Daily Economy
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Job Openings Decline in August, Continuing Downward Trend
Private-sector job openings have fallen in six of the past nine months, suggesting that erratic and incoherent policy may be undermining confidence in the economic outlook.
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The Marginal Marginalist from Prague
Cheers to Franz Cuhel, long dead, long forgotten, not even translated to English, and now not even mentioned by current historians of the Austrian School.
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Americans Aren’t Volunteering or Giving to Charity Because They’re Broke
With the U.S. government taking in more taxes each year, it is clear that Americans aren’t able to use their hard-earned money for good. Perhaps that’s one of the main reasons why Americans aren’t volunteering as often as we once did.
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Banking with the Amish
Americans don’t need government plans to solve problems; they just need to be allowed to innovate without undue restriction in an environment where property rights find sufficient protection.
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Yield Curve Inversions Don’t Improve Investment Outcomes
In light of the yield curve signal’s inability to overperform, it seems that for most investors the takeaway is that yield curve inversions are mostly noise. Ignore them and stick to your strategy.
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No, the Poor Don’t Pay Higher Taxes Than the Rich
A new report in the New York Times claims the ultra-wealthy pay a lower tax rate than the poor. A closer look at tax statistics reveals that story is also likely wrong.
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Small-Business Optimism Faded A Bit in September, But Remains High
Small-business confidence remained solid in September, but labor shortages and policy uncertainty are major concerns.
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Protectionism Sows the Seeds of Its Own Destruction
While Marx predicted inevitable doom for a system built on the decisions of billions of individuals, we know today that trying to control and plan those decisions is where leaders truly make an economic deal with the devil.
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•
Job Openings Decline in August, Continuing Downward Trend
Private-sector job openings have fallen in six of the past nine months, suggesting that erratic and incoherent policy may be undermining confidence in the economic outlook.
-
•
The Marginal Marginalist from Prague
Cheers to Franz Cuhel, long dead, long forgotten, not even translated to English, and now not even mentioned by current historians of the Austrian School.
-
•
Americans Aren’t Volunteering or Giving to Charity Because They’re Broke
With the U.S. government taking in more taxes each year, it is clear that Americans aren’t able to use their hard-earned money for good. Perhaps that’s one of the main reasons why Americans aren’t volunteering as often as we once did.
-
•
Banking with the Amish
Americans don’t need government plans to solve problems; they just need to be allowed to innovate without undue restriction in an environment where property rights find sufficient protection.
-
•
Yield Curve Inversions Don’t Improve Investment Outcomes
In light of the yield curve signal’s inability to overperform, it seems that for most investors the takeaway is that yield curve inversions are mostly noise. Ignore them and stick to your strategy.
-
•
No, the Poor Don’t Pay Higher Taxes Than the Rich
A new report in the New York Times claims the ultra-wealthy pay a lower tax rate than the poor. A closer look at tax statistics reveals that story is also likely wrong.
-
•
Small-Business Optimism Faded A Bit in September, But Remains High
Small-business confidence remained solid in September, but labor shortages and policy uncertainty are major concerns.
-
-
-
•
Protectionism Sows the Seeds of Its Own Destruction
While Marx predicted inevitable doom for a system built on the decisions of billions of individuals, we know today that trying to control and plan those decisions is where leaders truly make an economic deal with the devil.