Daily Economy
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A Warning from Two Hedge Fund Managers: Rigged to Fail
“At the end of the day, we should all learn from history. We have seen which monetary policies work and which ones fail. We know what a drunk looks like and we know an unsustainable market when we see one. Eventually there are consequences for risky behavior. Relying on proven principles may not be as…
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Do New York Times Headline Writers Believe Their Headlines?
“The New York Times might think about this as it publishes alarmist headlines that obscure actual truths reported within the paper. It’s sad when we lose our grandparents and old people more broadly, but it’s tragic to read of people starving, and heart-wrenching to contemplate formerly productive workers sitting, waiting for customers; increasingly aware that…
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Abolishing California Passenger Cars Could Reduce Global Greenhouse Gases – by 0.26%
“Governor Newsom claims the right to dictate what sort of new cars Californians can buy, but not until 2035. When 2035 arrives, a different California Governor and legislature will surely ignore Newsom’s political time bomb. For one state to switch to electric cars would be demonstrably irrelevant to global warming, but not to the right…
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Housing Remains a Bright Spot for the Economy
“The housing market has become a bright spot for the economy, supported by low interest rates and rising demand as urbanites move to less dense living areas.” – Robert Hughes
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Initial Claims for Unemployment Benefits Remain Stubbornly High
“Initial claims for unemployment benefits remain very high, suggesting a slow and uneven economic recovery.” – Robert Hughes
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Don’t Be a Party to Parties
“Despite the Founders’ dislike of political faction, critics might retort, we have had political parties since the early 1790s and the economy has grown at modern rates ever since. That is right, but America has managed to grow despite slavery and tariffs and scads of other bad policies enacted by partisans. Think of how rich…
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Why So Much Science is Wrong, False, Puffed, or Misleading
“The book, while scary and disheartening, is truth-seeking and ultimately optimistic. Ritchie doesn’t come to bury science; he comes to fix it. ‘The ideals of the scientific process aren’t the problem,’ he writes on the last page, ‘the problem is the betrayal of those ideals by the way we do research in practice.'” ~ Joakim…
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Top Twenty Lessons I’ve Learned in 2020
“Governments are fully capable of doing the unthinkable, and doing so suddenly with no exit plan, little consideration of cost, and a callous disregard for individual rights.” ~ Jeffrey Tucker
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Household Net Worth Hits A Record While Government and Corporate Debt Pile Up
“Despite the pandemic, restrictive government policies, and recession, household net worth rebounded to a new record but excessive debt in other sectors is a risk.” – Robert Hughes
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•
The Aristocracy of Pull
“The reader of Political Capitalism will be pulled away from blackboard models of perfect worlds we can imagine, but they will come away with a better understanding of the world we actually inhabit.” ~ Art Carden
-
•
A Warning from Two Hedge Fund Managers: Rigged to Fail
“At the end of the day, we should all learn from history. We have seen which monetary policies work and which ones fail. We know what a drunk looks like and we know an unsustainable market when we see one. Eventually there are consequences for risky behavior. Relying on proven principles may not be as…
-
•
Do New York Times Headline Writers Believe Their Headlines?
“The New York Times might think about this as it publishes alarmist headlines that obscure actual truths reported within the paper. It’s sad when we lose our grandparents and old people more broadly, but it’s tragic to read of people starving, and heart-wrenching to contemplate formerly productive workers sitting, waiting for customers; increasingly aware that…
-
•
Abolishing California Passenger Cars Could Reduce Global Greenhouse Gases – by 0.26%
“Governor Newsom claims the right to dictate what sort of new cars Californians can buy, but not until 2035. When 2035 arrives, a different California Governor and legislature will surely ignore Newsom’s political time bomb. For one state to switch to electric cars would be demonstrably irrelevant to global warming, but not to the right…
-
•
Housing Remains a Bright Spot for the Economy
“The housing market has become a bright spot for the economy, supported by low interest rates and rising demand as urbanites move to less dense living areas.” – Robert Hughes
-
•
Initial Claims for Unemployment Benefits Remain Stubbornly High
“Initial claims for unemployment benefits remain very high, suggesting a slow and uneven economic recovery.” – Robert Hughes
-
•
Don’t Be a Party to Parties
“Despite the Founders’ dislike of political faction, critics might retort, we have had political parties since the early 1790s and the economy has grown at modern rates ever since. That is right, but America has managed to grow despite slavery and tariffs and scads of other bad policies enacted by partisans. Think of how rich…
-
•
Why So Much Science is Wrong, False, Puffed, or Misleading
“The book, while scary and disheartening, is truth-seeking and ultimately optimistic. Ritchie doesn’t come to bury science; he comes to fix it. ‘The ideals of the scientific process aren’t the problem,’ he writes on the last page, ‘the problem is the betrayal of those ideals by the way we do research in practice.'” ~ Joakim…
-
•
Top Twenty Lessons I’ve Learned in 2020
“Governments are fully capable of doing the unthinkable, and doing so suddenly with no exit plan, little consideration of cost, and a callous disregard for individual rights.” ~ Jeffrey Tucker
-
•
Household Net Worth Hits A Record While Government and Corporate Debt Pile Up
“Despite the pandemic, restrictive government policies, and recession, household net worth rebounded to a new record but excessive debt in other sectors is a risk.” – Robert Hughes
-
•
The Aristocracy of Pull
“The reader of Political Capitalism will be pulled away from blackboard models of perfect worlds we can imagine, but they will come away with a better understanding of the world we actually inhabit.” ~ Art Carden