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Presidential Impeachment and US Equity Markets
“The gradual pace of what is fundamentally a political (as opposed to legal) action tends to result in dampened, rather than heightened, volatility. And nearly as soon as any latent uncertainties are ironed out, broader economic trends resume driving the direction of financial markets. A more profound degree of political upheaval, with a more sudden onset, is required to throttle the stock markets.” ~ Peter C. Earle
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Are Mask Mandates in Violation of Federal Law?
“The Food, Drug, and Cosmetic Act was established, in part, to put forth uniform standards based upon scientific justification for use. There are no uniform standards when it comes to mask mandates, just as there is no scientific justification. But, since most of the actions that have been taken since March of 2020 have been in violation of the US Constitution itself, why should we expect that to change now?” ~ Roger W. Koops
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Crude Oil Surge Drives Everyday Prices Higher in January
“AIER’s Everyday Price Index jumped 0.8 percent in January, pushed higher primarily by gasoline following the recent surge in crude oil prices.” – Robert Hughes
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Tesla’s Bitcoin Purchase Is the Start of a Bullish Monetary Future
“The bullish future that Tesla seems to be helping to usher in is one of private monies replacing government money, of individuals asking for compensation in money they trust over money that governments haven’t always overseen in trustworthy fashion. Elon Musk is helping to bring the future into the present. We’ll all be better off as a result.” ~ John Tamny
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Lockdowns Have Devastated the Global Poor
“Lockdowns affect the global poor as well as the global elite and it seems that the poorer countries have seen a dangerous decline in living standards which will have lasting consequences that are a public crisis in and of themselves. It should now be abundantly clear that economic hardship is not a minor inconvenience and action must be taken to alleviate existing damage and to prevent the further exacerbation of existing calamity.” ~ Ethan Yang
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Pandemic Policy: A Big-Picture Lecture (Video)
“I was honored to be invited to Hillsdale College to provide an overview of my work on pandemic policy and lockdowns. Modeling played a crucial role. In that sense, pandemic policy seems to have repeated many errors that afflicted economics in decades past. This lecture assesses the predictive merit of these models and their speculative attempts to manipulate and mitigate viruses through coercive policies.” ~ Phillip Magness
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Liberty or Subjugation?
“Regardless of the origins of the SARS-COV-2 virus, Big Government caused the pandemic and the resulting economic pain by rendering resistance futile and breaking the will of all but a few outlets (like this one). The sooner Americans come to terms with that reality, the sooner they can take steps to render lockdowns, and God knows what other harmful, irrational policies lurking in the shadows, less likely, if not impossible.” ~ Robert E. Wright
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AIER Business Cycle Indicators Were Little Changed in January
“AIER’s Business Cycle Conditions indexes were little changed in January, holding solidly above the neutral threshold of 50, suggesting continued economic expansion ahead.” – Robert Hughes
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