Daily Economy
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Carl Menger’s Free Market Advice to an Austrian Crown Prince
“The underlying ideas for a limited government under classical liberal principles of personal freedom and economic liberty remain as relevant today as when Carl Menger delivered those lectures in 1876.” ~ Richard M. Ebeling
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Consumer Sentiment Rebounded Slightly in Early December
“Consumer sentiment rebounded in early December but remains depressed. Consumers are concerned about rising prices for many consumer goods and the impact of rising prices on future inflation-adjusted incomes.” ~ Robert Hughes
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Energy Pros Dismiss Liz Warren’s Complaints: ‘It’s Econ 101, Not Rocket Science’
“In Warren’s home state of Massachusetts, policies blocking the expansion of natural gas pipelines have resulted in Russian LNG tankers in Boston Harbor bringing fuel to the Bay State.” ~ Chris Woodward
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The Unfolding Tragedy In Turkey Underscores Preeminence of Currency Policy
“Hedging can mitigate currency lurches, but it can’t reverse the initial theft. Currency policy rates top-of-the-pyramid attention, but doesn’t get it. Turkey’s struggles remind us of currency policy’s preeminence.” ~ John Tamny
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How Do the Feds Get Away with That?
“Purchasing Submission is a brilliant lawyerly attack on a grave and ongoing problem. Hamburger’s thoughtful analysis will no doubt help future litigants prepare their strongest cases against it.” ~ George Leef
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The 1619 Project Means Never Having to Say You’re Sorry
“Rather than following the evidence where it leads, Hannah-Jones picks and chooses bits and pieces of her arguments from a secondary literature based on whether it conforms to her preconceived political narrative.” ~ Phillip W. Magness
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The Shady Side of Student Loan Forgiveness
“There are better solutions to address this debt than pushing the burden into taxpayers through loan forgiveness schemes. Instead, policymakers should address the rapidly rising costs of college by closing the loopholes within Borrower to Defense Repayment.” ~ Elizabeth Hicks
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“Free” Sugar Protectionism Is Not As Sweet As It Sounds
“It is past time for Americans to think carefully enough to see through the sugar lobby’s flimsy smokescreens, and demand an end to this inefficient, inequitable and regressive program that raises food prices across a wide spectrum.” ~ Gary M. Galles
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Bob Dole, a Remembrance
“In accepting the Republican nomination, Dole teared up thinking of the time his father visited him at a veterans’ hospital in Detroit, while he was recovering from his wounds. But, the tear was held back. Always a warrior, there was no defeat in this man.” ~ Clifford F. Theis
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Weekly Initial Claims for Unemployment Benefits Fall to the Lowest Level Since 1969
“Weekly initial claims for unemployment benefits fell to a multidecade low. Combined with a 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” ~ Robert Hughes
-
•
Carl Menger’s Free Market Advice to an Austrian Crown Prince
“The underlying ideas for a limited government under classical liberal principles of personal freedom and economic liberty remain as relevant today as when Carl Menger delivered those lectures in 1876.” ~ Richard M. Ebeling
-
•
Consumer Sentiment Rebounded Slightly in Early December
“Consumer sentiment rebounded in early December but remains depressed. Consumers are concerned about rising prices for many consumer goods and the impact of rising prices on future inflation-adjusted incomes.” ~ Robert Hughes
-
•
Energy Pros Dismiss Liz Warren’s Complaints: ‘It’s Econ 101, Not Rocket Science’
“In Warren’s home state of Massachusetts, policies blocking the expansion of natural gas pipelines have resulted in Russian LNG tankers in Boston Harbor bringing fuel to the Bay State.” ~ Chris Woodward
-
•
The Unfolding Tragedy In Turkey Underscores Preeminence of Currency Policy
“Hedging can mitigate currency lurches, but it can’t reverse the initial theft. Currency policy rates top-of-the-pyramid attention, but doesn’t get it. Turkey’s struggles remind us of currency policy’s preeminence.” ~ John Tamny
-
•
How Do the Feds Get Away with That?
“Purchasing Submission is a brilliant lawyerly attack on a grave and ongoing problem. Hamburger’s thoughtful analysis will no doubt help future litigants prepare their strongest cases against it.” ~ George Leef
-
•
The 1619 Project Means Never Having to Say You’re Sorry
“Rather than following the evidence where it leads, Hannah-Jones picks and chooses bits and pieces of her arguments from a secondary literature based on whether it conforms to her preconceived political narrative.” ~ Phillip W. Magness
-
•
The Shady Side of Student Loan Forgiveness
“There are better solutions to address this debt than pushing the burden into taxpayers through loan forgiveness schemes. Instead, policymakers should address the rapidly rising costs of college by closing the loopholes within Borrower to Defense Repayment.” ~ Elizabeth Hicks
-
•
“Free” Sugar Protectionism Is Not As Sweet As It Sounds
“It is past time for Americans to think carefully enough to see through the sugar lobby’s flimsy smokescreens, and demand an end to this inefficient, inequitable and regressive program that raises food prices across a wide spectrum.” ~ Gary M. Galles
-
•
Bob Dole, a Remembrance
“In accepting the Republican nomination, Dole teared up thinking of the time his father visited him at a veterans’ hospital in Detroit, while he was recovering from his wounds. But, the tear was held back. Always a warrior, there was no defeat in this man.” ~ Clifford F. Theis
-
•
Weekly Initial Claims for Unemployment Benefits Fall to the Lowest Level Since 1969
“Weekly initial claims for unemployment benefits fell to a multidecade low. Combined with a 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” ~ Robert Hughes