Daily Economy
-
•
Consumer Sentiment Improved in September but Remains Low
“Consumer sentiment remained weak in September as consumers react to Covid and high prices. The survey results suggest continued risks to the economic outlook.” – Robert Hughes
-
•
China As Excuse: Special Interests Mulct Americans in the Name of Battling Modern “Yellow Peril”
“The US should not use the specter of China as an excuse to further bloat Uncle Sam’s budget, imitating Beijing’s worst policies in the bargain. America will win the intensifying competition by relying on its historic strengths rather than aping China’s statist strategies.” ~ Doug Bandow
-
•
People Have Few Protections Against Law Enforcement Civil Asset Forfeiture Practices
“It doesn’t have to be this way. A few states – Maine, Nebraska, North Carolina, and New Mexico – have abolished civil forfeiture entirely. Perhaps more states will someday pass reforms to protect the property of their citizens.” ~ Dan Greenberg
-
•
As China Celebrates a Birthday, Hong Kong Has a Funeral
“The Chinese government seems much more interested in punishing the Hong Kongese for their truculence, rather than including them as full citizens. So every year China celebrates National Day. And every year we mourn the loss of a free Hong Kong.” ~ Robert Anthony Peters
-
•
Poverty Isn’t Just About Money: Expanding the Child Tax Credit
“The truth is that no country ever got out of poverty because of income redistribution. If such ‘redistribution’ could deliver such a happy outcome, the U.S. should have no child poverty at all.” ~ Veronique de Rugy
-
•
Fumento Misdiagnoses Remdesivir
“Remdesivir gives a story of the triumph of innovation during a difficult period. The lesson we should take away is not ‘Do something, anything,’ it is to get government out of the way so we can find solutions.” ~ Raymond J. March
-
•
Weekly Initial Claims for Unemployment Benefits Rose for the Third Consecutive Week
“Weekly initial claims for unemployment benefits rose for a third consecutive week, likely a result of the recent surge in new Covid cases. Federal continuing claims plunged as two pandemic programs saw steep declines.” – Robert Hughes
-
•
The “Fortune of the Commons”: Why Are There Still Blueberries in the Fields?
“Sometimes the supposedly inevitable tragedy-of-the-commons can, with prosperity and economic growth, be turned on its head to become the Fortune of the Commons.” ~ Joakim Book
-
•
Biden’s Demagoguery that Government Spending is Costless
“President Biden’s demagoguery, arrogant impatience, and dictatorial manner do not and cannot change reality. At the end of the day, his policies can only lead to a financial and economic disaster.” ~ Richard M. Ebeling
-
•
Evergrande Is Not A ‘Systemic Risk.’ Politicians Are The Only Risk To The ‘System’
“Let’s hope that Chinese government officials prove wiser than American politicians, pundits, and economists who to this day think 2008 was caused by the failure of a few financial institutions. This wholly mistaken view remains the only ‘systemic risk’ in the ‘system’ that is the U.S. economy.” ~ John Tamny
-
•
Consumer Sentiment Improved in September but Remains Low
“Consumer sentiment remained weak in September as consumers react to Covid and high prices. The survey results suggest continued risks to the economic outlook.” – Robert Hughes
-
•
China As Excuse: Special Interests Mulct Americans in the Name of Battling Modern “Yellow Peril”
“The US should not use the specter of China as an excuse to further bloat Uncle Sam’s budget, imitating Beijing’s worst policies in the bargain. America will win the intensifying competition by relying on its historic strengths rather than aping China’s statist strategies.” ~ Doug Bandow
-
•
People Have Few Protections Against Law Enforcement Civil Asset Forfeiture Practices
“It doesn’t have to be this way. A few states – Maine, Nebraska, North Carolina, and New Mexico – have abolished civil forfeiture entirely. Perhaps more states will someday pass reforms to protect the property of their citizens.” ~ Dan Greenberg
-
•
As China Celebrates a Birthday, Hong Kong Has a Funeral
“The Chinese government seems much more interested in punishing the Hong Kongese for their truculence, rather than including them as full citizens. So every year China celebrates National Day. And every year we mourn the loss of a free Hong Kong.” ~ Robert Anthony Peters
-
•
Poverty Isn’t Just About Money: Expanding the Child Tax Credit
“The truth is that no country ever got out of poverty because of income redistribution. If such ‘redistribution’ could deliver such a happy outcome, the U.S. should have no child poverty at all.” ~ Veronique de Rugy
-
•
Fumento Misdiagnoses Remdesivir
“Remdesivir gives a story of the triumph of innovation during a difficult period. The lesson we should take away is not ‘Do something, anything,’ it is to get government out of the way so we can find solutions.” ~ Raymond J. March
-
•
Weekly Initial Claims for Unemployment Benefits Rose for the Third Consecutive Week
“Weekly initial claims for unemployment benefits rose for a third consecutive week, likely a result of the recent surge in new Covid cases. Federal continuing claims plunged as two pandemic programs saw steep declines.” – Robert Hughes
-
•
The “Fortune of the Commons”: Why Are There Still Blueberries in the Fields?
“Sometimes the supposedly inevitable tragedy-of-the-commons can, with prosperity and economic growth, be turned on its head to become the Fortune of the Commons.” ~ Joakim Book
-
•
Biden’s Demagoguery that Government Spending is Costless
“President Biden’s demagoguery, arrogant impatience, and dictatorial manner do not and cannot change reality. At the end of the day, his policies can only lead to a financial and economic disaster.” ~ Richard M. Ebeling
-
•
Evergrande Is Not A ‘Systemic Risk.’ Politicians Are The Only Risk To The ‘System’
“Let’s hope that Chinese government officials prove wiser than American politicians, pundits, and economists who to this day think 2008 was caused by the failure of a few financial institutions. This wholly mistaken view remains the only ‘systemic risk’ in the ‘system’ that is the U.S. economy.” ~ John Tamny