Pertinent Category: Daily Economy

Inflation Declined in March, But Remains High

– April 26, 2024

“Market participants continue to expect the Fed will cut its federal funds rate target this year — just not anytime soon.” ~ William J. Luther

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US Economic Growth Plunges in First Quarter 2024

– April 26, 2024

“Much of the post-COVID economic growth has been built atop the unsustainable pillars of fiscal and monetary stimuli.” ~Peter C. Earle

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Is Argentine Disinflation Sustainable?

– April 26, 2024

“Milei’s lack of political support in Congress adds to the uncertainty surrounding his ability to successfully pass deregulatory reforms… it is premature to declare victory on the fiscal and inflationary fronts in Argentina.” ~Nicolás Cachanosky

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The Wasteful Cruelty of “Stakeholder Capital”

– April 26, 2024

“When institutional investors vote to destroy the wealth of Chevron, they vote to destroy the dreams of single mothers in Wisconsin, pensioners in California, and small business owners in Nebraska.” ~Jeremy Kidd

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Take the Government Out of GDP 

– April 25, 2024

“Tax revenues are harvested from private citizens by means of coercion and extractive measures… Paying taxes to remain free of incarceration or not face withering financial penalties is hardly indicative of cooperative exchange. ” ~Tom Savidge and Peter C. Earle

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The New Zimbabwean ZiG: Sixth Time a Charm?

– April 25, 2024

“Even the most faithfully implemented commodity-backed money standard is fundamentally predicated on the integrity and competence of its overseers.” ~Peter C. Earle

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Bitcoin Mining and Icelandic Bananas

– April 25, 2024

“Stranded energy and unused electricity are magnets for bitcoin miners, as they take electricity that can’t readily be used for other purposes and turn it into one of the world’s most liquid and globally transferable assets.” ~Joakim Book

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Parity in Labor Transparency

– April 24, 2024

“If workers are going to grant a labor union the extensive powers over them that federal law has authorized, workers should be able to know whether the ‘coworkers’ advocating the union are paid representatives of Big Labor. ” ~Michael Watson

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Will Caitlin Clark Be Grossly Underpaid?

– April 23, 2024

“There simply isn’t enough demand for seats at, merchandise related to, and streaming of women’s sports to support WNBA players at NBA salaries.” ~Art Carden

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Why Even Insiders Underestimate Markets’ Power

– April 23, 2024

“There tend to be more and better substitution possibilities known to both buyers and sellers than we recognize from the outside of those exchange relationships.” ~Gary M. Galles

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A Better Model Won’t Fix The Fed

– April 23, 2024

“The whole point of expectations-responsive monetary policy is to remove the discretionary and technocratic elements from central banking. Disappointingly but unsurprisingly, the Fed is doing the opposite: doubling down on discretion and technocracy.” ~Alexander W. Salter

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Breaking the Shackles of Socialism in Africa 

– April 22, 2024

“A new generation of Africans (Wade labels them the Cheetah Generation) are rejecting socialism and embracing entrepreneurship and markets as the path to human flourishing.” ~Marcus Witcher

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