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The Doom Is Impending, From Lockdowns but Not the Virus

“Medical science and targeted help versus a blunderbuss non-science-based political power grab is what the so-called Covid crisis has been about since the very beginning. Yet the apparatchiks who falsely seized power are not about to give it up—vaccinations, herd immunity and plunging cases notwithstanding. That’s the real impending doom.” ~ David Stockman

April 1, 2021

Manufacturing Survey Suggests Strong Momentum

“The Institute for Supply Management survey of manufacturers suggests broadening expansion for the sector in March.” – Robert Hughes

Biden and the Lockdown Governors Need Canute thinking

“No wonder the Central Planners are angry and scared. Benjamin Franklin warned, ‘They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.’ Heaven help us if we prove him right, accepting government mask mandates and personal restrictions ironically for ‘feelings of empowerment.’” ~ Jon Sanders

The Day that Trump Panicked, and Wrecked His Presidency

“Trump didn’t act like Trump. Positioned to be himself, and in the process scoring monumental victories of the political, economic, and statesmen variety, Trump lost his nerve. We suffer to varying degrees his inability to be true to himself last March to this very day. The problem was that Trump panicked.” ~ John Tamny

Initial Claims Rise but the Outlook for Jobs is Improving

“Initial claims ticked up from the prior week’s pandemic low, but the outlook continues to improve as government restrictions on consumers and businesses are eased.” – Robert Hughes

Cancel Culture Is Just the Beginning

“In fact, the current arrangement defies the revolutionary credo that there should be no taxation without representation. The notion was that instead of taxing the people directly, large, distant governments, like those in London and later Washington, should tax only indirectly, like with tariffs or imposts, lest the harpies feared by Jefferson, Parker, and the other Founders multiply and eat out the people’s substance.” ~ Robert E. Wright

Just Because There’s No Price Doesn’t Mean There’s No Cost: Covid-19 Vaccine Edition

“The policy response to the Covid pandemic has been a master class in government failure: governments around the world have messed up their responses time and time again. It isn’t because they are bad people, necessarily, nor is it because they are incompetent. It is because ‘The Problem’ is a set of innumerable smaller problems for which, as Friedrich Hayek pointed out, the relevant knowledge of ‘the particular circumstances of time and place’ cannot confront political decision-makers as data. It emerges from action, exchange, and the prices they produce.” ~ Art Carden

The Time Has Come for Anti-Lockdown Amendments

“Covid-19 exposed what governors could do in the absence of strong reforms. Without swift and deliberate action there will be another episode of drunken power grabs under the guise of a different threat in the not-too-distant future. The time is now for universal sobriety on this matter and for freedom-loving citizens across the country to rise up and say: never again.” ~ Ethan Yang

Understanding The Rise In Inflation Expectations

“Bond markets are currently pricing in a little more than two percent inflation on average over the next ten years, which suggests inflation will pick up. So far, Fed officials seem willing to permit inflation to run a bit high over the next decade. Whether they will remain so permissive when the inflation numbers start rolling in––or, ratchet up IOR to bring inflation down to two percent––remains to be seen.” ~ Nicolás Cachanosky