Daily Economy
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Unit Auto Sales Improved While Assemblies, Inventories, and Prices Stabilize
“Light-vehicle sales picked up in January. Component shortages are still restricting production, but assemblies, inventory, and prices may be starting to stabilize, albeit at extreme levels.” ~ Robert Hughes
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Putin, Ukraine, and Covid
“Russia is not, by far, the only nation for which the Covid pandemic starkly exposed a variety of limitations. But whether in volumes or a few paragraphs, history must reflect the role that one of many influences, a global pandemic, played.” ~ Peter C. Earle
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Private-Sector Job Openings Totaled Nearly 10 Million in December
“Job openings rose again while quits eased slightly but remain near record levels. The tight labor market continues to hamper production and sustain upward pressure on prices.” ~ Robert Hughes
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Production Constraints Slowed Expansion in the Manufacturing Sector in January
“Expansion slowed a bit but remained strong for the manufacturing sector in January. Production issues continue to restrain supply and sustain upward pressure prices, but there may be early signs of progress on some issues.” ~ Robert Hughes
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When “Mass Formation Psychosis” Meets Irish Democracy
“We must underthrow these authorities. And that starts with our dogged resistance, withdrawal, and truculence. But maybe Irish Democracy need not be ‘silent,’ as Scott describes it. Maybe it’s time to get loud.” ~ Max Borders
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Death by Inflation or by Interest Rate Hikes?
“If central banks protect the value of the currency, they will create an economic crisis. If they try to avoid the economic crisis, they will destroy the value of the currency and cause a monetary crisis anyway.” ~ Daniel Fernández
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Covid Paycheck Protection Program: Promises Not Kept
“The fact that PPP was poorly thought through, recklessly implemented and administered, and ended up benefiting those who are least likely to need it is, for politicians and bureaucrats, a feature, not a bug.” ~ Veronique de Rugy
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Complexity in the Service of Simplicity
“Competition both contributes to, and relies upon, the modern economy’s enormous and largely unseen complexity. The modern economy can well be described as ever-increasing complexity in the service of ever-more simplicity.” ~ Donald J. Boudreaux
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How Threat-Free Are Americans from Covid-19? Late January 2022 Update
“Failures of government to defeat this virus were predictable and by now are self-evident. The tools they used, however, must be taken away before they use them against us for other emergencies, real or fabricated.” ~ Jon Sanders
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Today, You Will Have an Opportunity to Make More Meaning in Your Life
“When government makes it harder for businesses to flourish, our entrepreneurial insights show the way. No one can ever force us to renounce our inner freedom. Today, like every day, we will have opportunities to make more meaning in our lives.” ~ Barry Brownstein
-
•
Unit Auto Sales Improved While Assemblies, Inventories, and Prices Stabilize
“Light-vehicle sales picked up in January. Component shortages are still restricting production, but assemblies, inventory, and prices may be starting to stabilize, albeit at extreme levels.” ~ Robert Hughes
-
•
Putin, Ukraine, and Covid
“Russia is not, by far, the only nation for which the Covid pandemic starkly exposed a variety of limitations. But whether in volumes or a few paragraphs, history must reflect the role that one of many influences, a global pandemic, played.” ~ Peter C. Earle
-
•
Private-Sector Job Openings Totaled Nearly 10 Million in December
“Job openings rose again while quits eased slightly but remain near record levels. The tight labor market continues to hamper production and sustain upward pressure on prices.” ~ Robert Hughes
-
•
Production Constraints Slowed Expansion in the Manufacturing Sector in January
“Expansion slowed a bit but remained strong for the manufacturing sector in January. Production issues continue to restrain supply and sustain upward pressure prices, but there may be early signs of progress on some issues.” ~ Robert Hughes
-
•
When “Mass Formation Psychosis” Meets Irish Democracy
“We must underthrow these authorities. And that starts with our dogged resistance, withdrawal, and truculence. But maybe Irish Democracy need not be ‘silent,’ as Scott describes it. Maybe it’s time to get loud.” ~ Max Borders
-
•
Death by Inflation or by Interest Rate Hikes?
“If central banks protect the value of the currency, they will create an economic crisis. If they try to avoid the economic crisis, they will destroy the value of the currency and cause a monetary crisis anyway.” ~ Daniel Fernández
-
•
Covid Paycheck Protection Program: Promises Not Kept
“The fact that PPP was poorly thought through, recklessly implemented and administered, and ended up benefiting those who are least likely to need it is, for politicians and bureaucrats, a feature, not a bug.” ~ Veronique de Rugy
-
•
Complexity in the Service of Simplicity
“Competition both contributes to, and relies upon, the modern economy’s enormous and largely unseen complexity. The modern economy can well be described as ever-increasing complexity in the service of ever-more simplicity.” ~ Donald J. Boudreaux
-
•
How Threat-Free Are Americans from Covid-19? Late January 2022 Update
“Failures of government to defeat this virus were predictable and by now are self-evident. The tools they used, however, must be taken away before they use them against us for other emergencies, real or fabricated.” ~ Jon Sanders
-
•
Today, You Will Have an Opportunity to Make More Meaning in Your Life
“When government makes it harder for businesses to flourish, our entrepreneurial insights show the way. No one can ever force us to renounce our inner freedom. Today, like every day, we will have opportunities to make more meaning in our lives.” ~ Barry Brownstein