Daily Economy
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The Tigray War and the National Interests of Ethiopia and the United States
“Voluntary exchange is the path to wealth. War and predation are the paths to poverty and perdition. The peoples of Ethiopia must choose, for no one else can generate the energy and creativity to bring these peoples peace and prosperity.” ~ Todd Myers
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More Wetlands Purgatory for American Landowners
“Nobody in Washington has cared enough to slay the hydra. Wetlands policy vivifies how the Fifth Amendment’s proviso that property cannot be taken ‘without due process of law’ is void when bureaucrats are unleashed.” ~ James Bovard
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Covid Resurgence Hurts Recovery in Employment
“Payrolls posted a disappointing gain in August as new Covid cases surge. The outlook is for continued recovery but the threats and headwinds to growth have increased substantially.” – Robert Hughes
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The Sunk Cost Fallacy in the War on Terror
“A sunk cost is an outlay (monetary or otherwise) that cannot be recouped once made. In economics, we teach our students that sunk costs should not factor into our decision-making.” ~ Abigail R. Hall Blanco
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What Can We Lose To China By Isolating Afghanistan?
“Although the United States may be withdrawing its military, continued engagement through diplomatic and economic means could go a long way in mitigating an already tragic situation.” ~ Ethan Yang
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Why Almost Nobody Knows Anything about Critical Race Theory
“If we were to dig deeper, a look at biases in human reasoning would provide us with a richer understanding of the costs of sincerely trying to understand CRT and how it is or is not appropriately used at various levels of education.” ~ James E. Hanley
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Unit Auto Sales Fell Again in August as Shortages Drive Inventory Down and Prices Up
“Light-vehicle sales fell for a fourth consecutive month in August, falling farther below the recent typical range. Component shortages continue to disrupt production causing inventories to plunge and prices to surge.” – Robert Hughes
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Lessons from the Financial Instability Hypothesis
“The Covid-19 recession was not triggered by financial causes, but the ballooning government debt the U.S. is currently pursuing, recklessly and with a vengeance, can only substitute a new unsustainable expansion for a sustainable recovery.” ~ Robert F. Mulligan
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Weekly Initial Claims for Unemployment Benefits Appear to be Trending Lower Again
“Weekly initial claims for unemployment benefits fell for the fifth time in the last six weeks, hitting the lowest level of the pandemic though continuing claims ticked up. A tight labor market and a record number of open jobs should help drive initial claims lower, but rising Covid cases remain a threat to the outlook.”…
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98% Propaganda
“Authoritarianism indoctrinates its votaries and buffaloes others into a false and oversimplified worldview, in which the only important factor is vaccination. But the causes of hospitalization and death are multifarious.” ~ Daniel B. Klein
-
•
The Tigray War and the National Interests of Ethiopia and the United States
“Voluntary exchange is the path to wealth. War and predation are the paths to poverty and perdition. The peoples of Ethiopia must choose, for no one else can generate the energy and creativity to bring these peoples peace and prosperity.” ~ Todd Myers
-
•
More Wetlands Purgatory for American Landowners
“Nobody in Washington has cared enough to slay the hydra. Wetlands policy vivifies how the Fifth Amendment’s proviso that property cannot be taken ‘without due process of law’ is void when bureaucrats are unleashed.” ~ James Bovard
-
•
Covid Resurgence Hurts Recovery in Employment
“Payrolls posted a disappointing gain in August as new Covid cases surge. The outlook is for continued recovery but the threats and headwinds to growth have increased substantially.” – Robert Hughes
-
•
The Sunk Cost Fallacy in the War on Terror
“A sunk cost is an outlay (monetary or otherwise) that cannot be recouped once made. In economics, we teach our students that sunk costs should not factor into our decision-making.” ~ Abigail R. Hall Blanco
-
•
What Can We Lose To China By Isolating Afghanistan?
“Although the United States may be withdrawing its military, continued engagement through diplomatic and economic means could go a long way in mitigating an already tragic situation.” ~ Ethan Yang
-
•
Why Almost Nobody Knows Anything about Critical Race Theory
“If we were to dig deeper, a look at biases in human reasoning would provide us with a richer understanding of the costs of sincerely trying to understand CRT and how it is or is not appropriately used at various levels of education.” ~ James E. Hanley
-
•
Unit Auto Sales Fell Again in August as Shortages Drive Inventory Down and Prices Up
“Light-vehicle sales fell for a fourth consecutive month in August, falling farther below the recent typical range. Component shortages continue to disrupt production causing inventories to plunge and prices to surge.” – Robert Hughes
-
•
Lessons from the Financial Instability Hypothesis
“The Covid-19 recession was not triggered by financial causes, but the ballooning government debt the U.S. is currently pursuing, recklessly and with a vengeance, can only substitute a new unsustainable expansion for a sustainable recovery.” ~ Robert F. Mulligan
-
•
Weekly Initial Claims for Unemployment Benefits Appear to be Trending Lower Again
“Weekly initial claims for unemployment benefits fell for the fifth time in the last six weeks, hitting the lowest level of the pandemic though continuing claims ticked up. A tight labor market and a record number of open jobs should help drive initial claims lower, but rising Covid cases remain a threat to the outlook.”…
-
•
98% Propaganda
“Authoritarianism indoctrinates its votaries and buffaloes others into a false and oversimplified worldview, in which the only important factor is vaccination. But the causes of hospitalization and death are multifarious.” ~ Daniel B. Klein