Daily Economy
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Private Payrolls Show Surprising Strength in January, Adding 444,000 Jobs
“Payrolls growth was unexpectedly strong in January and revisions show more robust gains over the past year. The results support a positive outlook for growth and an eventual slowing of price increases, but upward price pressures may continue a while longer until production and logistical constraints are significantly reduced.” ~ Robert Hughes
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Princeton and the Woke Ballet
“It takes Ivy Leaguers from Princeton to somehow place the desire for goodness, truth, and beauty in the realm of ideological wokeness, and not comprehend it as a simple and beautiful ontological truth and necessity available to all.” ~ Daniel Asia
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Families Are Fed up with Big Labor-Dominated Schools
“Over the years, millions of mothers and fathers have expressed their views by voting with their feet. And Census Bureau data plainly show that parents, when they have a choice, prefer not to have their kids educated in states where government union officials wield the most clout.” ~ Stan Greer
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$30 Trillion With Neither a Whimper or Bang
“On February 1st 2022 the US national debt surpassed $30 Trillion for the first time – just as the Fed is preparing a hiking campaign. Political decisions to trade the future for the present tempt further assaults upon the ever-declining soundness of the US dollar.” ~ Peter C. Earle
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Services-Sector Growth May Have Slowed Again in January
“The services sector expanded in January, but Covid continues to impact operations. Shortages of labor and materials continue to restrain output and sustain upward pressure on prices, though cresting new cases of Covid may provide a small amount of relief.” ~ Robert Hughes
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Biden’s Fed Nominees a Tit-for-Tat Response to Trump’s
“Fortunately, especially for the regular people who would stand to suffer the most under a politicized Fed, there were enough conservatives to band together to block Trump. Will there be enough principled liberals to sanction Biden?” ~ Daniel J. Smith
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Reality Decides, in Economics and Evolutionary Biology Alike
“An evolutionary lens isn’t just a corrective for how to live in the 21st century and how to understand our modern predicaments. It also teaches you how markets work, what constraints reality puts on us, and how to consider outcomes you don’t like.” ~ Joakim Book
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Weekly Initial Claims for Unemployment Benefits Fall Again, Remain Very Low
“Weekly initial claims for unemployment benefits fell again, pulling back from a three-month high two weeks ago. Overall, claims remain at a very low level by historical comparison. Most data suggest the labor market remains very tight.” ~ Robert Hughes
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Political Partisanship Has No Place at the Federal Reserve
“The Fed already lost credibility by missing its stated inflation target, and the nomination of partisan actors such as Cook would further throttle its credibility.” ~ Phillip W. Magness & David Waugh
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Walter Williams: Common Sense, Controversial, Radical
“Williams pressed hard for individual freedom and personal accountability. We need freedom to make our own choices, for better or for worse. Sometimes, we make bad choices, which sometimes lead to bad outcomes.” ~ Ramon P. DeGennaro
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•
Private Payrolls Show Surprising Strength in January, Adding 444,000 Jobs
“Payrolls growth was unexpectedly strong in January and revisions show more robust gains over the past year. The results support a positive outlook for growth and an eventual slowing of price increases, but upward price pressures may continue a while longer until production and logistical constraints are significantly reduced.” ~ Robert Hughes
-
•
Princeton and the Woke Ballet
“It takes Ivy Leaguers from Princeton to somehow place the desire for goodness, truth, and beauty in the realm of ideological wokeness, and not comprehend it as a simple and beautiful ontological truth and necessity available to all.” ~ Daniel Asia
-
•
Families Are Fed up with Big Labor-Dominated Schools
“Over the years, millions of mothers and fathers have expressed their views by voting with their feet. And Census Bureau data plainly show that parents, when they have a choice, prefer not to have their kids educated in states where government union officials wield the most clout.” ~ Stan Greer
-
•
$30 Trillion With Neither a Whimper or Bang
“On February 1st 2022 the US national debt surpassed $30 Trillion for the first time – just as the Fed is preparing a hiking campaign. Political decisions to trade the future for the present tempt further assaults upon the ever-declining soundness of the US dollar.” ~ Peter C. Earle
-
•
Services-Sector Growth May Have Slowed Again in January
“The services sector expanded in January, but Covid continues to impact operations. Shortages of labor and materials continue to restrain output and sustain upward pressure on prices, though cresting new cases of Covid may provide a small amount of relief.” ~ Robert Hughes
-
•
Biden’s Fed Nominees a Tit-for-Tat Response to Trump’s
“Fortunately, especially for the regular people who would stand to suffer the most under a politicized Fed, there were enough conservatives to band together to block Trump. Will there be enough principled liberals to sanction Biden?” ~ Daniel J. Smith
-
•
Reality Decides, in Economics and Evolutionary Biology Alike
“An evolutionary lens isn’t just a corrective for how to live in the 21st century and how to understand our modern predicaments. It also teaches you how markets work, what constraints reality puts on us, and how to consider outcomes you don’t like.” ~ Joakim Book
-
•
Weekly Initial Claims for Unemployment Benefits Fall Again, Remain Very Low
“Weekly initial claims for unemployment benefits fell again, pulling back from a three-month high two weeks ago. Overall, claims remain at a very low level by historical comparison. Most data suggest the labor market remains very tight.” ~ Robert Hughes
-
•
Political Partisanship Has No Place at the Federal Reserve
“The Fed already lost credibility by missing its stated inflation target, and the nomination of partisan actors such as Cook would further throttle its credibility.” ~ Phillip W. Magness & David Waugh
-
•
Walter Williams: Common Sense, Controversial, Radical
“Williams pressed hard for individual freedom and personal accountability. We need freedom to make our own choices, for better or for worse. Sometimes, we make bad choices, which sometimes lead to bad outcomes.” ~ Ramon P. DeGennaro