Daily Economy
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Free Markets are Lousy Self-Promoters
“Precisely because free and innovative markets ceaselessly expand our range of opportunities, comparing the economic statistics of today with those of yesterday too often masks the improvements brought to us by markets. What appear to blinkered or incautious eyes to be market failures are often the fruits of market successes.” ~ Donald J. Boudreaux
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Broadway Closed but Porcfest Stayed Open
“These are people for whom freedom is not just a theoretical parlor game played by intellectuals. Freedom for the people at this event is something that is embraced as a life principle, something to be applied with bravery, determination, and joy. By holding the event this year, Porcfest kept its great tradition.” ~ Jeffrey Tucker
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The Office Will Come Back
“It’s so easy amid political panic for the all-knowing to contend that “this time is different.” Not really. Some things never change. One thing that won’t is the value gained by people working alongside one another.” ~ John Tamny
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Surrounded by Government Failure, Why Do People Still Believe?
“We should continue fighting the battle of ideas because when we are deep into the mess that both parties, and their underlying ideologies, are creating, some people will look for answers and for solutions outside the state.” ~ Veronique de Rugy
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New Outbreaks Are Causing Regional Disparities in Consumer Sentiment
Consumer attitudes are improving along with the easing restrictions, but significant concerns regarding the outlook remain, especially with regard to new outbreaks in some states.
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Easing Restrictions Helped Boost Wages in May
Consumer spending rebounded in May as lockdown policies eased but massive distortions to economic activity continue.
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Small Convertibles are Safer? Why?
“A seemingly dangerous car makes the driver aware of the dangers of hurling down the road at high speeds while being surrounded by drivers who are clueless about how terrifying driving truly is. Having such awareness is crucial to driving safely and defensively. That is why there are fewer crashes and fewer deaths in convertibles.”…
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Manufacturers’ New Durable-Goods Orders Rebound in May
Manufacturers’ new orders for durable goods partially rebounded in May showing that as government restrictions are eased, economic growth is likely to re-emerge.
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Reopening is Helping Drive Initial Unemployment Claims Lower
Reopening of the economy should help bring an end to the policy-induced recession of 2020 but the damage has been severe.
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Slavery Did Not Enrich Americans
“The New History of Capitalism misfires badly, however, in its interpretation of these facts. Slavery was not necessary for cotton, and cotton was not necessary for industrialization. Had chattel slavery never taken hold in the United States, we would very likely be richer than we are today.” ~ Art Carden
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Free Markets are Lousy Self-Promoters
“Precisely because free and innovative markets ceaselessly expand our range of opportunities, comparing the economic statistics of today with those of yesterday too often masks the improvements brought to us by markets. What appear to blinkered or incautious eyes to be market failures are often the fruits of market successes.” ~ Donald J. Boudreaux
-
•
Broadway Closed but Porcfest Stayed Open
“These are people for whom freedom is not just a theoretical parlor game played by intellectuals. Freedom for the people at this event is something that is embraced as a life principle, something to be applied with bravery, determination, and joy. By holding the event this year, Porcfest kept its great tradition.” ~ Jeffrey Tucker
-
•
The Office Will Come Back
“It’s so easy amid political panic for the all-knowing to contend that “this time is different.” Not really. Some things never change. One thing that won’t is the value gained by people working alongside one another.” ~ John Tamny
-
•
Surrounded by Government Failure, Why Do People Still Believe?
“We should continue fighting the battle of ideas because when we are deep into the mess that both parties, and their underlying ideologies, are creating, some people will look for answers and for solutions outside the state.” ~ Veronique de Rugy
-
•
New Outbreaks Are Causing Regional Disparities in Consumer Sentiment
Consumer attitudes are improving along with the easing restrictions, but significant concerns regarding the outlook remain, especially with regard to new outbreaks in some states.
-
•
Easing Restrictions Helped Boost Wages in May
Consumer spending rebounded in May as lockdown policies eased but massive distortions to economic activity continue.
-
•
Small Convertibles are Safer? Why?
“A seemingly dangerous car makes the driver aware of the dangers of hurling down the road at high speeds while being surrounded by drivers who are clueless about how terrifying driving truly is. Having such awareness is crucial to driving safely and defensively. That is why there are fewer crashes and fewer deaths in convertibles.”…
-
•
Manufacturers’ New Durable-Goods Orders Rebound in May
Manufacturers’ new orders for durable goods partially rebounded in May showing that as government restrictions are eased, economic growth is likely to re-emerge.
-
•
Reopening is Helping Drive Initial Unemployment Claims Lower
Reopening of the economy should help bring an end to the policy-induced recession of 2020 but the damage has been severe.
-
•
Slavery Did Not Enrich Americans
“The New History of Capitalism misfires badly, however, in its interpretation of these facts. Slavery was not necessary for cotton, and cotton was not necessary for industrialization. Had chattel slavery never taken hold in the United States, we would very likely be richer than we are today.” ~ Art Carden