Daily Economy
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Transferism, Not Socialism, Is the Drug Americans Are Hooked On
“We have polluted our political discourse with two words that no longer have much meaning: socialism and capitalism. In the process, we don’t call the animating principle of modern American politics what it actually is: transferism.” ~ James R. Harrigan & Antony Davies
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Remembering the Soviet Nightmare that Ended Thirty Years Ago
“It is crucial for the history of socialism-in-practice not to be forgotten and for it to be known to a new generation who have been fortunate enough not to live under its terrible reality of terror, tyranny, and social disaster. Otherwise, history may tragically repeat itself.” ~ Richard M. Ebeling
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Could Carbon Taxes Lose Us a Cold War with China?
“To draw the developing world from the clutches of China’s Communist Party, policy-makers must incorporate revenue neutrality into their carbon tax considerations, or else abandon the plan entirely.” ~ Connor Tomlinson
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New Single-Family Home Sales, Inventories, and Prices Rise in November
“New-home sales rose in November, but inventory also rose, and months’ supply remains relatively high. Rising prices, higher mortgage rates, and continued inventory build should lead to slower price increases.” ~ Robert Hughes
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Paul Heyne and the Trouble with Economists
“Economics is often a morality-free zone, and Paul Heyne shows why this is a mistake. In many ways, Heyne can be read as a plea to return to the oft-forgotten first half of Adam Smith.” ~ Nikolai G. Wenzel
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Tech and Aircraft Push Durable-Goods Orders Higher in November
“New orders for durable goods rose, hitting the second-highest level on record while core capital-goods orders were just below a record high. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes
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Weekly Initial Claims for Unemployment Benefits Hold at a Low Level
“Weekly initial claims for unemployment benefits are holding at an extremely low level. Labor shortages are likely to continue to hamper production across the economy, sustaining upward pressure on prices.” ~ Robert Hughes
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Talk by AIER Research Faculty Peter C. Earle at the 26th Annual “Fields on Wheels” Conference
“Now, and not when the Pi, Rho, Sigma, or Tau variants come along, is the time for social scientists to advise: ameliorating the snags and adverse consequences of policy when and where we can.” ~ Peter C. Earle
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How Threat-Free Are Americans from Covid-19? December 2021 Update
“The current risk approximated from the index is decidedly lower than what people have been made to believe. The risks from government tyranny excused by this belief are much, much higher.” ~ Jon Sanders
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•
Existing Home Sales Remained Strong in November Amid Tight Supply
“Existing-home sales rose in November and supply remains very tight. Shifting housing preferences are likely to continue to impact demand over coming months and quarters.” ~ Robert Hughes
-
•
Transferism, Not Socialism, Is the Drug Americans Are Hooked On
“We have polluted our political discourse with two words that no longer have much meaning: socialism and capitalism. In the process, we don’t call the animating principle of modern American politics what it actually is: transferism.” ~ James R. Harrigan & Antony Davies
-
•
Remembering the Soviet Nightmare that Ended Thirty Years Ago
“It is crucial for the history of socialism-in-practice not to be forgotten and for it to be known to a new generation who have been fortunate enough not to live under its terrible reality of terror, tyranny, and social disaster. Otherwise, history may tragically repeat itself.” ~ Richard M. Ebeling
-
•
Could Carbon Taxes Lose Us a Cold War with China?
“To draw the developing world from the clutches of China’s Communist Party, policy-makers must incorporate revenue neutrality into their carbon tax considerations, or else abandon the plan entirely.” ~ Connor Tomlinson
-
•
New Single-Family Home Sales, Inventories, and Prices Rise in November
“New-home sales rose in November, but inventory also rose, and months’ supply remains relatively high. Rising prices, higher mortgage rates, and continued inventory build should lead to slower price increases.” ~ Robert Hughes
-
•
Paul Heyne and the Trouble with Economists
“Economics is often a morality-free zone, and Paul Heyne shows why this is a mistake. In many ways, Heyne can be read as a plea to return to the oft-forgotten first half of Adam Smith.” ~ Nikolai G. Wenzel
-
•
Tech and Aircraft Push Durable-Goods Orders Higher in November
“New orders for durable goods rose, hitting the second-highest level on record while core capital-goods orders were just below a record high. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes
-
•
Weekly Initial Claims for Unemployment Benefits Hold at a Low Level
“Weekly initial claims for unemployment benefits are holding at an extremely low level. Labor shortages are likely to continue to hamper production across the economy, sustaining upward pressure on prices.” ~ Robert Hughes
-
•
Talk by AIER Research Faculty Peter C. Earle at the 26th Annual “Fields on Wheels” Conference
“Now, and not when the Pi, Rho, Sigma, or Tau variants come along, is the time for social scientists to advise: ameliorating the snags and adverse consequences of policy when and where we can.” ~ Peter C. Earle
-
•
How Threat-Free Are Americans from Covid-19? December 2021 Update
“The current risk approximated from the index is decidedly lower than what people have been made to believe. The risks from government tyranny excused by this belief are much, much higher.” ~ Jon Sanders
-
•
Existing Home Sales Remained Strong in November Amid Tight Supply
“Existing-home sales rose in November and supply remains very tight. Shifting housing preferences are likely to continue to impact demand over coming months and quarters.” ~ Robert Hughes