Daily Economy
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Auto Industry Struggles Continued in March
“Light-vehicle sales fell again in March. Assemblies remain weak as component shortages continue to restrain production, but inventory and prices show signs of stabilization recently, though at extreme levels. Global supply chains remain disrupted with the Russian invasion of Ukraine adding to global turmoil.” ~ Robert Hughes
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Why ESG Ratings Are like Netflix’s Inventing Anna
“ESG is intertwined within the upper crust of global institutions, and despite the exposure of data discrepancies within intergovernmental organizations or mounting concerns regarding ESG efficacy, the UN isn’t about to give up its plans.” ~ Kimberlee Josephson
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Economic Freedom Is the Way Forward
“There is nothing ‘simplistic’ about adopting the entrepreneurship-and-competition path as the way forward for the American economy. It not only requires a sophisticated understanding of problems, but also demands the courage to act.” ~ Samuel Gregg
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Tony Soprano’s Critique of Identity Politics
“Soprano is no role model for classic liberals because he made a living by extracting economics rents by fraud and force. But he reminds Americans that they are individual human beings first, Americans second, and who really cares about the rest?” ~ Robert E. Wright
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As Fred Smith Steps Down as FedEx CEO, President Biden Steps In It
“Against the longest of odds, billionaires rush a much better future into the present to all of our betterment. Fred Smith’s amazing accomplishments vivify this truth.” ~ John Tamny
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Why Not One China and One Taiwan?
“Beijing should learn from Moscow’s stalled blitzkrieg in Ukraine that invasion of another’s homeland and decapitation of a sitting government may not be easy, despite overwhelming advantages in terms of advanced weaponry and numbers of military personnel.” ~ Dean Peng & Christopher Lingle
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The War That Never Ends
“Manufacturing Militarism offers a compelling mix of theory and history. Coyne and Hall show us how useful economics can be for understanding the war on terror and the propaganda that sustains it.” ~ Nathan P. Goodman
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Manufacturing-Sector Survey Suggests Slower Expansion but Increased Price Pressures in March
“Manufacturing-sector demand expanded at a slower pace in March and price pressures intensified. Ongoing labor and logistical issues continue to restrain output and recent events in Ukraine may be yet another source of disruption and further delay the return to normalcy.” ~ Robert Hughes
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•
Fear of Hobgoblins Doesn’t Justify Zoning
“Zoning gives government massive power, which has been used arbitrarily. Self-interest, self-selection and differing transportation and infrastructure needs resolve many scare stories when property rights are defended.” ~ Gary M. Galles
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Private Payrolls Add 426,000 Jobs in March
“Payroll gains remained strong in March, providing support for growth. However, sustained price pressures, a new Fed tightening cycle, and turmoil surrounding the Russian invasion of Ukraine are significant risks for the economy.” ~ Robert Hughes
-
•
Auto Industry Struggles Continued in March
“Light-vehicle sales fell again in March. Assemblies remain weak as component shortages continue to restrain production, but inventory and prices show signs of stabilization recently, though at extreme levels. Global supply chains remain disrupted with the Russian invasion of Ukraine adding to global turmoil.” ~ Robert Hughes
-
•
Why ESG Ratings Are like Netflix’s Inventing Anna
“ESG is intertwined within the upper crust of global institutions, and despite the exposure of data discrepancies within intergovernmental organizations or mounting concerns regarding ESG efficacy, the UN isn’t about to give up its plans.” ~ Kimberlee Josephson
-
•
Economic Freedom Is the Way Forward
“There is nothing ‘simplistic’ about adopting the entrepreneurship-and-competition path as the way forward for the American economy. It not only requires a sophisticated understanding of problems, but also demands the courage to act.” ~ Samuel Gregg
-
•
Tony Soprano’s Critique of Identity Politics
“Soprano is no role model for classic liberals because he made a living by extracting economics rents by fraud and force. But he reminds Americans that they are individual human beings first, Americans second, and who really cares about the rest?” ~ Robert E. Wright
-
•
As Fred Smith Steps Down as FedEx CEO, President Biden Steps In It
“Against the longest of odds, billionaires rush a much better future into the present to all of our betterment. Fred Smith’s amazing accomplishments vivify this truth.” ~ John Tamny
-
•
Why Not One China and One Taiwan?
“Beijing should learn from Moscow’s stalled blitzkrieg in Ukraine that invasion of another’s homeland and decapitation of a sitting government may not be easy, despite overwhelming advantages in terms of advanced weaponry and numbers of military personnel.” ~ Dean Peng & Christopher Lingle
-
•
The War That Never Ends
“Manufacturing Militarism offers a compelling mix of theory and history. Coyne and Hall show us how useful economics can be for understanding the war on terror and the propaganda that sustains it.” ~ Nathan P. Goodman
-
•
Manufacturing-Sector Survey Suggests Slower Expansion but Increased Price Pressures in March
“Manufacturing-sector demand expanded at a slower pace in March and price pressures intensified. Ongoing labor and logistical issues continue to restrain output and recent events in Ukraine may be yet another source of disruption and further delay the return to normalcy.” ~ Robert Hughes
-
•
Fear of Hobgoblins Doesn’t Justify Zoning
“Zoning gives government massive power, which has been used arbitrarily. Self-interest, self-selection and differing transportation and infrastructure needs resolve many scare stories when property rights are defended.” ~ Gary M. Galles
-
•
Private Payrolls Add 426,000 Jobs in March
“Payroll gains remained strong in March, providing support for growth. However, sustained price pressures, a new Fed tightening cycle, and turmoil surrounding the Russian invasion of Ukraine are significant risks for the economy.” ~ Robert Hughes