Daily Economy
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A Conflict of Visions within Conservatism
“The real lesson from this conference was how conservatives cannot hope to reconsider their views on political economy while held hostage to a possible Trump 2024 candidacy.” ~ James M. Patterson
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Weekly Initial Claims for Unemployment Benefits Ticked Up but Remain Very Low
“Weekly initial claims for unemployment benefits rose slightly from a multidecade low though the four-week average continued to trend lower. Combined with a near-record number of open jobs, the data show the labor market remains extremely tight. Labor shortages are likely to continue to hamper production across the economy, sustaining upward pressure on prices.” ~…
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Disrupting the Five Temples of Power
“Yes, there will be setbacks. And things are likely to get worse before they get better. But the Decentralist revolution is a djinn, and Satoshi Nakamoto opened the bottle back in 2009.” ~ Max Borders
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Retail Spending Posted a Modest Gain in November
“Retail sales rose in November, hitting another record high and sustaining upward pressure on prices. However, there may be early signs of easing pressures in the not-too-distant future.” ~ Robert Hughes
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Covid-19 Economic Zombification
“Markets are now extremely complacent. Zombie companies, which were already a problem in 2019, have not been killed off; indeed they have multiplied. The zombie apocalypse could be closer than we imagine.” ~ Daniel Fernández
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On Hayek’s “Kinds of Order in Society,” Part II
“There are two kinds of order in society. It’s time we stopped glorifying and overestimating one, and ignoring the reality, or discounting the marvels, of the other.” ~ Donald J. Boudreaux
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AIER Welcomes Will Ruger
“’I would like to welcome William to AIER and look forward to his stewardship of the institute in the years to come,’ said Gregory van Kipnis, Chairman of the Board of Trustees at AIER.” ~ AIER
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Sick? Semper Tyrannus
“Two things stand out amid this worldwide overreaction: how quick and blithe government officials were in reaching for tyrannical controls this time, and how unscientific their overreaction has been.” ~ Jon Sanders
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The Build Back Better Act Would Seriously Harm the Generic Drug Industry
“The provisions of H.R. 3 being included in the BBBA will only make matters worse, fail to fix the underlying conditions that have distorted the marketplace, and devastate America’s robust and competitive biopharmaceutical marketplace.” ~ Elizabeth Wright
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Stuck in Neutral: Trucking And the Pandemic
“Omicron is upon us and a Pi variant is coming, heedless of science or superstition. It would be best for the US, Canada, and the rest of the world to face the coming waves with robust, unfettered trade in operation.” ~ Peter C. Earle
-
•
A Conflict of Visions within Conservatism
“The real lesson from this conference was how conservatives cannot hope to reconsider their views on political economy while held hostage to a possible Trump 2024 candidacy.” ~ James M. Patterson
-
•
Weekly Initial Claims for Unemployment Benefits Ticked Up but Remain Very Low
“Weekly initial claims for unemployment benefits rose slightly from a multidecade low though the four-week average continued to trend lower. Combined with a near-record number of open jobs, the data show the labor market remains extremely tight. Labor shortages are likely to continue to hamper production across the economy, sustaining upward pressure on prices.” ~…
-
•
Disrupting the Five Temples of Power
“Yes, there will be setbacks. And things are likely to get worse before they get better. But the Decentralist revolution is a djinn, and Satoshi Nakamoto opened the bottle back in 2009.” ~ Max Borders
-
•
Retail Spending Posted a Modest Gain in November
“Retail sales rose in November, hitting another record high and sustaining upward pressure on prices. However, there may be early signs of easing pressures in the not-too-distant future.” ~ Robert Hughes
-
•
Covid-19 Economic Zombification
“Markets are now extremely complacent. Zombie companies, which were already a problem in 2019, have not been killed off; indeed they have multiplied. The zombie apocalypse could be closer than we imagine.” ~ Daniel Fernández
-
•
On Hayek’s “Kinds of Order in Society,” Part II
“There are two kinds of order in society. It’s time we stopped glorifying and overestimating one, and ignoring the reality, or discounting the marvels, of the other.” ~ Donald J. Boudreaux
-
•
AIER Welcomes Will Ruger
“’I would like to welcome William to AIER and look forward to his stewardship of the institute in the years to come,’ said Gregory van Kipnis, Chairman of the Board of Trustees at AIER.” ~ AIER
-
•
Sick? Semper Tyrannus
“Two things stand out amid this worldwide overreaction: how quick and blithe government officials were in reaching for tyrannical controls this time, and how unscientific their overreaction has been.” ~ Jon Sanders
-
•
The Build Back Better Act Would Seriously Harm the Generic Drug Industry
“The provisions of H.R. 3 being included in the BBBA will only make matters worse, fail to fix the underlying conditions that have distorted the marketplace, and devastate America’s robust and competitive biopharmaceutical marketplace.” ~ Elizabeth Wright
-
•
Stuck in Neutral: Trucking And the Pandemic
“Omicron is upon us and a Pi variant is coming, heedless of science or superstition. It would be best for the US, Canada, and the rest of the world to face the coming waves with robust, unfettered trade in operation.” ~ Peter C. Earle