The Daily Economy
Inflation Remained Below Target in August
“More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral.” ~William J. Luther
Will the Fed Repeat 1970s Policy Mistakes?
“Without structural reforms, inflation will continue to threaten the purchasing power of Americans.” ~Vance Ginn
Resource Allocation: Why You Can’t ‘Just Ignore the Economists’
“Rather than paying with money, those in search of scarce goods people will pay with their time and effort.” ~David Hebert
The Greed Theory of Inflation and the Cowardice of Economists
“By the Harris Greed Theory, corporations became increasingly greedy from June 2020 to June of 2022, and then became less greedy over time.” ~David Rose
‘Am I a Racist?’ Packs a Potent Political Punch: Ridicule
“‘Am I a Racist?’ isn’t just brilliant. It’s funny — and that’s more important.” ~Jon Miltimore
Wealth Inequality Is a Result of Prosperity
“Wealth inequality does seem to be growing, but wealth is growing for the bottom 50 percent too, not just the top.” ~Jason Sorens
Principles are the Antidote to Politics
“Jefferson understood that those who cannot even control themselves should hardly seek to control others.” ~Barry Brownstein
Destroying Creative Destruction: Volkswagen, Germany, and the Will to Power
“Bureaucratic sclerosis displays its own cycles of creative destruction.” ~Paul Schwennesen
Organ Shortage: Two Ways to Boost Supply
“Every now and then we encounter a problem that does have a solution. The kidney shortage is one of these problems.” ~Don Boudreaux
Biden-Harris Magical Labor Market Claims
“Damage to real wages began with Biden’s ‘Day One’ energy and regulatory Executive Orders, which reduced productivity and real GDP.” ~John Tatom
Alfred Marshall’s Scissors
“There is simply no necessary relationship between cost and price.” ~Michael Munger
Ford’s Massive Retreat From EVs, Explained
“The costs of listening to industry experts and politicians in Washington instead of consumers — and profits — have been severe.” ~Jon Miltimore
