Pertinent Category: Daily Economy

Business Conditions Monthly January 2024

– March 21, 2024

“In addition to a softening labor market and US consumer activity finally appearing to hit a wall, the potential for shocks of an endogenous or exogenous nature elevated.” ~Peter C. Earle


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Congress Could Unload the Fed’s Weapon

– March 21, 2024

“If Congress could balance its budget, which hasn’t happened since 2001, it would remove a bullet the Fed could shoot at the economy.” ~Vance Ginn

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Too Much: Three First World Problems

– March 21, 2024

“Where our ancestors lived lives that were solitary, poor, nasty, brutish, and short, the twenty-first century has us overwhelmed with connections, opportunities, and experiences.” ~Art Carden

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Can Prosperity Feed Perceptions of Poverty?

– March 20, 2024

“The only sense in which the American middle-class is disappearing economically is that an ever-increasing percentage of American households earn annual incomes that are in the upper brackets.” ~Donald J. Boudreaux

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We Should Follow Lord Palmerston’s Example

– March 20, 2024

“It is past time to revisit the wisdom of Palmerston, Washington, and Jefferson: the United States should have no permanent allies. Alliances that no longer serve US interests should be done away with or modified.” ~Andrew Byers

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Young People Aren’t Nearly Angry Enough About Government Debt

– March 19, 2024

“We each owe more than $100,000 as a share of the national debt… Our earning years are subsidizing not our own economic coming-of-age, but retirement and medical benefits for people who navigated a less-challenging wealth-building landscape.” ~Laura Williams

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Dynamic Pricing Puts the “Fast” Back in Fast Food

– March 19, 2024

“By offering lower prices in off-peak hours, Wendy’s would be able to attract more customers overall, thus charging lower prices on average, even if prices during peak periods were higher than what they charge now.” Thomas Savidge and Louis Rouanet

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Commoditizing Excess Capacity

– March 18, 2024

“If all the cars, and apartments, have people using them, and all the tools have people making things with them, we will need far fewer of those things. We have ‘enough’ stuff, it’s just in the closet.” ~Michael Munger

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Fact-Checking “Greedflation”

– March 18, 2024

“By fueling an overall increase in demand, central banks can generate a sustained increase in the general level of prices — inflation. Central banks are the primary source of money creation, not firms.” ~Nicolás Cachanosky

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How the West Won the Money Race

– March 15, 2024

“Today the world still benefits from monetary and financial innovations begun in China, then picked up and carried like a baton in Renaissance Europe.” ~Paul McDonnold

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Unrealized Gains Tax is an Economic Fallacy

– March 15, 2024

“Taxing unrealized capital gains from property, stocks, and other assets is a bad idea. It undermines economic growth, stifles innovation, and infringes on personal liberty.” ~Vance Ginn

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Heaps of Trouble

– March 14, 2024

“The reason sorites logic is so difficult to diffuse is that there is no obvious line or threshold to be established somewhere between the incremental steps that begin with a budget surplus and end with a budget consumed by interest payments.” ~Jimmy Alfonso Licon

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