Daily Economy
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Who Should Be on Trump’s New C-19 Advisory Commission?
“The whole country is wallowing in myth-driven panic and confusion, and the political class is doing nothing to fix that. Media certainly isn’t helping. It’s perhaps a forlorn hope that Trump himself could get smart, show a bit of humility, and press the reset button.” ~ Jeffrey Tucker
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Do We Really Need More Movie Sequels? If the Market Says So, Then Yes We Do
“Studios make sequels because they expect them to be profitable. This is a good thing, though, because they are working to make Mickey and Minnie Moviegoer better off as Mickey and Minnie choose to define it according to their own preferences, values, goals, and opportunities.” ~ Art Carden
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Initial Claims for Unemployment Benefits Shrank Again but Remain High
New unemployment claims slowed again but remain high. Other labor market data as well as broader activity measures look more positive but surging new COVID-19 cases could derail growth.
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Retail Spending Returned to Trend in June
Retail sales posted another big gain in June, further recovering from the policy-induced economic coma but rising new COVID-19 cases are a risk to future growth.
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Sham Bailout Statistics Shroud Shutdown Tyranny
“There is no reason to assume that Trump’s policies are better than his PPP data. Since the onset of the pandemic, both political parties and officials at all levels of government have often performed dismally. The biggest mistake Americans could make would be to permit politicians to absolve themselves now by giving away more of…
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The New York Times Revives Its Grim Past
“The news reporting and editorial policies of the New York Times today remind me of 1932 and the way in which journalism is being used to push out dogma over truth, selective facts over full and balanced coverage, ideology over tolerance, propaganda over diversity of opinion, and an aggressive political agenda over humane and careful…
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Manufacturing Activity Increases for A Second Month but Full Recovery Still Far Off
Easing of lockdown policies in May and June is helping the economy on the path to recovery but surging new COVID-19 cases and deaths could derail the progress.
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How Much Should You Sell Your Vote For This November?
“All that can be said for certain is that in most states it is now quite possible to do so and that the masked stranger does not even have to work for a political party or candidate. In fact, vote buying solves problems for donors by ensuring maximum effect for each dollar spent and by…
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On Externalities and Noise
“There is no world where trade-offs don’t apply, where we can have all the nice things we want without anybody, anywhere, getting upset. Externalities are everywhere, but if we want to live prosperous lives, some part of those lives will be impacted by others. Get over it.” ~ Joakim Book
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The Fed’s Liquidity Confusion
“Fed lending to nonbank companies and municipalities is not liquidity provision; it’s credit allocation. It’s an area in which the Fed should not be involved.” ~ Thomas L. Hogan
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•
Who Should Be on Trump’s New C-19 Advisory Commission?
“The whole country is wallowing in myth-driven panic and confusion, and the political class is doing nothing to fix that. Media certainly isn’t helping. It’s perhaps a forlorn hope that Trump himself could get smart, show a bit of humility, and press the reset button.” ~ Jeffrey Tucker
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•
Do We Really Need More Movie Sequels? If the Market Says So, Then Yes We Do
“Studios make sequels because they expect them to be profitable. This is a good thing, though, because they are working to make Mickey and Minnie Moviegoer better off as Mickey and Minnie choose to define it according to their own preferences, values, goals, and opportunities.” ~ Art Carden
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•
Initial Claims for Unemployment Benefits Shrank Again but Remain High
New unemployment claims slowed again but remain high. Other labor market data as well as broader activity measures look more positive but surging new COVID-19 cases could derail growth.
-
•
Retail Spending Returned to Trend in June
Retail sales posted another big gain in June, further recovering from the policy-induced economic coma but rising new COVID-19 cases are a risk to future growth.
-
•
Sham Bailout Statistics Shroud Shutdown Tyranny
“There is no reason to assume that Trump’s policies are better than his PPP data. Since the onset of the pandemic, both political parties and officials at all levels of government have often performed dismally. The biggest mistake Americans could make would be to permit politicians to absolve themselves now by giving away more of…
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•
The New York Times Revives Its Grim Past
“The news reporting and editorial policies of the New York Times today remind me of 1932 and the way in which journalism is being used to push out dogma over truth, selective facts over full and balanced coverage, ideology over tolerance, propaganda over diversity of opinion, and an aggressive political agenda over humane and careful…
-
•
Manufacturing Activity Increases for A Second Month but Full Recovery Still Far Off
Easing of lockdown policies in May and June is helping the economy on the path to recovery but surging new COVID-19 cases and deaths could derail the progress.
-
•
How Much Should You Sell Your Vote For This November?
“All that can be said for certain is that in most states it is now quite possible to do so and that the masked stranger does not even have to work for a political party or candidate. In fact, vote buying solves problems for donors by ensuring maximum effect for each dollar spent and by…
-
•
On Externalities and Noise
“There is no world where trade-offs don’t apply, where we can have all the nice things we want without anybody, anywhere, getting upset. Externalities are everywhere, but if we want to live prosperous lives, some part of those lives will be impacted by others. Get over it.” ~ Joakim Book
-
•
The Fed’s Liquidity Confusion
“Fed lending to nonbank companies and municipalities is not liquidity provision; it’s credit allocation. It’s an area in which the Fed should not be involved.” ~ Thomas L. Hogan