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Reopening Boosts Consumer Optimism, But COVID Dampens the Outlook
Consumer attitudes declined in July as resurging COVID-19 cases dampened the outlook more than reopening boosted views of current conditions.
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Political Legitimacy Dies in 2020
“As Thomas Jefferson declared in 1786, ‘An elective despotism was not the government we fought for.’ What’s the point of voting if ‘government under the law’ is not a choice on Election Day? American political legitimacy will continue plummeting as long as politicians scorn any legal and constitutional limits on their power.” ~ James Bovard
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The Washington Football Team Should Be Called The Candlemakers
“Bastiat laid bare the absurdity of so many arguments for protection, subsidy (for the stadium the Candlemakers would call home, for example), and regulation. The name would be a perfect homage to the never-ending stream of privilege-seeking supplicants filling the lobbies of Washington and looking for new ways to pick the pockets of their competitors, their customers, and the taxpayers—to say nothing of the grotesque concentration of power and perversion of the very idea of the law that makes it all possible.” ~ Art Carden
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