Daily Economy
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The Presidents of Paine
“America suffers hyper-partisanship even in its courts of law. If Paine still exists on some spiritual plain, he certainly feels the pain of his adopted homeland as it struggles to revivify its founding principles and regain independence from King Woke.” ~ Robert E. Wright
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The Alphabet Soup of Recessions
“Even if the economy is reopened, will small business be able to compete with enhanced unemployment benefits? And, what about their stack of IOUs from renters who are protected from eviction for the duration, and the decriminalization of shoplifting and the right kind of rioting? And, so, our outlook may be for an O-shaped economy;…
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How Lockdowns Devastated the Cruise Industry
“Hopefully readers will also keep in mind how quickly politicians can wreck things, and how quickly their destruction robs people and businesses of dignity. Right now, the formerly soaring cruise industry is once again ‘waiting anxiously for Washington’s go-ahead to sail again.’ Please think about that. And how wrong it is.” ~ John Tamny
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The Dramatic Brilliance Of March Madness
“There’s a reason vasectomies spike during March Madness: David going toe-to-toe with Goliath makes for great TV, and improbable runs like George Mason’s Final Four appearance in 2006, Loyola Chicago’s Final Four run in 2018, and Villanova’s ascent from #8 seed to tournament champions in 1985 are called ‘Cinderella stories’ for a reason. People love…
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Initial Claims Fall to the Lowest Level of the Pandemic
“Initial claims fell to the lowest level of the pandemic, reflecting the benefits of easing government restrictions and suggesting an improving economic outlook.” – Robert Hughes
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Entrepreneurship: A Fading Virtue
“It is entrepreneurs who form the foundation and operational unit of Austrian economics but sadly, their importance is slowly fading from mainstream economic analysis. Such a view of economics not only fails to acknowledge a basic tenet of the economy, but opens the door to a perception of society that merely views individuals as numbers…
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MMT’s Inflation Battle Will End In A Draw
“Maybe this time is different, and perhaps this is the turning point – for MMT or for inflation. More likely, the fears and the ebullient promises will converge in a middle-of-the-way third option similar to what we saw after 2008: Politicians, pundits, economists, and central bankers talk, yet nothing much happens.” ~ Joakim Book
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New Orders for Durable-Goods Pull Back Slightly in February
“Manufacturers’ new orders for durable goods fell in February but the overall outlook continues to improve with the easing of government lockdowns.” – Robert Hughes
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Lockdown Tyranny: A Personal Retrospective
“Supreme Court Justice Samuel Alito declared late last year, ‘The pandemic has resulted in previously unimaginable restrictions on individual liberty.’ Unfortunately, unless there is a stark ruling from the Supreme Court, shutdowns could return whenever politicians can panic enough citizens with some new threat. But in the long run, people have more to fear from…
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Bigger Can Be Better, When Governments Step Out of The Way!
“If you take a hard glance at instances of big firms being accused of acting like monopolies, you will often find something similar to the Canadian telecoms case. This has an important implication for those who propose remedies to deal with ‘big firms’ (which they take to mean monopoly). Indeed, rather than placing the onus…
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•
The Presidents of Paine
“America suffers hyper-partisanship even in its courts of law. If Paine still exists on some spiritual plain, he certainly feels the pain of his adopted homeland as it struggles to revivify its founding principles and regain independence from King Woke.” ~ Robert E. Wright
-
•
The Alphabet Soup of Recessions
“Even if the economy is reopened, will small business be able to compete with enhanced unemployment benefits? And, what about their stack of IOUs from renters who are protected from eviction for the duration, and the decriminalization of shoplifting and the right kind of rioting? And, so, our outlook may be for an O-shaped economy;…
-
•
How Lockdowns Devastated the Cruise Industry
“Hopefully readers will also keep in mind how quickly politicians can wreck things, and how quickly their destruction robs people and businesses of dignity. Right now, the formerly soaring cruise industry is once again ‘waiting anxiously for Washington’s go-ahead to sail again.’ Please think about that. And how wrong it is.” ~ John Tamny
-
•
The Dramatic Brilliance Of March Madness
“There’s a reason vasectomies spike during March Madness: David going toe-to-toe with Goliath makes for great TV, and improbable runs like George Mason’s Final Four appearance in 2006, Loyola Chicago’s Final Four run in 2018, and Villanova’s ascent from #8 seed to tournament champions in 1985 are called ‘Cinderella stories’ for a reason. People love…
-
•
Initial Claims Fall to the Lowest Level of the Pandemic
“Initial claims fell to the lowest level of the pandemic, reflecting the benefits of easing government restrictions and suggesting an improving economic outlook.” – Robert Hughes
-
•
Entrepreneurship: A Fading Virtue
“It is entrepreneurs who form the foundation and operational unit of Austrian economics but sadly, their importance is slowly fading from mainstream economic analysis. Such a view of economics not only fails to acknowledge a basic tenet of the economy, but opens the door to a perception of society that merely views individuals as numbers…
-
•
MMT’s Inflation Battle Will End In A Draw
“Maybe this time is different, and perhaps this is the turning point – for MMT or for inflation. More likely, the fears and the ebullient promises will converge in a middle-of-the-way third option similar to what we saw after 2008: Politicians, pundits, economists, and central bankers talk, yet nothing much happens.” ~ Joakim Book
-
•
New Orders for Durable-Goods Pull Back Slightly in February
“Manufacturers’ new orders for durable goods fell in February but the overall outlook continues to improve with the easing of government lockdowns.” – Robert Hughes
-
•
Lockdown Tyranny: A Personal Retrospective
“Supreme Court Justice Samuel Alito declared late last year, ‘The pandemic has resulted in previously unimaginable restrictions on individual liberty.’ Unfortunately, unless there is a stark ruling from the Supreme Court, shutdowns could return whenever politicians can panic enough citizens with some new threat. But in the long run, people have more to fear from…
-
•
Bigger Can Be Better, When Governments Step Out of The Way!
“If you take a hard glance at instances of big firms being accused of acting like monopolies, you will often find something similar to the Canadian telecoms case. This has an important implication for those who propose remedies to deal with ‘big firms’ (which they take to mean monopoly). Indeed, rather than placing the onus…