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October 13, 2021
Theodore Gebhard

Capital Accumulation and the Reconciliation Package

“Misguided tax hikes on businesses and individuals that discourage saving and diminish funds for private investment must be avoided. Neglecting this legislation’s adverse impact on capital accumulation means robbing future prosperity for the sake of the present social ends.” ~ Theodore A. Gebhard

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James L. Caton

Is Larry Summers Channeling Benjamin Anderson?

“The post-2008 framework has incentivized the destabilization of monetary policy. The sooner we recognize this fact, the sooner we can seriously discuss a solution to the problem.” ~ James L. Caton

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October 12, 2021
Robert Hughes

Job Openings Fell in August but Remain Extremely High

“Job openings fell back slightly from a record high but quits remain elevated as workers take advantage of favorable labor conditions. Overall, the outlook is for continued recovery but the threats and headwinds to growth remain significant.” – Robert Hughes

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Phillip W. Magness

Eyes on the Politicized Prize

“We may conclusively establish that the monopsony scenario of the minimum wage was directly anticipated and discussed by economists for decades before Card and Krueger’s paper.” ~ Phillip W. Magness

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Joakim Book

What Are the Nobel Journalists Doing?

“I’m always surprised at the unbelievably poor quality of questions journalists pose to the newly minted laureates. The profession of the Fourth Estate is indeed in hopeless decline; nowhere is this as clear as in watching the econ Nobel be announced.” ~ Joakim Book

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Robert Hughes

All Three AIER Business Cycle Indicators Weaken in October

“The AIER Leading Indicators index posted a sixth consecutive drop in September but remains slightly above the neutral 50 threshold, suggesting continued economic expansion. However, the string of declines since the March high also suggest that sources of growth may narrow, and the pace of growth could slow as well.” – Robert Hughes

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Daniel Mitchell

The IMF Should Be Eliminated, Not Expanded

“There are many good economists who work for the IMF and they often produce high-quality research. Sadly, their sensible analysis doesn’t seem to have any impact on the decisions of the organization’s top bureaucrats.” ~ Daniel J. Mitchell

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October 11, 2021
Richard Gunderman

Malthusian Misanthropy

“Perhaps the most baleful feature of this benign man’s theory is the scarcity mentality it both posits and reinforces, and which has crept into contemporary thinking in biology, environmentalism, and economics.” ~ Richard Gunderman

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Joakim Book

Security Theatre and Covering One’s Buttocks

“People still believe the erroneous and absurdly exaggerated fears that our political and journalistic merchants of fear released a year-and-a-half ago. How long we’ll carry the mistakes of Covid is anybody’s guess, but we’ll play a lot of security theatre until then.” ~ Joakim Book

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Donald J. Boudreaux

A Current Burden of Deficit Financing

“Only someone who is convinced that government will undertake only economically worthwhile projects regardless of the means of financing – or someone who doesn’t understand economics – can look favorably upon deficit financing by government.” ~ Donald J. Boudreaux

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