Daily Economy
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The Danger of the Administrative State
“What was a handful of executive agencies at the beginning of the republic has now become an expansive list of alphabet soup abbreviations, some with their own SWAT teams and court systems. The administrative state not only saps our treasure and stifles our creativity but it drains our spirit. If left unchecked it will surely…
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Lower Income Households Pull Down Consumer Sentiment in February
“Consumer sentiment fell in February, driven by a weaker economic outlook, especially among lower-income consumers.” – Robert Hughes
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Government Transfer Payments Distort Personal Income in January
“Personal income jumped in January as government payments surged but excluding government distortions, incomes fell.” – Robert Hughes
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Are the Conditions Right for Another Commodity Super-Cycle?
“With unemployment rates still elevated and much of the global economy in some form of lockdown, it is hard to imagine the conditions for an economic boom, especially one that will see wage increases, but the size and scale of the global monetary and fiscal response to the pandemic is unprecedented. It creates the conditions…
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The Utter Futility of a Bitcoin Ban
“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds…
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The Foundations of American Political Thought
“The three major schools of thought we outline all try to put forward a vision for society that prioritizes liberty and well-being. They have their own unique histories and doctrines that understanding not only enlightens one to their finer workings but also to the forces that shape human civilization. Understanding the intellectual foundations of these…
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How to Beat the Permanent Covidocracy
“Despite the declines in alleged infections and deaths, vaccine rollouts, and continued progress in finding possible treatments for Covid-19, the pandemic panic remains at high pitch. Until there’s some restoration of reason, we’re shooting BBs at a bull elephant. As Charles MacKay observed in his 1852 classic Extraordinary Popular Delusions and the Madness of Crowds,…
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Core Capital-Goods Orders Hit Another Record High in January
“Manufacturers’ new orders for durable goods rose in January, with core capital goods hitting another record high. The strong showing is a positive sign for the overall outlook.” – Robert Hughes
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•
Initial Claims Fall to the Lowest Level Since November
“Initial claims fell to the lowest level since November, but overall, data suggest the labor market remains fragile.” – Robert Hughes
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•
Yes, This Time We’ll Have Inflation, and Here’s Why
“The political forces supportive of anti-growth policies such as trade restrictions, higher minimum wages, perverse energy regulations, and cronyism appear to be on the rise, and they will dampen future growth. But inflation is going to be the big story of the post-pandemic economy. Get ready for an inflationary ride.” ~ James D. Gwartney
-
•
The Danger of the Administrative State
“What was a handful of executive agencies at the beginning of the republic has now become an expansive list of alphabet soup abbreviations, some with their own SWAT teams and court systems. The administrative state not only saps our treasure and stifles our creativity but it drains our spirit. If left unchecked it will surely…
-
•
Lower Income Households Pull Down Consumer Sentiment in February
“Consumer sentiment fell in February, driven by a weaker economic outlook, especially among lower-income consumers.” – Robert Hughes
-
•
Government Transfer Payments Distort Personal Income in January
“Personal income jumped in January as government payments surged but excluding government distortions, incomes fell.” – Robert Hughes
-
•
Are the Conditions Right for Another Commodity Super-Cycle?
“With unemployment rates still elevated and much of the global economy in some form of lockdown, it is hard to imagine the conditions for an economic boom, especially one that will see wage increases, but the size and scale of the global monetary and fiscal response to the pandemic is unprecedented. It creates the conditions…
-
•
The Utter Futility of a Bitcoin Ban
“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds…
-
•
The Foundations of American Political Thought
“The three major schools of thought we outline all try to put forward a vision for society that prioritizes liberty and well-being. They have their own unique histories and doctrines that understanding not only enlightens one to their finer workings but also to the forces that shape human civilization. Understanding the intellectual foundations of these…
-
•
How to Beat the Permanent Covidocracy
“Despite the declines in alleged infections and deaths, vaccine rollouts, and continued progress in finding possible treatments for Covid-19, the pandemic panic remains at high pitch. Until there’s some restoration of reason, we’re shooting BBs at a bull elephant. As Charles MacKay observed in his 1852 classic Extraordinary Popular Delusions and the Madness of Crowds,…
-
•
Core Capital-Goods Orders Hit Another Record High in January
“Manufacturers’ new orders for durable goods rose in January, with core capital goods hitting another record high. The strong showing is a positive sign for the overall outlook.” – Robert Hughes
-
•
Initial Claims Fall to the Lowest Level Since November
“Initial claims fell to the lowest level since November, but overall, data suggest the labor market remains fragile.” – Robert Hughes
-
•
Yes, This Time We’ll Have Inflation, and Here’s Why
“The political forces supportive of anti-growth policies such as trade restrictions, higher minimum wages, perverse energy regulations, and cronyism appear to be on the rise, and they will dampen future growth. But inflation is going to be the big story of the post-pandemic economy. Get ready for an inflationary ride.” ~ James D. Gwartney