Daily Economy
-
•
Industrial Output Rose in May on Broad Gains; Capacity Utilization Remains Low
“Industrial output rose in May and is closing in on pre-pandemic levels. However, substantial excess capacity still exists. While reopening the economy is boosting demand, incomes, and confidence, rising prices are a concern. However, a runaway inflationary spiral remains unlikely.” – Robert Hughes
-
•
You Are Not Paying a Higher Relevant Tax Rate Than Billionaires
“Allegations that higher income earners don’t pay their ‘fair share’ of taxes are a mainstay misrepresentation of the political left. When the facts say otherwise, they simply twist the facts and ignore more serious studies. ProPublica’s latest effort is just one more of a long line of such analytical abuses, whose details have varied over…
-
•
Discretionary Spending Categories Drag Down May Retail Sales
“Retail sales fell in May with noticeable weakness among discretionary spending. However, solid consumer fundamentals suggest a positive economic outlook, despite some recent upward pressure on prices.” – Robert Hughes
-
•
El Salvador Is Not the Birthplace of Bitcoin’s Future
“Imposing the use of Bitcoin by force through a software oligopoly–through a scheme which may ultimately pose a threat to the entire El Salvadoran economy–is almost as far from Satoshi’s Bitcoin objectives as the fiat dollar is.” ~ Peter C. Earle
-
•
This Claim of Market Failure Deserves No Credit
“If you who claim to identify a market failure could, but don’t, voluntarily put your own money where your mouth is in an attempt to address that alleged failure, why should anyone listen to your pleas for government to coercively put other people’s money where your mouth is?” ~ Donald J. Boudreaux
-
•
Wuhan Lab Controversy Illustrates How Government Funding Throttles Scientific Integrity
“We must separate government completely from science for the same reason we separate church from state and press from state. Don’t force our scientists to become supplicants to government bureaucrats in order to pursue truth. That will be the death of reason, science, and truth, and lead to disasters, such as misunderstanding the origins of…
-
•
The Labor Shortage Is a Government-Contrived Scarcity
“Contrived scarcities, in principle, could be gone tomorrow if the government’s economic policies fostering, creating and sustaining them were abolished and eliminated. The individual’s freedom of choice and action as both consumer and producer will have been more fully restored with a less intervening government.” ~ Richard M. Ebeling
-
•
Saving America From the Counterrevolution
“Defenders of the great revolution of enlightenment values and modernity have our work cut out for us. Harwood’s book is just as relevant today as it was in 1951 and at less than 100 pages, it is a manifesto for those who are up to the task of standing watch over the well-being of our…
-
•
Doomed by Politics
“How we prepare and what we do with the worldly events that face us matter: even catastrophes that stem from pathogens or poor harvests are man-made, a message for which Ferguson’s fidgitive book only narrowly succeeds.” ~ Joakim Book
-
•
Where Economics and Management Studies Overlap: A Brief Review of Austrian Perspectives on Entrepreneurship, Strategy, and Organization
“Elements is a good refresher for people who haven’t thought about it in a while, and I think it’s also a good jumping-off point for teachers looking to organize lectures and classroom activities. Yes, markets tend toward equilibrium, but this Element points us to the journey, and that’s where all the entrepreneurial action is.” ~…
-
•
Industrial Output Rose in May on Broad Gains; Capacity Utilization Remains Low
“Industrial output rose in May and is closing in on pre-pandemic levels. However, substantial excess capacity still exists. While reopening the economy is boosting demand, incomes, and confidence, rising prices are a concern. However, a runaway inflationary spiral remains unlikely.” – Robert Hughes
-
•
You Are Not Paying a Higher Relevant Tax Rate Than Billionaires
“Allegations that higher income earners don’t pay their ‘fair share’ of taxes are a mainstay misrepresentation of the political left. When the facts say otherwise, they simply twist the facts and ignore more serious studies. ProPublica’s latest effort is just one more of a long line of such analytical abuses, whose details have varied over…
-
•
Discretionary Spending Categories Drag Down May Retail Sales
“Retail sales fell in May with noticeable weakness among discretionary spending. However, solid consumer fundamentals suggest a positive economic outlook, despite some recent upward pressure on prices.” – Robert Hughes
-
•
El Salvador Is Not the Birthplace of Bitcoin’s Future
“Imposing the use of Bitcoin by force through a software oligopoly–through a scheme which may ultimately pose a threat to the entire El Salvadoran economy–is almost as far from Satoshi’s Bitcoin objectives as the fiat dollar is.” ~ Peter C. Earle
-
•
This Claim of Market Failure Deserves No Credit
“If you who claim to identify a market failure could, but don’t, voluntarily put your own money where your mouth is in an attempt to address that alleged failure, why should anyone listen to your pleas for government to coercively put other people’s money where your mouth is?” ~ Donald J. Boudreaux
-
•
Wuhan Lab Controversy Illustrates How Government Funding Throttles Scientific Integrity
“We must separate government completely from science for the same reason we separate church from state and press from state. Don’t force our scientists to become supplicants to government bureaucrats in order to pursue truth. That will be the death of reason, science, and truth, and lead to disasters, such as misunderstanding the origins of…
-
•
The Labor Shortage Is a Government-Contrived Scarcity
“Contrived scarcities, in principle, could be gone tomorrow if the government’s economic policies fostering, creating and sustaining them were abolished and eliminated. The individual’s freedom of choice and action as both consumer and producer will have been more fully restored with a less intervening government.” ~ Richard M. Ebeling
-
•
Saving America From the Counterrevolution
“Defenders of the great revolution of enlightenment values and modernity have our work cut out for us. Harwood’s book is just as relevant today as it was in 1951 and at less than 100 pages, it is a manifesto for those who are up to the task of standing watch over the well-being of our…
-
•
Doomed by Politics
“How we prepare and what we do with the worldly events that face us matter: even catastrophes that stem from pathogens or poor harvests are man-made, a message for which Ferguson’s fidgitive book only narrowly succeeds.” ~ Joakim Book
-
•
Where Economics and Management Studies Overlap: A Brief Review of Austrian Perspectives on Entrepreneurship, Strategy, and Organization
“Elements is a good refresher for people who haven’t thought about it in a while, and I think it’s also a good jumping-off point for teachers looking to organize lectures and classroom activities. Yes, markets tend toward equilibrium, but this Element points us to the journey, and that’s where all the entrepreneurial action is.” ~…