Daily Economy
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Fading Covid Boosts Consumer Confidence in October
“Consumer attitudes recovered slightly as new Covid cases decline, supporting a more positive economic outlook. However, the psychology of rising inflation expectations remains a threat.” – Robert Hughes
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Core Capital-Goods Orders Suggest Business Investment Remains Robust
“New orders for core capital goods rose again, hitting another new high. Continued strength for business investment is a positive sign for the economic outlook.” – Robert Hughes
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We at 100: The Case for Liberty
“Yet Zamyatin leaves readers with hope, as valuable now as it was in 1921. As I-330 says, there is no final number, so ‘how can there be a final revolution? There is no final one. The number of revolutions is infinite.’ Even when liberty seems most at risk, it is never truly lost.” ~ Caroline…
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Why Bother?
“Apparently, when it comes to maintaining peaceful relations with all, as Adam Smith, Alexander Hamilton, and scads of other political economists have advised, Uncle Sam has only one thing to say: Why bother?” ~ Robert E. Wright
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New Single-Family Home Sales Rose in September as Prices Continue to Surge
“New-home sales rose in September while inventory held steady. Rising prices will likely continue to force some buyers out of the market, leading to additional inventory build and slower price increases.” – Robert Hughes
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What Progressives Miss in the Bitcoin Energy Debate
“If progressives such as Elizabeth Warren extended their publicly held values of ‘fearless consumer advocacy’ to also apply to those outside the western world, they would see the value of Bitcoin.” ~ David Waugh
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Limited Government and Money: A Review of Money and the Rule of Law
“Truly limited government involves limiting the discretion of the Federal Reserve. A solution involves imposing binding rules on both the Fed and Congress. The rules must specifically restrict the creation of ‘liquidity and credit except in specific ways that are general, predictable, and robust.'” ~ Daniel Sutter
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All Value Is Subjective, and That’s a Good Thing
“If anything had intrinsic value, we could only either exchange it for a price precisely matching that value, with neither of us becoming better off, or exchange it for a price different from its ‘true’ value, with one person ending up worse off because of the exchange.” ~ James E. Hanley
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The Semantic Revolution
“Our decisions on semantics express broader moral and political sensibilities. On my semantics, the revolutions of 1848 were not liberal. Nor, overall, was the revolution of 1789. As Edmund Burke put it in 1790: ‘Their liberty is not liberal.'” ~ Daniel B. Klein
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Why Government Cover-Ups Succeed
“The mere fact that Biden is not Donald Trump will likely continue to give him a free pass from the media for at least another six months. Or maybe cold, hard reality will never catch up with the most media-beloved president since Barack Obama.” ~ James Bovard
-
•
Fading Covid Boosts Consumer Confidence in October
“Consumer attitudes recovered slightly as new Covid cases decline, supporting a more positive economic outlook. However, the psychology of rising inflation expectations remains a threat.” – Robert Hughes
-
•
Core Capital-Goods Orders Suggest Business Investment Remains Robust
“New orders for core capital goods rose again, hitting another new high. Continued strength for business investment is a positive sign for the economic outlook.” – Robert Hughes
-
•
We at 100: The Case for Liberty
“Yet Zamyatin leaves readers with hope, as valuable now as it was in 1921. As I-330 says, there is no final number, so ‘how can there be a final revolution? There is no final one. The number of revolutions is infinite.’ Even when liberty seems most at risk, it is never truly lost.” ~ Caroline…
-
•
Why Bother?
“Apparently, when it comes to maintaining peaceful relations with all, as Adam Smith, Alexander Hamilton, and scads of other political economists have advised, Uncle Sam has only one thing to say: Why bother?” ~ Robert E. Wright
-
•
New Single-Family Home Sales Rose in September as Prices Continue to Surge
“New-home sales rose in September while inventory held steady. Rising prices will likely continue to force some buyers out of the market, leading to additional inventory build and slower price increases.” – Robert Hughes
-
•
What Progressives Miss in the Bitcoin Energy Debate
“If progressives such as Elizabeth Warren extended their publicly held values of ‘fearless consumer advocacy’ to also apply to those outside the western world, they would see the value of Bitcoin.” ~ David Waugh
-
•
Limited Government and Money: A Review of Money and the Rule of Law
“Truly limited government involves limiting the discretion of the Federal Reserve. A solution involves imposing binding rules on both the Fed and Congress. The rules must specifically restrict the creation of ‘liquidity and credit except in specific ways that are general, predictable, and robust.'” ~ Daniel Sutter
-
•
All Value Is Subjective, and That’s a Good Thing
“If anything had intrinsic value, we could only either exchange it for a price precisely matching that value, with neither of us becoming better off, or exchange it for a price different from its ‘true’ value, with one person ending up worse off because of the exchange.” ~ James E. Hanley
-
•
The Semantic Revolution
“Our decisions on semantics express broader moral and political sensibilities. On my semantics, the revolutions of 1848 were not liberal. Nor, overall, was the revolution of 1789. As Edmund Burke put it in 1790: ‘Their liberty is not liberal.'” ~ Daniel B. Klein
-
•
Why Government Cover-Ups Succeed
“The mere fact that Biden is not Donald Trump will likely continue to give him a free pass from the media for at least another six months. Or maybe cold, hard reality will never catch up with the most media-beloved president since Barack Obama.” ~ James Bovard