Daily Economy
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Russia Closes Gulag Memorial, but Communist Oppression Must Not Be Forgotten
“Let us honor the Memorial International and its brave supporters. They helped force the rest of us to remember the evil that never seems to lurk far from men’s and women’s hearts.” ~ Doug Bandow
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The Year of the Strong Dollar
“The urgency to correct the country’s large public finances is likely to be heightened by a further widening in the trade deficit in 2022 as the consequence of a stronger dollar and the relative strength of the U.S. economy.” ~ Desmond Lachman
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New Single-Family Home Sales Jump but Prices Sink
“New-home sales rose in December, but prices plunged, and months’ supply remains relatively high. Rising prices, higher mortgage rates, and continued inventory build may continue to weigh on price increases.” ~ Robert Hughes
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Funding Obsolete Transportation
“Transit subsidies make no more sense than subsidies to manual typewriters, rotary telephones, or steam locomotives. Designing transportation systems based on how people actually travel can make those systems safe, environmentally sensitive, resilient, and efficient.” ~ Randal O’Toole
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Book Review: Charles Moss and Jonathan Kay’s ‘Magic In the Dark’
“Movie theatres will survive and thrive because we movie lovers want them, and because theater chains are well aware that survival will be rooted in relentless improvement meant to please the customer.” ~ John Tamny
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How The World Really Works
“Smil’s is much more concerned with what is and what is not physically possible. Thus, his meticulously researched words are for anyone who wants his priors reexamined and feathers ruffled. It’s what the 2020s desperately need.” ~ Joakim Book
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Consumer Confidence Softened in January
“Consumer expectations weakened in January, pulling down overall consumer confidence. Continued expansion remains the likely course, but weaker consumer attitudes could become a headwind.” ~ Robert Hughes
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Jabbing the Administrative State
“Congress will need to be pellucid about what major powers it chooses to delegate. And the administration will have to offer up the real reasons for administrative actions or risk being second-guessed by the judiciary.” ~ John O. McGinnis
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Freedom and Whisky Go Together Like Tyranny and Oppression
“Burns hails whisky as the drink of the ‘freeborn, martial boys’ of Scotland, and he readily sees the ‘foe’ as government: ‘royal George’s will.’ His final lines are well founded. If tyranny is linked to the oppression of distilling, then it follows that ‘Freedom and whisky go together'” ~ Jon Sanders
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What the Hell is Inflation Anyway?
“Words mean different things to different people, and their meanings change over time. How we define inflation is a matter of choice, but we must also recognize that choice reflects more fundamental beliefs about how the economy functions.” ~ Michael J. Douma
-
•
Russia Closes Gulag Memorial, but Communist Oppression Must Not Be Forgotten
“Let us honor the Memorial International and its brave supporters. They helped force the rest of us to remember the evil that never seems to lurk far from men’s and women’s hearts.” ~ Doug Bandow
-
•
The Year of the Strong Dollar
“The urgency to correct the country’s large public finances is likely to be heightened by a further widening in the trade deficit in 2022 as the consequence of a stronger dollar and the relative strength of the U.S. economy.” ~ Desmond Lachman
-
•
New Single-Family Home Sales Jump but Prices Sink
“New-home sales rose in December, but prices plunged, and months’ supply remains relatively high. Rising prices, higher mortgage rates, and continued inventory build may continue to weigh on price increases.” ~ Robert Hughes
-
•
Funding Obsolete Transportation
“Transit subsidies make no more sense than subsidies to manual typewriters, rotary telephones, or steam locomotives. Designing transportation systems based on how people actually travel can make those systems safe, environmentally sensitive, resilient, and efficient.” ~ Randal O’Toole
-
•
Book Review: Charles Moss and Jonathan Kay’s ‘Magic In the Dark’
“Movie theatres will survive and thrive because we movie lovers want them, and because theater chains are well aware that survival will be rooted in relentless improvement meant to please the customer.” ~ John Tamny
-
•
How The World Really Works
“Smil’s is much more concerned with what is and what is not physically possible. Thus, his meticulously researched words are for anyone who wants his priors reexamined and feathers ruffled. It’s what the 2020s desperately need.” ~ Joakim Book
-
•
Consumer Confidence Softened in January
“Consumer expectations weakened in January, pulling down overall consumer confidence. Continued expansion remains the likely course, but weaker consumer attitudes could become a headwind.” ~ Robert Hughes
-
•
Jabbing the Administrative State
“Congress will need to be pellucid about what major powers it chooses to delegate. And the administration will have to offer up the real reasons for administrative actions or risk being second-guessed by the judiciary.” ~ John O. McGinnis
-
•
Freedom and Whisky Go Together Like Tyranny and Oppression
“Burns hails whisky as the drink of the ‘freeborn, martial boys’ of Scotland, and he readily sees the ‘foe’ as government: ‘royal George’s will.’ His final lines are well founded. If tyranny is linked to the oppression of distilling, then it follows that ‘Freedom and whisky go together'” ~ Jon Sanders
-
•
What the Hell is Inflation Anyway?
“Words mean different things to different people, and their meanings change over time. How we define inflation is a matter of choice, but we must also recognize that choice reflects more fundamental beliefs about how the economy functions.” ~ Michael J. Douma