Daily Economy
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Lack of Confidence in Government Stifles Consumer Sentiment Recovery
Policy uncertainty is smothering the recovery in consumer sentiment, putting the economic rebound at risk.
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COVID Lockdowns Will Kill Christmas
“Aside from following the New Zealand route, or wastefully pouring money into a failing postal system (or scrapping the USPS altogether), our only option is to open up travel, and encourage individuals to accept responsibility for their own safety. Because hiding in fear is not living. Otherwise, I hope our politicians can live with telling…
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Manufacturing Activity Remains Well Below Pre-Lockdown Levels
A manufacturing rebound continued in July, but activity remains well below pre-lockdown levels. Heightened uncertainty about COVID-19 and future government policies threaten the recovery.
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Retail Spending Hits New High in July but Gains Are Not Consistent Among Categories
Retail sales rose to a new high in July, recovering from the policy-induced economic coma but rising uncertainty is a significant risk to future growth.
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Reform the Supreme Court? Read the Federalist Papers
“Senator Harris and her Progressive allies would do best for the country to attempt to restore respect and understanding of the Supreme Court, not undermine it by turning it into another political game. What’s at stake is a carefully crafted legal system that stands between a free society and tyranny from the few as well…
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King Canute and the Virus Tide
“I doubt seriously that our arrogant rulers intended to teach the lesson that King Canute taught his subjects. But teach they have, nonetheless.” ~ Jeffrey Tucker
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Initial Claims for Unemployment Benefits Drop Below One Million
Initial claims for unemployment benefits fell in the latest week but unemployment remains very high, suggesting complete economic recovery may be a long way off.
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Consequences of Lockdowns: The Case of Maine
“The evidence available in March suggested the vast majority of people would not suffer severe illness from the virus. This should have led state leaders to focus limited resources on protecting the most vulnerable in society. However Gov. Mills opted to shut down the entire state.” ~ AIER Staff
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On This Day, The Berlin Wall Began to Rise
“Modern Germany is deceptively unified––so much so that it has become easy to relegate the cautionary tale of the GDR to the history books. But the ideology that gave rise to the Berlin Wall persists around the world. For as happily as we celebrate the day it came down, the day it rose must always…
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The Art of the Shakedown
“Looking ahead to a more authoritarian future, will old-fashioned lobbying be enough to secure a measure of business freedom any more? What new steps will businesses need to take in the future to protect themselves from presidents who, instead of the Art of the Deal, prefer the Art of the Shakedown?” ~ Raymond C. Niles
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•
Lack of Confidence in Government Stifles Consumer Sentiment Recovery
Policy uncertainty is smothering the recovery in consumer sentiment, putting the economic rebound at risk.
-
•
COVID Lockdowns Will Kill Christmas
“Aside from following the New Zealand route, or wastefully pouring money into a failing postal system (or scrapping the USPS altogether), our only option is to open up travel, and encourage individuals to accept responsibility for their own safety. Because hiding in fear is not living. Otherwise, I hope our politicians can live with telling…
-
•
Manufacturing Activity Remains Well Below Pre-Lockdown Levels
A manufacturing rebound continued in July, but activity remains well below pre-lockdown levels. Heightened uncertainty about COVID-19 and future government policies threaten the recovery.
-
•
Retail Spending Hits New High in July but Gains Are Not Consistent Among Categories
Retail sales rose to a new high in July, recovering from the policy-induced economic coma but rising uncertainty is a significant risk to future growth.
-
•
Reform the Supreme Court? Read the Federalist Papers
“Senator Harris and her Progressive allies would do best for the country to attempt to restore respect and understanding of the Supreme Court, not undermine it by turning it into another political game. What’s at stake is a carefully crafted legal system that stands between a free society and tyranny from the few as well…
-
•
King Canute and the Virus Tide
“I doubt seriously that our arrogant rulers intended to teach the lesson that King Canute taught his subjects. But teach they have, nonetheless.” ~ Jeffrey Tucker
-
•
Initial Claims for Unemployment Benefits Drop Below One Million
Initial claims for unemployment benefits fell in the latest week but unemployment remains very high, suggesting complete economic recovery may be a long way off.
-
•
Consequences of Lockdowns: The Case of Maine
“The evidence available in March suggested the vast majority of people would not suffer severe illness from the virus. This should have led state leaders to focus limited resources on protecting the most vulnerable in society. However Gov. Mills opted to shut down the entire state.” ~ AIER Staff
-
•
On This Day, The Berlin Wall Began to Rise
“Modern Germany is deceptively unified––so much so that it has become easy to relegate the cautionary tale of the GDR to the history books. But the ideology that gave rise to the Berlin Wall persists around the world. For as happily as we celebrate the day it came down, the day it rose must always…
-
•
The Art of the Shakedown
“Looking ahead to a more authoritarian future, will old-fashioned lobbying be enough to secure a measure of business freedom any more? What new steps will businesses need to take in the future to protect themselves from presidents who, instead of the Art of the Deal, prefer the Art of the Shakedown?” ~ Raymond C. Niles