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GosFed Looming at the Fed?
“It’s easy to see why the comrades of Gosbank showed so little dissent. Say, or think, the wrong thing in the Soviet Union, and you risked a one-way ticket to Siberia. What in the world is GosFed’s excuse?” ~The New York Sun
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Services Sector Expands Again in April
“The services sector expanded again in April, but logistical and labor issues as well as shortages of materials are boosting pressure on prices.” – Robert Hughes
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“After the Revolution, You Will Like Going Camping!” G.A. Cohen’s Camping Trip Reconsidered
“This doesn’t require a thought experiment: people vote for capitalism and against socialism in droves by trying to move to freer and more prosperous countries. Socialists might have laudable goals like feeding, clothing, and sheltering everyone–and I agree with these–but I would no more suggest socialism to treat poverty and inequality than I would prescribe leeches, mercury, and bloodletting to treat cancer.” ~ Art Carden
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Is This Our 1914 Moment?
“Last year’s government power-grabbing disasters could be the modern equivalent of 1914 – the war to end all wars, where ‘We’ll be back by Christmas’ is to be replaced by the ‘Two weeks to flatten curve,’ that unfathomably stretched into years or decades. It took Europe some 50 years to recover from that initial governmental blunder and in many ways it never did. Let’s hope that Trump and Biden are harmless Kennedys and not Herbert Henry Asquith, the British Prime Minister of 1914. I have my doubts.” ~ Joakim Book
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Policy Uncertainty Causes Sundry Shortages
“Policymakers seem determined to force through as many policy changes as rapidly as possible, possibly in an attempt to create confusion over causes, much the way Covid and lockdowns became conflated in the public mind. They need to tread carefully, though, because our technological and military might will not save us if the core cause of our prosperity withers.” ~ Robert E. Wright
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Imperial College Predicted Catastrophe in Every Country on Earth. Then the Models Failed.
“Why is Ferguson, who has a long history of absurdly exaggerated modeling predictions, still viewed as a leading authority on pandemic forecasting? And why is the ICL team still advising governments around the world on how to deal with Covid-19 through its flawed modeling approach? In March 2020 ICL sold its credibility for future delivery. That future has arrived, and the results are not pretty.” ~ Phillip W. Magness
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