Daily Economy
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Twitter Censors Famed Epidemiologist Martin Kulldorff
“If there ever was a troubling sign of the power and arrogance of big tech, of which I’ve long been a defender, this new action is it. Dr. Kulldorff has been a brave proponent of traditional public health in the midst of an unprecedented and very obviously failed policy of lockdowns. He has been a…
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Political Economy vs. Federal Fairy Tales
“Nowadays, the federal government is controlling almost everything except itself. Instead of economic salvation, Biden offers standard D.C. issue ‘no-fault pseudo-benevolence.’ How many more trillion dollars will America waste for another Beltway ‘triumph of hope over experience?'” ~ James Bovard
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Lots of New Money, But Still-Low Inflation. What Gives?
“Just because a reckless central bank foists tons of fake money on banks, businesses, and households does not mean any of them must spend it. Fiscal-monetary recklessness itself can signal private-sector actors not to part with safe, liquid assets. Eventually, of course, they may choose to flee the money and the debt, bringing higher inflation…
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Markets Are More Knowledgeable Than Intellectuals
“Nothing is easier than for intellectuals to express displeasure with the observed manner in which individuals make trade-offs, and then to assert that this manner of making trade-offs implies a market failure. But assertions are not analyses. When analyzed carefully through the lens of economics, the need for producers to adjust to changes in consumer…
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China Attempts to Silence Western Companies On Xinjiang
“The attacks against Western fashion brands this week are a deliberate and orchestrated effort by the Chinese Communist Party to protect their human rights abuses in Xinjiang in response to recent Western sanctions for slavery in the region. They understand full well that this attack is a brilliant leveraging of the West’s greatest strength, a…
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Lockdowns Worsen the Health Crisis
“We suspect that one day, the quarantining of entire societies that was carried out in response to the coronavirus pandemic, leading to vast swaths of the population becoming unhealthier overall and ironically more susceptible to severe outcomes from the virus, will be seen as the 21st century version of bloodletting. As the epidemiologist Martin Kulldorff…
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Inflationary Inflection Point or Temporary Blip?
“If bond yields cannot rise, the stock market will remain supported unless stagflation sets in. Should that transpire, the Fed will need to decide whether to ignore inflation and increase monetary stimulus, including the purchase of ETFs and common stock, in order to maintain full employment, or ‘hold’ and witness a politically unpalatable clearing of…
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Why Is Everyone in Texas Not Dying?
“Now we can see the failure in black, white, and full color, daily appearing on our screens courtesy of the CDC. Has that shaken the pro-lockdown pundit class? Not that much. What an amazing testament to the stubbornness of elite opinion and its bias against basic freedoms. They might all echo the words of Groucho…
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Vaccinations and Stimulus Boost Consumer Sentiment As Impatience Also Rises
“Consumer sentiment rose in March, driven by vaccine distribution and stimulus benefits while impatience with lockdowns has also risen. Recent data suggest an improving outlook.” – Robert Hughes
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Where New Zealand Goes, the World Goes
“In the 1990s New Zealand pioneered inflation targeting, an approach that every major country followed for the next three decades. In a few years we might look back at this fleeting Kiwi attempt at incorporating asset markets into monetary policy with the same admiring eyes that we now see their move to inflation targeting. Where…
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•
Twitter Censors Famed Epidemiologist Martin Kulldorff
“If there ever was a troubling sign of the power and arrogance of big tech, of which I’ve long been a defender, this new action is it. Dr. Kulldorff has been a brave proponent of traditional public health in the midst of an unprecedented and very obviously failed policy of lockdowns. He has been a…
-
•
Political Economy vs. Federal Fairy Tales
“Nowadays, the federal government is controlling almost everything except itself. Instead of economic salvation, Biden offers standard D.C. issue ‘no-fault pseudo-benevolence.’ How many more trillion dollars will America waste for another Beltway ‘triumph of hope over experience?'” ~ James Bovard
-
•
Lots of New Money, But Still-Low Inflation. What Gives?
“Just because a reckless central bank foists tons of fake money on banks, businesses, and households does not mean any of them must spend it. Fiscal-monetary recklessness itself can signal private-sector actors not to part with safe, liquid assets. Eventually, of course, they may choose to flee the money and the debt, bringing higher inflation…
-
•
Markets Are More Knowledgeable Than Intellectuals
“Nothing is easier than for intellectuals to express displeasure with the observed manner in which individuals make trade-offs, and then to assert that this manner of making trade-offs implies a market failure. But assertions are not analyses. When analyzed carefully through the lens of economics, the need for producers to adjust to changes in consumer…
-
•
China Attempts to Silence Western Companies On Xinjiang
“The attacks against Western fashion brands this week are a deliberate and orchestrated effort by the Chinese Communist Party to protect their human rights abuses in Xinjiang in response to recent Western sanctions for slavery in the region. They understand full well that this attack is a brilliant leveraging of the West’s greatest strength, a…
-
•
Lockdowns Worsen the Health Crisis
“We suspect that one day, the quarantining of entire societies that was carried out in response to the coronavirus pandemic, leading to vast swaths of the population becoming unhealthier overall and ironically more susceptible to severe outcomes from the virus, will be seen as the 21st century version of bloodletting. As the epidemiologist Martin Kulldorff…
-
•
Inflationary Inflection Point or Temporary Blip?
“If bond yields cannot rise, the stock market will remain supported unless stagflation sets in. Should that transpire, the Fed will need to decide whether to ignore inflation and increase monetary stimulus, including the purchase of ETFs and common stock, in order to maintain full employment, or ‘hold’ and witness a politically unpalatable clearing of…
-
•
Why Is Everyone in Texas Not Dying?
“Now we can see the failure in black, white, and full color, daily appearing on our screens courtesy of the CDC. Has that shaken the pro-lockdown pundit class? Not that much. What an amazing testament to the stubbornness of elite opinion and its bias against basic freedoms. They might all echo the words of Groucho…
-
•
Vaccinations and Stimulus Boost Consumer Sentiment As Impatience Also Rises
“Consumer sentiment rose in March, driven by vaccine distribution and stimulus benefits while impatience with lockdowns has also risen. Recent data suggest an improving outlook.” – Robert Hughes
-
•
Where New Zealand Goes, the World Goes
“In the 1990s New Zealand pioneered inflation targeting, an approach that every major country followed for the next three decades. In a few years we might look back at this fleeting Kiwi attempt at incorporating asset markets into monetary policy with the same admiring eyes that we now see their move to inflation targeting. Where…