Daily Economy
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Policy Uncertainty Causes Sundry Shortages
“Policymakers seem determined to force through as many policy changes as rapidly as possible, possibly in an attempt to create confusion over causes, much the way Covid and lockdowns became conflated in the public mind. They need to tread carefully, though, because our technological and military might will not save us if the core cause…
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Imperial College Predicted Catastrophe in Every Country on Earth. Then the Models Failed.
“Why is Ferguson, who has a long history of absurdly exaggerated modeling predictions, still viewed as a leading authority on pandemic forecasting? And why is the ICL team still advising governments around the world on how to deal with Covid-19 through its flawed modeling approach? In March 2020 ICL sold its credibility for future delivery.…
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Biden’s Infrastructure Boondoggle
“The immediate lesson from all of this is that Biden’s plan is a boondoggle waiting to happen (just as would have been the case with Trump). The longer-term lesson is that we should get the federal government out of the business of infrastructure.” ~ Daniel J. Mitchell
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Auto Sales Hit highest Level Since 2005
“Light-vehicle sales rose again in April, moving above the recent range to the highest pace since 2005. The gain was broad-based across most segments and signals strength for consumer spending.” – Robert Hughes
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From AI to UBI?
“AI cannot credibly justify a radical policy like UBI at this point. Misunderstanding AI adds to a natural fear of the unknown though we know that technological change always proves beneficial to the economy and that society will have ample resources to aid anyone who might be displaced by AI in the future. People should…
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The Covid-19 Emergency Did Not Justify Lockdowns
“Whatever the novelty and dangers of Covid-19, the novelty and dangers of Covid-19 lockdowns are at least arguably of the same magnitude. The dismissal of the unknown possible horrors of lockdowns in order to focus attention exclusively on the unknown possible horrors of SARS-CoV-2 is as unjustified by science as it is unpardonable as policy.”…
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Manufacturing Survey Suggests Strong Demand, Materials Shortages, and Rising Prices
“The Institute for Supply Management survey of manufacturers suggests ongoing expansion for the sector in April, but also continued production and logistical issues as well as rising materials costs.” – Robert Hughes
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Biden’s Agenda of “Democratic” Paternalism and Planning
“Joe Biden and Xi Jinping both believe that the national interest comes before the individual’s peaceful interest; that the collective take priority over the person; that the state must have the authority and power to assign and direct most or all aspects of people’s lives and actions; and that constitutional rules and procedures written on…
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China Unleashes Financial Tech Crackdown
“This fintech crackdown could be emblematic of China’s authoritarian growing pains and it remains to be seen if they will even be able to balance economic progress with political control. This move will certainly have consequences for short-term investment and economic growth in China. Perhaps this is how the free world breaks China’s authoritarian model,…
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Lockdowns are No Substitute for Focused Protection
“Good public health policy must reflect this interwoven relationship between pathogen, pathology, and social and economic equality, not merely impose the blunt and devastating ‘nonpharmaceutical interventions’ indiscriminately on the whole of the population.” ~ AIER Contributing Authors
-
•
Policy Uncertainty Causes Sundry Shortages
“Policymakers seem determined to force through as many policy changes as rapidly as possible, possibly in an attempt to create confusion over causes, much the way Covid and lockdowns became conflated in the public mind. They need to tread carefully, though, because our technological and military might will not save us if the core cause…
-
•
Imperial College Predicted Catastrophe in Every Country on Earth. Then the Models Failed.
“Why is Ferguson, who has a long history of absurdly exaggerated modeling predictions, still viewed as a leading authority on pandemic forecasting? And why is the ICL team still advising governments around the world on how to deal with Covid-19 through its flawed modeling approach? In March 2020 ICL sold its credibility for future delivery.…
-
•
Biden’s Infrastructure Boondoggle
“The immediate lesson from all of this is that Biden’s plan is a boondoggle waiting to happen (just as would have been the case with Trump). The longer-term lesson is that we should get the federal government out of the business of infrastructure.” ~ Daniel J. Mitchell
-
•
Auto Sales Hit highest Level Since 2005
“Light-vehicle sales rose again in April, moving above the recent range to the highest pace since 2005. The gain was broad-based across most segments and signals strength for consumer spending.” – Robert Hughes
-
•
From AI to UBI?
“AI cannot credibly justify a radical policy like UBI at this point. Misunderstanding AI adds to a natural fear of the unknown though we know that technological change always proves beneficial to the economy and that society will have ample resources to aid anyone who might be displaced by AI in the future. People should…
-
•
The Covid-19 Emergency Did Not Justify Lockdowns
“Whatever the novelty and dangers of Covid-19, the novelty and dangers of Covid-19 lockdowns are at least arguably of the same magnitude. The dismissal of the unknown possible horrors of lockdowns in order to focus attention exclusively on the unknown possible horrors of SARS-CoV-2 is as unjustified by science as it is unpardonable as policy.”…
-
•
Manufacturing Survey Suggests Strong Demand, Materials Shortages, and Rising Prices
“The Institute for Supply Management survey of manufacturers suggests ongoing expansion for the sector in April, but also continued production and logistical issues as well as rising materials costs.” – Robert Hughes
-
•
Biden’s Agenda of “Democratic” Paternalism and Planning
“Joe Biden and Xi Jinping both believe that the national interest comes before the individual’s peaceful interest; that the collective take priority over the person; that the state must have the authority and power to assign and direct most or all aspects of people’s lives and actions; and that constitutional rules and procedures written on…
-
•
China Unleashes Financial Tech Crackdown
“This fintech crackdown could be emblematic of China’s authoritarian growing pains and it remains to be seen if they will even be able to balance economic progress with political control. This move will certainly have consequences for short-term investment and economic growth in China. Perhaps this is how the free world breaks China’s authoritarian model,…
-
•
Lockdowns are No Substitute for Focused Protection
“Good public health policy must reflect this interwoven relationship between pathogen, pathology, and social and economic equality, not merely impose the blunt and devastating ‘nonpharmaceutical interventions’ indiscriminately on the whole of the population.” ~ AIER Contributing Authors