Daily Economy
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Dismisinfoganda
“Many Americans once believed government officials unless/until they had good reason to doubt them but increasingly they disbelieve officials unless/until they have reason to believe them. Maybe that is a good thing as it will eventually induce Americans to ask why they continue to pay the salaries of people they cannot implicitly trust to do…
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Weekly Initial Claims for Unemployment Reflect Strengthening Labor Market
“Initial claims for unemployment benefits continue to trend significantly lower, reflecting a strengthening labor market and rising economic activity.” – Robert Hughes
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The Backward-Looking Storyteller
“History is slow, with fascinating moments and events scattered among tons and tons of mundane and inconsequential things. When we select some of them and weave them into an iconic story, we often make a mockery of the past – and ourselves a disservice.” ~ Joakim Book
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Will the Pandemic Promote Political Power in Perpetuity?
“The more people who view government as their personal savior, the easier it becomes for politicians to demagogue to ever greater power. But as economist Warren Nutter warned, ‘The more that government takes, the less likely that democracy will survive.'” ~ James Bovard
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Shadow of the State or Sunshine of Civil Society
“We are often too quick to pull the trigger on government regulation whenever we suspect a problem exists. It is important to first ask what civil society can do (or is doing) to mitigate that problem before deferring to the coercive shadowy state.” ~ Anthony Gill
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Lockdowns Need to Be Intellectually Discredited Once and For All
“Unilaterally and arbitrarily shutting down all of economic and social life was never part of the solution, nor should it ever be. Covid-19 has been the first test for these experimental lockdown policies and no rational observer should look back at the results and conclude that this is all worth trying again.” ~ Ethan Yang
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New Single-Family Home Sales Decline in April
“New-home sales fell in April and supply conditions eased slightly. Historically low inventory, rising prices, and somewhat higher mortgage rates appear to be weighing on activity.” – Robert Hughes
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‘Big Tech’ Risks Going Down a Path of Decline Paved by ‘Big Rail’
“Here’s hoping a desire for near-term comfort from competition, criticism, and the markets doesn’t do to Big Tech what was done to Big Rail. Time will tell. But for now, it seems Big Tech is intent on traveling a path toward average that was first paved by the 19th century’s most innovative minds.” ~ John…
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Some Problems with the ‘Repatriating Critical Supply Chains’ Argument
“Even if political pressures were miraculously to disappear, government officials would remain ignorant of most of the detailed bits of knowledge about how resources are, and potentially can be, used. And so any errors these officials make in distinguishing ‘critical’ from not-critical goods and services will result in resources being used more wastefully than otherwise.”…
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Papers, Please! Oregon Now Requires ‘Proof of Vaccination’
“With the corrupt policies being pursued by the authorities in statewide office, it shouldn’t come as a surprise that not everyone in the state is thrilled with the policies being pushed by Salem. On Tuesday, 5 Oregon counties voted in favor of leaving the state and becoming part of Idaho.” ~ Jordan Schachtel
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Dismisinfoganda
“Many Americans once believed government officials unless/until they had good reason to doubt them but increasingly they disbelieve officials unless/until they have reason to believe them. Maybe that is a good thing as it will eventually induce Americans to ask why they continue to pay the salaries of people they cannot implicitly trust to do…
-
•
Weekly Initial Claims for Unemployment Reflect Strengthening Labor Market
“Initial claims for unemployment benefits continue to trend significantly lower, reflecting a strengthening labor market and rising economic activity.” – Robert Hughes
-
•
The Backward-Looking Storyteller
“History is slow, with fascinating moments and events scattered among tons and tons of mundane and inconsequential things. When we select some of them and weave them into an iconic story, we often make a mockery of the past – and ourselves a disservice.” ~ Joakim Book
-
•
Will the Pandemic Promote Political Power in Perpetuity?
“The more people who view government as their personal savior, the easier it becomes for politicians to demagogue to ever greater power. But as economist Warren Nutter warned, ‘The more that government takes, the less likely that democracy will survive.'” ~ James Bovard
-
•
Shadow of the State or Sunshine of Civil Society
“We are often too quick to pull the trigger on government regulation whenever we suspect a problem exists. It is important to first ask what civil society can do (or is doing) to mitigate that problem before deferring to the coercive shadowy state.” ~ Anthony Gill
-
•
Lockdowns Need to Be Intellectually Discredited Once and For All
“Unilaterally and arbitrarily shutting down all of economic and social life was never part of the solution, nor should it ever be. Covid-19 has been the first test for these experimental lockdown policies and no rational observer should look back at the results and conclude that this is all worth trying again.” ~ Ethan Yang
-
•
New Single-Family Home Sales Decline in April
“New-home sales fell in April and supply conditions eased slightly. Historically low inventory, rising prices, and somewhat higher mortgage rates appear to be weighing on activity.” – Robert Hughes
-
•
‘Big Tech’ Risks Going Down a Path of Decline Paved by ‘Big Rail’
“Here’s hoping a desire for near-term comfort from competition, criticism, and the markets doesn’t do to Big Tech what was done to Big Rail. Time will tell. But for now, it seems Big Tech is intent on traveling a path toward average that was first paved by the 19th century’s most innovative minds.” ~ John…
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•
Some Problems with the ‘Repatriating Critical Supply Chains’ Argument
“Even if political pressures were miraculously to disappear, government officials would remain ignorant of most of the detailed bits of knowledge about how resources are, and potentially can be, used. And so any errors these officials make in distinguishing ‘critical’ from not-critical goods and services will result in resources being used more wastefully than otherwise.”…
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•
Papers, Please! Oregon Now Requires ‘Proof of Vaccination’
“With the corrupt policies being pursued by the authorities in statewide office, it shouldn’t come as a surprise that not everyone in the state is thrilled with the policies being pushed by Salem. On Tuesday, 5 Oregon counties voted in favor of leaving the state and becoming part of Idaho.” ~ Jordan Schachtel