Daily Economy
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Unit Auto Sales Struggle as Shortages Continue
“Light-vehicle sales fell again in November, remaining well below the pre-pandemic range. Component shortages continue to disrupt production causing record low inventories and surging prices.” ~ Robert Hughes
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Weekly Initial Claims for Unemployment Benefits Rise Slightly but Remain Very Low
“Weekly initial claims for unemployment benefits rose slightly from a multidecade low in the prior week. Regardless, claims remain low and the labor market remains very tight.” ~ Robert Hughes
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The New Face of the French Right
“It is one thing to recognize this challenge, as Zemmour does, but the question is what to do? Is it even possible to retreat into nationalism without cutting yourself off from the emerging global economy and society?” ~ Clifford F. Thies
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Strong Demand Continues for the Manufacturing Sector
“Demand for manufactured goods remained very strong in November. Labor difficulties, materials shortages, and logistical issues continue to restrain supply and pressure prices, but there may be early hints of progress on some issues.” ~ Robert Hughes
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Why China Behaves the Way it Does, and What to Do About It
“China is a complex challenge, not an unstoppable enemy. Instead of responding with fear, Americans should have confidence in themselves and the free society, however imperfect, which they have created.” ~ Doug Bandow
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Fixing Food: An FDA Insider Unravels the Myths and the Solutions
“It’s time to readjust our perspectives on food and our misconceptions about the FDA. Just because one approach worked in 1906 for addressing different problems doesn’t mean that those same approaches will work today.” ~ Richard A. Williams
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How the ‘The Ant and the Grasshopper’ Fable Reveals the Folly of Student Loan Forgiveness
“Today, instead of Aesop Fables, we have Government Fables. One of these Government Fables, College Debt Forgiveness, closely parallels the Ant and the Grasshopper but with a perverted moral.” ~ Michael Heberling
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Consumer Confidence Edged Lower in November
“Consumer attitudes fell back slightly as inflation fears continued to mount and new waves of Covid cases unsettled consumers. Continued expansion remains the likely course, but threats remain elevated.” ~ Robert Hughes
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•
The Long Cycles in Markets and Political Order
“I found Dalio’s thesis much more persuasive than I had anticipated: some historical patterns are real, wave-like, and operate over long horizons. With skill, data, and humility, we can uncover the likely prospects for our own times.” ~ Joakim Book
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New Senate Antitrust Proposal Empowers Radical Bureaucratic Overreach
“To protect our free markets, we should not be giving government overreach that much more of a chance to succeed. That’s simply falling into the pro-government trap.” ~ Kir Nuthi
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•
Unit Auto Sales Struggle as Shortages Continue
“Light-vehicle sales fell again in November, remaining well below the pre-pandemic range. Component shortages continue to disrupt production causing record low inventories and surging prices.” ~ Robert Hughes
-
•
Weekly Initial Claims for Unemployment Benefits Rise Slightly but Remain Very Low
“Weekly initial claims for unemployment benefits rose slightly from a multidecade low in the prior week. Regardless, claims remain low and the labor market remains very tight.” ~ Robert Hughes
-
•
The New Face of the French Right
“It is one thing to recognize this challenge, as Zemmour does, but the question is what to do? Is it even possible to retreat into nationalism without cutting yourself off from the emerging global economy and society?” ~ Clifford F. Thies
-
•
Strong Demand Continues for the Manufacturing Sector
“Demand for manufactured goods remained very strong in November. Labor difficulties, materials shortages, and logistical issues continue to restrain supply and pressure prices, but there may be early hints of progress on some issues.” ~ Robert Hughes
-
•
Why China Behaves the Way it Does, and What to Do About It
“China is a complex challenge, not an unstoppable enemy. Instead of responding with fear, Americans should have confidence in themselves and the free society, however imperfect, which they have created.” ~ Doug Bandow
-
•
Fixing Food: An FDA Insider Unravels the Myths and the Solutions
“It’s time to readjust our perspectives on food and our misconceptions about the FDA. Just because one approach worked in 1906 for addressing different problems doesn’t mean that those same approaches will work today.” ~ Richard A. Williams
-
•
How the ‘The Ant and the Grasshopper’ Fable Reveals the Folly of Student Loan Forgiveness
“Today, instead of Aesop Fables, we have Government Fables. One of these Government Fables, College Debt Forgiveness, closely parallels the Ant and the Grasshopper but with a perverted moral.” ~ Michael Heberling
-
•
Consumer Confidence Edged Lower in November
“Consumer attitudes fell back slightly as inflation fears continued to mount and new waves of Covid cases unsettled consumers. Continued expansion remains the likely course, but threats remain elevated.” ~ Robert Hughes
-
•
The Long Cycles in Markets and Political Order
“I found Dalio’s thesis much more persuasive than I had anticipated: some historical patterns are real, wave-like, and operate over long horizons. With skill, data, and humility, we can uncover the likely prospects for our own times.” ~ Joakim Book
-
•
New Senate Antitrust Proposal Empowers Radical Bureaucratic Overreach
“To protect our free markets, we should not be giving government overreach that much more of a chance to succeed. That’s simply falling into the pro-government trap.” ~ Kir Nuthi