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Existing-Home Sales Rise as Prices Hit a Record
“Existing-home sales rose slightly in June while record-high prices and changing preferences work to cool the recent pace of activity.” – Robert Hughes
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No Science Is Ever Settled
“If you think science is when people of authority agree, you’re not just naïve but heavily deluded. Stop venerating science in the singular and start embracing its core, plural, and contentious ethos: that plenty of people are wrong about almost everything, all the time. Even – perhaps especially – those with lots to lose.” ~ Joakim Book
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Weekly Initial Claims for Unemployment Benefits May Be Plateauing Again
“Weekly initial claims for unemployment benefits jumped in the latest week and may suggest a temporary plateau. A tight labor market and a record number of open jobs should continue to drive initial claims lower, but the Delta variant is increasing uncertainty.” – Robert Hughes
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What Do Wildcat Banks Tell Us About Stablecoins?
“The experience in Michigan when it was a frontier state in the same year that the telegraph was invented is not particularly pertinent for discerning the likely success of private currency with the communications technology available today. ‘Wildcat’ is a phrase that has no relevance for stablecoins.” ~ Gerald P Dwyer
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Sanctions Against South Africa and the Cuban Embargo
“The sanctions undoubtedly had psychological and moral effects, just like the US embargo on Cuba. Neither Levy nor Lowenberg and Kaempfer–or any followup literature I’ve been able to find–thinks these effects have as much explanatory power as apartheid’s inefficiency, growing internal political opposition, and the fall of the Soviet Union.” ~ Art Carden
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Leveling Down to Utopia
“In such a ‘Utopia’ without love or art or individuality, what is left? Certainly not choice. The State manages all activities, from the propagation of the species (every spring, like cattle) to bathing, since unequal habits led to ‘two distinct classes, the Clean and the Dirty.'” ~ Caroline Breashears
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