Gas and Groceries Pull Down the Everyday Price Index in November
“AIER’s Everyday Price Index fell 0.2 percent in November, led by gas and groceries. Effects of the pandemic and government restrictions may impact relative prices in the short term.” – Robert Hughes
The Problem of Systematic Corruption
“What is to be done? We have to keep the promise of liberty, especially of voluntary association and competitive markets, alive and remember that no matter how bad things get, the solution to most of our problems, radically smaller government and greatly increased economic freedom, can always be implemented tomorrow, one way or another.” ~ Robert E. Wright
HeterosKedasticity or HeterosCedasticity, That Is the Question
“The deviation of the real world from normal gives opportunity for improvement, if we are able to take advantage of positive deviations and minimize the harm of negative deviations. If we can do that, things don’t average out. Progress can come out of the filtering of randomness. Our worth, as individuals, comes not merely how we are similar to others, but to how we are different.” ~ Clifford F. Thies
Weekly Initial Claims for Unemployment Benefits Jump to an Eleven-Week High
“Initial claims for unemployment benefits rose again, sustaining doubts about the durability of the recovery.” – Robert Hughes
A Simpler and More Accurate Way to Teach Money to Students
“Money isn’t best thought of as a medium of exchange, unit of account, and store of value. Let’s just think of it as just a medium of exchange and a unit of account. For the most part these circles overlap, and the two functions are united. But this isn’t always the case.” ~ J.P. Koning
More Mixed Signals for Labor Market
“Job openings and layoffs both rose in October, suggesting a mixed picture for the labor market. With new restrictions on the rise, the outlook remains highly uncertain.” – Robert Hughes
“We Hadn’t Really Thought Through the Economic Impacts” ~ Melinda Gates
“The authors of the Great Barrington Declaration never had any doubt that eventually most everyone would come to see that the traditional principles of public health prevail over the previously untested and now failed policy of lockdowns.” ~Jeffrey A. Tucker
The Biggest Janet Yellen Red Flag Is George Akerlof
“While Yellen is surely smart in the book sense, there’s absolutely nothing remarkable about her economic knowledge. In truth, her ideology is very unoriginal, and is rooted in the hard-to-credit view that economic growth can be engineered via the forced redistribution of wealth from producers to consumers.” ~ John Tamny
Covid Policies Have Caused Industrial Consolidation
“Lockdowns have increased inequality, concentrated wealth, and hurt the poor in ways opponents of capitalism claim free markets do.” ~ Peter C. Earle & Fiona Harrigan
There is a More Beautiful Melody than Fear
“A more beautiful melody would be the songs of liberty that remind us how human beings flourish and what free people can achieve. Such songs must be plentiful and unforgettable, or the sirens’ calls of authoritarians will rule the day during a social mood winter.” ~ Barry Brownstein
