Daily Economy
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July Jobs Report Not as Impressive as Headline Suggests
“Payrolls posted a strong gain in July though details were not as strong as the headline suggests. The overall outlook is tilted to the upside, but challenges remain, and risks are growing.” – Robert Hughes
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A Tale of Two Spikes: How the Tullock Spike Gives Insight Into a Viral Spike Amid Forced Mask-Wearing
“Let us hope for once that President Biden and the various state governors and health officials leave people free to assess their own risks and adjust their own behaviors as best makes sense to them.” ~ Jon Sanders
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AIER Doing It Right
“In his recent book Spike, Farrar noted that Dominic Cummings, chief advisor to British PM Boris Johnson, ‘wanted to run an aggressive press campaign against those behind the Great Barrington Declaration and others opposed to blanket Covid-19 restriction.'” ~ Robert E. Wright
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Edwin Cannan: An Economist Who Protested Against Big Government
“What stands out in Edwin Cannan’s writings is a simplicity and clarity in explaining the ‘miracle’ of the market in a world-encompassing division of labor that connects multitudes of people for mutual improvement and peaceful cultural gains.” ~ Richard M. Ebeling
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The Fall of the Dominoes
“What we can do at this point is to look back at key points where we could have stopped them falling – like taking seriously the idea of a limited government and the principle of sound money – and ensure that, when the dust settles, we warn future generations not to repeat those errors.” ~…
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The Refusal to Acknowledge Trade-Offs
“In every policy discussion including those around public health, understanding that trade-offs will occur is an important part of the policy process. When we refuse to engage with that reality, we will almost always pay far higher costs than are warranted.” ~ Amelia Janaskie & Ryan M. Yonk
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Weekly Initial Claims for Unemployment Benefits Are Flattening Out
“Weekly initial claims for unemployment benefits fell slightly in the latest week but the trend appears to be flattening. A tight labor market and a record number of open jobs should continue to drive initial claims lower, but the Delta variant is increasing uncertainty.” – Robert Hughes
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Pseudo-Omniscience Versus Freedom
“Twitter followers exalt Paul Krugman for asserting ‘the rhetoric of freedom is actually about privilege.’ Unfortunately, plenty of prominent poohbahs are enjoying the privilege of trying to destroy other Americans’ freedom.” ~ James Bovard
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Labor Force Participation Over the Covid-19 Recession
“Now that the economy is recovering, demand for labor has outpaced the supply—too many workers are unwilling to work under post-pandemic conditions, though this will likely be alleviated as relief and unemployment benefits expire.” ~ Robert F. Mulligan
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Biden’s Band-Aid Eviction Moratorium
“Biden’s moratorium, spurred by those who refuse to acknowledge constitutional limits, the importance of property rights in economic planning, and concepts of economic scarcity, tees up a precedent that will ultimately increase the cost of housing and with it, the risk of future evictions.” ~ David Waugh
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•
July Jobs Report Not as Impressive as Headline Suggests
“Payrolls posted a strong gain in July though details were not as strong as the headline suggests. The overall outlook is tilted to the upside, but challenges remain, and risks are growing.” – Robert Hughes
-
•
A Tale of Two Spikes: How the Tullock Spike Gives Insight Into a Viral Spike Amid Forced Mask-Wearing
“Let us hope for once that President Biden and the various state governors and health officials leave people free to assess their own risks and adjust their own behaviors as best makes sense to them.” ~ Jon Sanders
-
•
AIER Doing It Right
“In his recent book Spike, Farrar noted that Dominic Cummings, chief advisor to British PM Boris Johnson, ‘wanted to run an aggressive press campaign against those behind the Great Barrington Declaration and others opposed to blanket Covid-19 restriction.'” ~ Robert E. Wright
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•
Edwin Cannan: An Economist Who Protested Against Big Government
“What stands out in Edwin Cannan’s writings is a simplicity and clarity in explaining the ‘miracle’ of the market in a world-encompassing division of labor that connects multitudes of people for mutual improvement and peaceful cultural gains.” ~ Richard M. Ebeling
-
•
The Fall of the Dominoes
“What we can do at this point is to look back at key points where we could have stopped them falling – like taking seriously the idea of a limited government and the principle of sound money – and ensure that, when the dust settles, we warn future generations not to repeat those errors.” ~…
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•
The Refusal to Acknowledge Trade-Offs
“In every policy discussion including those around public health, understanding that trade-offs will occur is an important part of the policy process. When we refuse to engage with that reality, we will almost always pay far higher costs than are warranted.” ~ Amelia Janaskie & Ryan M. Yonk
-
•
Weekly Initial Claims for Unemployment Benefits Are Flattening Out
“Weekly initial claims for unemployment benefits fell slightly in the latest week but the trend appears to be flattening. A tight labor market and a record number of open jobs should continue to drive initial claims lower, but the Delta variant is increasing uncertainty.” – Robert Hughes
-
•
Pseudo-Omniscience Versus Freedom
“Twitter followers exalt Paul Krugman for asserting ‘the rhetoric of freedom is actually about privilege.’ Unfortunately, plenty of prominent poohbahs are enjoying the privilege of trying to destroy other Americans’ freedom.” ~ James Bovard
-
•
Labor Force Participation Over the Covid-19 Recession
“Now that the economy is recovering, demand for labor has outpaced the supply—too many workers are unwilling to work under post-pandemic conditions, though this will likely be alleviated as relief and unemployment benefits expire.” ~ Robert F. Mulligan
-
•
Biden’s Band-Aid Eviction Moratorium
“Biden’s moratorium, spurred by those who refuse to acknowledge constitutional limits, the importance of property rights in economic planning, and concepts of economic scarcity, tees up a precedent that will ultimately increase the cost of housing and with it, the risk of future evictions.” ~ David Waugh