Daily Economy
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A Comment on the New History of Capitalism
“Much of the current debate revolves around an emergent historiographical school. Usually referred to as the ‘New History of Capitalism’ (NHC), this school has produced a sizable body of research contending that the institution of slavery was a central building block of American capitalism. At the same time however, the NHC literature has come under…
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New Jersey’s Transaction Tax Grab
“The way in which political figures view financial markets are a litmus test for their overall understanding of economics.” ~ Peter C. Earle
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Single-Family Housing Permits Hit a Multi-Year High
“Single-family housing is becoming one of the strongest areas of the economy, supported by low mortgage rates and rising demand as urbanites transition to less dense housing.” – Robert Hughes
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Total Unemployment Benefits Recipients Remain Near 30 Million
“The number of unemployment benefits recipients remains very high, suggesting a slow labor market recovery and uncertain path for economic growth.” – Robert Hughes
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What’s the Right Mix of Money and Drugs for Your Employees?
“There isn’t a ‘right’ combination of wages, benefits, and other perquisites, and the pattern of things that ‘work’ for people is not planned by a central authority. It emerges from trial and error in the market.” ~ Art Carden
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South Dakota: America’s Sweden
“Under the leadership of South Dakota Governor Kristi Noem, the Great Plains state has effected a fortress of liberty and hope protected from the grasps of overbearing politicians. And interestingly enough, South Dakota policies echo many of the same values and approaches as Sweden, and both have uncoincidentally experienced positive outcomes.” ~ Amelia Janaskie
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NASA is Paying for Moon Rocks. The Implications for Space Commerce are Huge
“In ancient times, mankind extended the division of labor across tribes, turning enemies into friends. Later came trade across national boundaries, with similar largely peaceful effects. Now, humans are prepared to extend it still further: into the final frontier. Doux commerce is coming to the stars. NASA just made a ‘giant leap for mankind.’ Everyone…
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Retail Spending Rises in August But the Pace Slows
“Retail sales posted another gain in August, but the pace is slowing; persistent uncertainty regarding Covid-19 and government policies remains a significant risk to future growth.” – Robert Hughes
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Yes, 2021 Could Be Worse
“Buck up, buckaroos, because 2021 is just a cultural construct anyway. The world will improve not on an arbitrary day but when you all decide to make it a better place.” ~ Robert E. Wright
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Energy and Vehicle Production Fall While Other Industries Continue to Rebound
A manufacturing rebound continued in August, but recoveries vary widely across industries. Persistent uncertainty about Covid-19 and government policies continue to threaten the recovery.
-
•
A Comment on the New History of Capitalism
“Much of the current debate revolves around an emergent historiographical school. Usually referred to as the ‘New History of Capitalism’ (NHC), this school has produced a sizable body of research contending that the institution of slavery was a central building block of American capitalism. At the same time however, the NHC literature has come under…
-
•
New Jersey’s Transaction Tax Grab
“The way in which political figures view financial markets are a litmus test for their overall understanding of economics.” ~ Peter C. Earle
-
•
Single-Family Housing Permits Hit a Multi-Year High
“Single-family housing is becoming one of the strongest areas of the economy, supported by low mortgage rates and rising demand as urbanites transition to less dense housing.” – Robert Hughes
-
•
Total Unemployment Benefits Recipients Remain Near 30 Million
“The number of unemployment benefits recipients remains very high, suggesting a slow labor market recovery and uncertain path for economic growth.” – Robert Hughes
-
•
What’s the Right Mix of Money and Drugs for Your Employees?
“There isn’t a ‘right’ combination of wages, benefits, and other perquisites, and the pattern of things that ‘work’ for people is not planned by a central authority. It emerges from trial and error in the market.” ~ Art Carden
-
•
South Dakota: America’s Sweden
“Under the leadership of South Dakota Governor Kristi Noem, the Great Plains state has effected a fortress of liberty and hope protected from the grasps of overbearing politicians. And interestingly enough, South Dakota policies echo many of the same values and approaches as Sweden, and both have uncoincidentally experienced positive outcomes.” ~ Amelia Janaskie
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•
NASA is Paying for Moon Rocks. The Implications for Space Commerce are Huge
“In ancient times, mankind extended the division of labor across tribes, turning enemies into friends. Later came trade across national boundaries, with similar largely peaceful effects. Now, humans are prepared to extend it still further: into the final frontier. Doux commerce is coming to the stars. NASA just made a ‘giant leap for mankind.’ Everyone…
-
•
Retail Spending Rises in August But the Pace Slows
“Retail sales posted another gain in August, but the pace is slowing; persistent uncertainty regarding Covid-19 and government policies remains a significant risk to future growth.” – Robert Hughes
-
•
Yes, 2021 Could Be Worse
“Buck up, buckaroos, because 2021 is just a cultural construct anyway. The world will improve not on an arbitrary day but when you all decide to make it a better place.” ~ Robert E. Wright
-
•
Energy and Vehicle Production Fall While Other Industries Continue to Rebound
A manufacturing rebound continued in August, but recoveries vary widely across industries. Persistent uncertainty about Covid-19 and government policies continue to threaten the recovery.