Daily Economy
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Total and Core Retail Sales Fell in July
“Retail sales fell in July and the trend over the last three months is noticeably weaker. Continued recovery in the labor market and gains in wages are needed to support retail sales growth.” – Robert Hughes
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How Societies Save For an Uncertain Future
“This is the problem that all societies have tried to overcome – moving value through time and ensuring our individual livelihood when we’re too old to produce the value that sustains us.” ~ Joakim Book
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Spencer Roane, Enduring Paladin of States’ Rights
“Roane believed that it was imprudent to limit judicial review to one institution because ‘all history teaches’ that ‘power is an encroaching thing, and that all men who possess it, will feel it and forget right.'” ~ Robert E. Wright
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Are Big Companies Ripping Us Off?
“Politicians who benefit by pretending to ameliorate even the most minor complaints take action, regulate voluntary transactions, and affect how gains from trade can be distributed or even occur.” ~ Anthony Gill
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The Soviet Union Is Gone, but the Young Yearn for Socialism
“If neither knowledge of, nor appropriate lessons from the reality of socialism-in-practice over the last one hundred years are learned, we may very well be condemned to repeat the past with all of its social, economic, and politically damaging consequences.” ~ Richard M. Ebeling
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Teaching Introductory Economics
“Economics supplies indispensable mental habits and analytical tools for gaining a better understanding of why and how it is that each of us, every moment of every day, enjoy the fruits of the labors and creativity of literally billions of strangers.”~ Donald J. Boudreaux
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Money is What You Hold Between Production and Consumption
“What monetary competition and the search for a new-and-improved regime does so well is indicate the necessity of money to move value through time and space. That search continues.” ~ Joakim Book
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A Tragic Half Century Without Gold Money
“Fifty years without a gold-based monetary system is not only unprecedented in human history but unfriendly to economic prosperity.” ~ Richard M. Salsman
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Energy Infamy: Nixon’s 1971 Price Controls Turn 50
“The 1970s stand as one of most grievous eras in the history of energy, and public policy in general. And it happened as a byproduct of a seemingly innocuous, temporary government intervention.” ~ Robert L. Bradley Jr.
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Good Medicine Requires Second Opinions
“In the 1920s drinking water infused with radium was hailed as ‘one of the greatest boons to ailing mankind that ever was discovered.’ In matters of health, competition and second opinions lead to better medicine.” ~ Barry Brownstein
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•
Total and Core Retail Sales Fell in July
“Retail sales fell in July and the trend over the last three months is noticeably weaker. Continued recovery in the labor market and gains in wages are needed to support retail sales growth.” – Robert Hughes
-
•
How Societies Save For an Uncertain Future
“This is the problem that all societies have tried to overcome – moving value through time and ensuring our individual livelihood when we’re too old to produce the value that sustains us.” ~ Joakim Book
-
•
Spencer Roane, Enduring Paladin of States’ Rights
“Roane believed that it was imprudent to limit judicial review to one institution because ‘all history teaches’ that ‘power is an encroaching thing, and that all men who possess it, will feel it and forget right.'” ~ Robert E. Wright
-
•
Are Big Companies Ripping Us Off?
“Politicians who benefit by pretending to ameliorate even the most minor complaints take action, regulate voluntary transactions, and affect how gains from trade can be distributed or even occur.” ~ Anthony Gill
-
•
The Soviet Union Is Gone, but the Young Yearn for Socialism
“If neither knowledge of, nor appropriate lessons from the reality of socialism-in-practice over the last one hundred years are learned, we may very well be condemned to repeat the past with all of its social, economic, and politically damaging consequences.” ~ Richard M. Ebeling
-
•
Teaching Introductory Economics
“Economics supplies indispensable mental habits and analytical tools for gaining a better understanding of why and how it is that each of us, every moment of every day, enjoy the fruits of the labors and creativity of literally billions of strangers.”~ Donald J. Boudreaux
-
•
Money is What You Hold Between Production and Consumption
“What monetary competition and the search for a new-and-improved regime does so well is indicate the necessity of money to move value through time and space. That search continues.” ~ Joakim Book
-
•
A Tragic Half Century Without Gold Money
“Fifty years without a gold-based monetary system is not only unprecedented in human history but unfriendly to economic prosperity.” ~ Richard M. Salsman
-
•
Energy Infamy: Nixon’s 1971 Price Controls Turn 50
“The 1970s stand as one of most grievous eras in the history of energy, and public policy in general. And it happened as a byproduct of a seemingly innocuous, temporary government intervention.” ~ Robert L. Bradley Jr.
-
•
Good Medicine Requires Second Opinions
“In the 1920s drinking water infused with radium was hailed as ‘one of the greatest boons to ailing mankind that ever was discovered.’ In matters of health, competition and second opinions lead to better medicine.” ~ Barry Brownstein