Daily Economy
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The Lumber Market Crash
“Unfortunately, carefully considering trade-offs remains alien to the calculus of public officials. From utter scarcity to crushing abundance in less than 100 days, the lumber epic is entering a new phase.” ~ Peter C. Earle
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University Caves On Vaccine Lawsuit But Questions Remain
“The parties resolved the case without a trial, which means that pressing legal questions never stood the test of litigation. Thus, the contest between individual rights and limited government on the one hand and public health discretion on the other still rages.” ~ Ethan Yang
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Monetary Institutions and Monetary Control: What the Fed Should and Shouldn’t Do
“Professors Boettke, Salter, and Smith take aim at the root of monetary policy of our time; finding it deeply deficient, they recommend putting central banks under very strict rules. Bring on the fetters.” ~ Joakim Book
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A Letter from the Editor
“So join us, starting tomorrow, for what comes next from Great Barrington and AIER. It is my honor to help steer this wonderful ship, and I look forward to sharing our content with all of you.” ~ James R. Harrigan
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Existing Single-Family Home Sales Rose in July but Condo Sales Fell
“Existing-home sales and inventories rose slightly in July as high prices and shifting housing preferences weigh on the recent pace of activity.” – Robert Hughes
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Lockdown DIY Injuries: A Lagging Indicator?
“The trade-offs of avoiding care for physical injuries in lieu of exposure to Covid are questionable at best, and like other effects of pandemic policies may balloon in the coming years and decades.” ~ Peter C. Earle & Jessica Rood
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Corridor Versus Floor Operating Systems
“Although the Fed’s and the banks’ balance sheets have ballooned since the Great Recession, these reserves are less leveraged than they had been under the corridor system, because the IORB interest rate enables banks to earn income without lending.” ~ Robert F. Mulligan
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The Impracticality of Immigration Restrictions During a Pandemic
“If we really want to increase legal immigration — as most would agree — we must ease the immigration process by signaling to potential arrivals not only that they can get in line, but that one exists in the first place.” ~ Michael N. Peterson
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Book Review: Mark Spitznagel’s Truly Spectacular ‘Safe Haven’
“Mark Spitznagel certainly is not captive to convention, which is why Safe Haven is such a joy. To the author, ‘becoming conventional is self-defeating in this business.’ Amen to that. The world needs more people like Spitznagel, and more books like the one he’s written.” ~ John Tamny
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Engage Rather Than Sanction the Cuban People
“Washington should stop punishing the very people the Cuban government is oppressing. One frustrated Cuban told me that ‘We need the Americans back.’ President Biden, let the American people go!” ~ Doug Bandow
-
•
The Lumber Market Crash
“Unfortunately, carefully considering trade-offs remains alien to the calculus of public officials. From utter scarcity to crushing abundance in less than 100 days, the lumber epic is entering a new phase.” ~ Peter C. Earle
-
•
University Caves On Vaccine Lawsuit But Questions Remain
“The parties resolved the case without a trial, which means that pressing legal questions never stood the test of litigation. Thus, the contest between individual rights and limited government on the one hand and public health discretion on the other still rages.” ~ Ethan Yang
-
•
Monetary Institutions and Monetary Control: What the Fed Should and Shouldn’t Do
“Professors Boettke, Salter, and Smith take aim at the root of monetary policy of our time; finding it deeply deficient, they recommend putting central banks under very strict rules. Bring on the fetters.” ~ Joakim Book
-
•
A Letter from the Editor
“So join us, starting tomorrow, for what comes next from Great Barrington and AIER. It is my honor to help steer this wonderful ship, and I look forward to sharing our content with all of you.” ~ James R. Harrigan
-
•
Existing Single-Family Home Sales Rose in July but Condo Sales Fell
“Existing-home sales and inventories rose slightly in July as high prices and shifting housing preferences weigh on the recent pace of activity.” – Robert Hughes
-
•
Lockdown DIY Injuries: A Lagging Indicator?
“The trade-offs of avoiding care for physical injuries in lieu of exposure to Covid are questionable at best, and like other effects of pandemic policies may balloon in the coming years and decades.” ~ Peter C. Earle & Jessica Rood
-
•
Corridor Versus Floor Operating Systems
“Although the Fed’s and the banks’ balance sheets have ballooned since the Great Recession, these reserves are less leveraged than they had been under the corridor system, because the IORB interest rate enables banks to earn income without lending.” ~ Robert F. Mulligan
-
•
The Impracticality of Immigration Restrictions During a Pandemic
“If we really want to increase legal immigration — as most would agree — we must ease the immigration process by signaling to potential arrivals not only that they can get in line, but that one exists in the first place.” ~ Michael N. Peterson
-
•
Book Review: Mark Spitznagel’s Truly Spectacular ‘Safe Haven’
“Mark Spitznagel certainly is not captive to convention, which is why Safe Haven is such a joy. To the author, ‘becoming conventional is self-defeating in this business.’ Amen to that. The world needs more people like Spitznagel, and more books like the one he’s written.” ~ John Tamny
-
•
Engage Rather Than Sanction the Cuban People
“Washington should stop punishing the very people the Cuban government is oppressing. One frustrated Cuban told me that ‘We need the Americans back.’ President Biden, let the American people go!” ~ Doug Bandow