework as a strategic lens for spawning subversive innovations that promise each of us a society that comes closest to our ideals.” ~ Max Borders