Daily Economy
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Manufacturing Sector Starting to Grow Again
The ISM Manufacturing survey showed significant improvement in June with several components posting record monthly rates of gains.
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Robert William Fogel (1926-2013): A Birthday Appreciation
His students report that Fogel had a dictum: If it’s worth doing, it’s worth spending ten years of your life doing it right. Fogel was a master at finding the right questions, finding the right methods and data to answer them, and–importantly–putting in the work to ensure that in the long run, we get things…
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Ad Hominems Against Freedom
“The avenue to a peaceful, prosperous and truly color-blind free society will not come about through a victory by the identity politics warriors and the ideological high priests of political correctness. It requires an appreciation and defense of the liberal principles of individual liberty, equality of rights before the law, and a vibrant, open, and…
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Max Forrester Eastman: The Gangster of the Pen
“Max Eastman published detailed explanations that socialism, passed off as a social science, is in fact a disguised religious belief. Eastman revealed evidence of spiritual and animist elements in Marxism that, despite Karl Marx and others’ attempts to remove and erase them, are undeniably present throughout socialist ideology.” ~Lucio Saverio-Eastman
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Why Election Markets are Betting Against Trump
“Trump’s persona – and even his own base’s perception of him – has changed in this pandemic. He was once the man who would liberate the country from the establishment. He then became the chief executive ruling mostly through executive edict, and hence participated in and now celebrates the lockdowns that shattered people’s lives.” ~…
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“The Most Brilliant Economic Journalist Who Ever Lived”: A Birthday Appreciation of Frederic Bastiat
“Bastiat was one of the nineteenth century’s most eloquent defenders of liberty and dignity, and Joseph Schumpeter was clearly right to describe him as “the most brilliant economic journalist who ever lived.” He has heirs, but no equals.” ~ Art Carden
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Consumer Optimism Extends Rebound in June, But Outlook Remains Uncertain
Consumer attitudes improved somewhat in June, but resurging COVID-19 cases is sustaining doubts and increasing the uncertainty for the economic outlook.
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The Adverse Economic Consequences of Higher Tax Rates
“The political impact will be that “the rich” pay more. The economic impact will be less capital formation and entrepreneurship, and those are the changes that hurt the vast majority of us who aren’t rich.” ~ Daniel J. Mitchell
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Global Money Supply Growth and the Great Inflation Getaway
“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy…
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The Real Pandemic Was a Nursing Home Problem
“It is increasingly clear that despite driving the U.S. economy into an artificial depression, destroying tens of thousands of businesses and the lives of millions of citizens, and elevating rates of domestic violence, divorce, substance abuse, and suicide, US government policies failed to protect the most vulnerable segment of the population: individuals in nursing homes…
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•
Manufacturing Sector Starting to Grow Again
The ISM Manufacturing survey showed significant improvement in June with several components posting record monthly rates of gains.
-
•
Robert William Fogel (1926-2013): A Birthday Appreciation
His students report that Fogel had a dictum: If it’s worth doing, it’s worth spending ten years of your life doing it right. Fogel was a master at finding the right questions, finding the right methods and data to answer them, and–importantly–putting in the work to ensure that in the long run, we get things…
-
•
Ad Hominems Against Freedom
“The avenue to a peaceful, prosperous and truly color-blind free society will not come about through a victory by the identity politics warriors and the ideological high priests of political correctness. It requires an appreciation and defense of the liberal principles of individual liberty, equality of rights before the law, and a vibrant, open, and…
-
•
Max Forrester Eastman: The Gangster of the Pen
“Max Eastman published detailed explanations that socialism, passed off as a social science, is in fact a disguised religious belief. Eastman revealed evidence of spiritual and animist elements in Marxism that, despite Karl Marx and others’ attempts to remove and erase them, are undeniably present throughout socialist ideology.” ~Lucio Saverio-Eastman
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•
Why Election Markets are Betting Against Trump
“Trump’s persona – and even his own base’s perception of him – has changed in this pandemic. He was once the man who would liberate the country from the establishment. He then became the chief executive ruling mostly through executive edict, and hence participated in and now celebrates the lockdowns that shattered people’s lives.” ~…
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•
“The Most Brilliant Economic Journalist Who Ever Lived”: A Birthday Appreciation of Frederic Bastiat
“Bastiat was one of the nineteenth century’s most eloquent defenders of liberty and dignity, and Joseph Schumpeter was clearly right to describe him as “the most brilliant economic journalist who ever lived.” He has heirs, but no equals.” ~ Art Carden
-
•
Consumer Optimism Extends Rebound in June, But Outlook Remains Uncertain
Consumer attitudes improved somewhat in June, but resurging COVID-19 cases is sustaining doubts and increasing the uncertainty for the economic outlook.
-
•
The Adverse Economic Consequences of Higher Tax Rates
“The political impact will be that “the rich” pay more. The economic impact will be less capital formation and entrepreneurship, and those are the changes that hurt the vast majority of us who aren’t rich.” ~ Daniel J. Mitchell
-
•
Global Money Supply Growth and the Great Inflation Getaway
“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy…
-
•
The Real Pandemic Was a Nursing Home Problem
“It is increasingly clear that despite driving the U.S. economy into an artificial depression, destroying tens of thousands of businesses and the lives of millions of citizens, and elevating rates of domestic violence, divorce, substance abuse, and suicide, US government policies failed to protect the most vulnerable segment of the population: individuals in nursing homes…