Daily Economy
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Existing Home Sales Fell in December and Supply Remains Extremely Tight
“Existing-home sales fell sharply in December, but supply remains very tight. Shifting housing preferences and rising mortgage rates are likely to continue to impact demand over the coming months and quarters.” ~ Robert Hughes
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Liberties Are Only Kept Safe by the Limitation of Government Power
“Richard Henry Lee’s generation had learned of the need to keep government within narrow limits, as there are very few areas in which it can advance our general welfare, as opposed to some Americans’ welfare at other Americans’ expense.” ~ Gary M. Galles
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Can DAOs Revive Civil Society?
“New technology could help to revive America’s flagging civil society. DAOs significantly lower the costs of association, empowering individuals to create solutions to social problems free from governmental burdens.” ~ David Waugh & Robert E. Wright
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Weekly Initial Claims for Unemployment Benefits Rise for a Third Consecutive Week
“Weekly initial claims for unemployment benefits rose to a three-month high, possibly impacted by the recent surge in new Covid cases. Regardless, the labor market remains very tight.” ~ Robert Hughes
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A Deeper Dive into PIT’s Latest Passenger Numbers
“Billions of federal dollars have kept airports open and planes in the air with practically no airport layoffs when traffic was greatly depressed, producing enormous increased operations costs not borne by ticket prices.” ~ Colin McNickle
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2021 In 21 Numbers
“In retrospect, 2021 looks more and more like 1979. Here are 21 noteworthy data points–prices, percentages, dates and other forms of quantitative information–that highlight or exemplify certain developments in 2021, the second year of the pandemic.” ~ Peter C. Earle
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Housing Permits Were Hot in December but Rising Mortgage Rates May Cool Them Off
“Housing activity was solid in December. However, rising home prices and higher mortgage rates may be headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert Hughes
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•
Trade-Offs in Economics
“Real-world complications highlight the limits of applying the basic idea of trade-offs in economics, but even with these complications, understanding this one basic economic principle offers powerful insights into consumer choice, economic growth, and international trade.” ~ Robert F. Mulligan
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Politics is Dead. Now What?
“A revolution in entrepreneurship – subversive innovation – is the tip of the spear for societal change. Never forget that you are launching your attack from the highest moral high ground of all: consent. Your enemies will have to fight you from the low perch of compulsion.” ~ Max Borders
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Echoes of the Vietnam War: Journalists Begin To Take a Stand
“You can’t give the lie the same credence as the truth or you will hide in false equivalence and fail the public. Even journalists I know who are socially and politically conservative are signing on to the idea that they must take a stand for the truth.” ~ Llewellyn King
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•
Existing Home Sales Fell in December and Supply Remains Extremely Tight
“Existing-home sales fell sharply in December, but supply remains very tight. Shifting housing preferences and rising mortgage rates are likely to continue to impact demand over the coming months and quarters.” ~ Robert Hughes
-
•
Liberties Are Only Kept Safe by the Limitation of Government Power
“Richard Henry Lee’s generation had learned of the need to keep government within narrow limits, as there are very few areas in which it can advance our general welfare, as opposed to some Americans’ welfare at other Americans’ expense.” ~ Gary M. Galles
-
•
Can DAOs Revive Civil Society?
“New technology could help to revive America’s flagging civil society. DAOs significantly lower the costs of association, empowering individuals to create solutions to social problems free from governmental burdens.” ~ David Waugh & Robert E. Wright
-
•
Weekly Initial Claims for Unemployment Benefits Rise for a Third Consecutive Week
“Weekly initial claims for unemployment benefits rose to a three-month high, possibly impacted by the recent surge in new Covid cases. Regardless, the labor market remains very tight.” ~ Robert Hughes
-
•
A Deeper Dive into PIT’s Latest Passenger Numbers
“Billions of federal dollars have kept airports open and planes in the air with practically no airport layoffs when traffic was greatly depressed, producing enormous increased operations costs not borne by ticket prices.” ~ Colin McNickle
-
•
2021 In 21 Numbers
“In retrospect, 2021 looks more and more like 1979. Here are 21 noteworthy data points–prices, percentages, dates and other forms of quantitative information–that highlight or exemplify certain developments in 2021, the second year of the pandemic.” ~ Peter C. Earle
-
•
Housing Permits Were Hot in December but Rising Mortgage Rates May Cool Them Off
“Housing activity was solid in December. However, rising home prices and higher mortgage rates may be headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert Hughes
-
•
Trade-Offs in Economics
“Real-world complications highlight the limits of applying the basic idea of trade-offs in economics, but even with these complications, understanding this one basic economic principle offers powerful insights into consumer choice, economic growth, and international trade.” ~ Robert F. Mulligan
-
•
Politics is Dead. Now What?
“A revolution in entrepreneurship – subversive innovation – is the tip of the spear for societal change. Never forget that you are launching your attack from the highest moral high ground of all: consent. Your enemies will have to fight you from the low perch of compulsion.” ~ Max Borders
-
•
Echoes of the Vietnam War: Journalists Begin To Take a Stand
“You can’t give the lie the same credence as the truth or you will hide in false equivalence and fail the public. Even journalists I know who are socially and politically conservative are signing on to the idea that they must take a stand for the truth.” ~ Llewellyn King