Daily Economy
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Durable-Goods Orders Rose in June as Core Capital-Goods Hit a Record High
“Manufacturers’ new orders for core capital goods hit another record high in June. The strong showing is a positive sign for the overall outlook.” – Robert Hughes
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How a Psychic Healer Blog Convinced the Government to Fund “Long Covid” Research
“The doors have, sadly, been thrown wide open to psychic healing and alternative wellness gibberish. Lockdowner scientists have, in turn, given these suspect claims and defective survey designs a welcome home in the most prestigious institutions of journalism, government, and the ivory tower.” ~ Phillip W. Magness
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‘Zero Covid’ Experts Put Grandkids at Risk
“We should learn from this episode, though. Worse pandemics will emerge, perhaps even where some tough restrictions are justified. But we need to learn how to fight pandemics without permanently altering our way of life.” ~ Adam Creighton
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New Single-Family Home Sales Fell Again in June
“New-home sales fell again in June and supply conditions eased a bit. Rising prices, and somewhat higher mortgage rates should continue weighing on activity.” – Robert Hughes
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US Militarism Abroad is Hypocritical and Counterproductive
“Much like big government activism fails here at home, overconfidence in military intervention has only promised failure abroad. A pivot towards a more humble foreign policy based on cooperation as well as shared leadership, much like it would for domestic policy, will yield a much safer world for freedom and democracy.” ~ Ethan Yang
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Prices Have Work To Do, Even in Pandemics
“It has been the government’s failure to not let market prices work at all and instead address the pandemic with command-and-control policies that have created shortages, thwarted innovation, and distributed vaccines based not on what will most internalize the spillover benefits of vaccination but based on political considerations about who should enjoy the private benefits…
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What About “Whataboutism?”
“When the cry of ‘Well… what about X?’ arises in argumentation, it is a good time to step back and evaluate the claim through the eyes of others. It may be that the claim holds no merit. Alternatively, it may open our eyes to bigger problems that we’ve failed to notice.” ~ Anthony Gill
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The False Promise of Sanctions and Isolation
“Our current approach of alienation and intimidation only promises disappointment on both sides. Although there is no guarantee that warming relations would result in the liberal democratic reforms that the US desires for Cuba, anything would be better than the lose-lose policy of economic warfare.” ~ Ethan Yang
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Monetary Policy Since the Great Recession
“The U.S. economy has now entered unexplored territory, though this territory has unhappy similarities with Revolutionary-era hyperinflation, Civil War inflation of the 1860s, and the stagflation of the 1970s. None of these historical experiences were something anybody would want to relive.” ~ Robert F. Mulligan
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When the President Does It, It’s Not Illegal
“Governments can find ways to serve their constituents (i.e. the taxpayers) better for the price they charge, they can lower their prices, or they can collude with others in the industry to keep prices high and quality low. Unlike businesses, however, when governments choose the third option, they are celebrated as heroes.” ~ David Hebert
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•
Durable-Goods Orders Rose in June as Core Capital-Goods Hit a Record High
“Manufacturers’ new orders for core capital goods hit another record high in June. The strong showing is a positive sign for the overall outlook.” – Robert Hughes
-
•
How a Psychic Healer Blog Convinced the Government to Fund “Long Covid” Research
“The doors have, sadly, been thrown wide open to psychic healing and alternative wellness gibberish. Lockdowner scientists have, in turn, given these suspect claims and defective survey designs a welcome home in the most prestigious institutions of journalism, government, and the ivory tower.” ~ Phillip W. Magness
-
•
‘Zero Covid’ Experts Put Grandkids at Risk
“We should learn from this episode, though. Worse pandemics will emerge, perhaps even where some tough restrictions are justified. But we need to learn how to fight pandemics without permanently altering our way of life.” ~ Adam Creighton
-
•
New Single-Family Home Sales Fell Again in June
“New-home sales fell again in June and supply conditions eased a bit. Rising prices, and somewhat higher mortgage rates should continue weighing on activity.” – Robert Hughes
-
•
US Militarism Abroad is Hypocritical and Counterproductive
“Much like big government activism fails here at home, overconfidence in military intervention has only promised failure abroad. A pivot towards a more humble foreign policy based on cooperation as well as shared leadership, much like it would for domestic policy, will yield a much safer world for freedom and democracy.” ~ Ethan Yang
-
•
Prices Have Work To Do, Even in Pandemics
“It has been the government’s failure to not let market prices work at all and instead address the pandemic with command-and-control policies that have created shortages, thwarted innovation, and distributed vaccines based not on what will most internalize the spillover benefits of vaccination but based on political considerations about who should enjoy the private benefits…
-
•
What About “Whataboutism?”
“When the cry of ‘Well… what about X?’ arises in argumentation, it is a good time to step back and evaluate the claim through the eyes of others. It may be that the claim holds no merit. Alternatively, it may open our eyes to bigger problems that we’ve failed to notice.” ~ Anthony Gill
-
•
The False Promise of Sanctions and Isolation
“Our current approach of alienation and intimidation only promises disappointment on both sides. Although there is no guarantee that warming relations would result in the liberal democratic reforms that the US desires for Cuba, anything would be better than the lose-lose policy of economic warfare.” ~ Ethan Yang
-
•
Monetary Policy Since the Great Recession
“The U.S. economy has now entered unexplored territory, though this territory has unhappy similarities with Revolutionary-era hyperinflation, Civil War inflation of the 1860s, and the stagflation of the 1970s. None of these historical experiences were something anybody would want to relive.” ~ Robert F. Mulligan
-
•
When the President Does It, It’s Not Illegal
“Governments can find ways to serve their constituents (i.e. the taxpayers) better for the price they charge, they can lower their prices, or they can collude with others in the industry to keep prices high and quality low. Unlike businesses, however, when governments choose the third option, they are celebrated as heroes.” ~ David Hebert