Daily Economy News

The Metaphysics of Lockdown, According to Albert Camus

– July 7, 2020

“This drastic, clean-cut deprivation and our complete ignorance of what the future held in store had taken us unawares; we were unable to react against the mute appeal of presences, still so near and already so far, which haunted us daylong. In fact, our suffering was twofold; our own to start with, and then the imagined suffering of the absent one, son, mother, wife, or mistress.” ~ Albert Camus

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ISM Nonmanufacturing Index Posts Record Gain in June

– July 6, 2020

The nonmanufacturing sector expanded in June amid easing restrictions but surging new cases of COVID-19 and potential policy responses remain significant risks.

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Liberty Is the Theme of the American Spirit

– July 6, 2020

“However you may have enjoyed and celebrated the 4th of July in these unusual times, be sure to keep in mind that what that day is really all about is the hope and reality of free human beings in a free world based on the moving and profoundly moral ideals expressed in the Declaration of Independence: that individual liberty is natural, moral, and necessary if people are to find personal happiness and fulfillment, along with prosperity.” ~ Richard M. Ebeling

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Strata of the Unseen

– July 6, 2020

“When an economist reminds you to pay attention to what is unseen, he or she counsels you to humbly understand that a modern market economy is far too complex and inescapably reliant upon trial-and-error experimentation to enable the interventionist schemes that are forever being proposed to succeed.” ~ Donald J. Boudreaux

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June Unit-Auto Sales Post a 13-million Annualized Rate

– July 6, 2020

Auto sales continued to rebound in June following a two-month plunge during lockdowns but remain well below the prior range.

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What Good Comes from this Tragedy?

– July 6, 2020

“I suspect that many intelligent people have lost faith in the news, re-discovered frugality, and found a new way to commit themselves to the defense of liberty and human rights. In the coming days, we are going to need stronger and smarter minds to fight the battles of the future. These terrible months might have been the preparation we need to make sure that truth and freedom eventually prevail.” ~ Jeffrey Tucker

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Safety First is a Bad Ideology

– July 5, 2020

“With the birth of capitalism, we tolerated social mobility: both downward and more heroically, upward. The churning of the social space is consistent with a greater toleration of risk. Maybe we haven’t convinced you with regard to public health issues during a pandemic, but at least consider the weight placed on safety the next time you use a satellite connected device, visit a beach, or take an antibiotic.” ~ Diana & Michael Thomas

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The American Revolution Occurred in the Middle of a Pandemic

– July 4, 2020

“For soldiers in the Revolutionary War, COVID-19 would have been hardly noticed. Instead they dealt with a disease far more ghastly. And yet they fought. For freedom.” ~ Jeffrey Tucker

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The Dubious Origins of the Lockdown Idea (podcast)

– July 4, 2020

Peter R. Quinones interviewed me on his podcast on the topic: the origin of the lockdown idea. This was the basis of my speech at Porcfest which was not recorded at my request. This is more-or-less a 50 minute version done in an interview format. Liste …

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Smash the COVID Orthodoxy

– July 4, 2020

“In a time of industrial levels of draconian lockdown measures, of fear-mongering and politicization, a failure to speak out against the orthodoxy will only lead to more pain and suffering. Perhaps the status quo is the best way forward, but we will never know unless we have more voices in the conversation. When this is all over, history will remember those who were brave enough to speak out, insightful enough to weigh all the options, wise enough to consider the future, and most importantly those who stood for principle.” ~ Ethan Yang

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