The University of Michigan consumer confidence index fell to 82.8 in May, from 88.3 in April. More importantly, the current conditions index slumped to 90.8, from 97.2 and the expectations index declined to 77.6, from 82.7. Hard data also questions the strength of the...
It seems that every time something adverse happens in the labor market, it restarts the partisan battle between those currently in and out of power as to who is a better steward of the economy. That was illustrated by the Bureau of Labor Statistics's (BLS) release of...
Over a year ago, the COVID panic shook the world. We were told it would only be “15 days to flatten the curve” as businesses were locked down, “nonessential” employees were forced out of work (I’ve written about the myth of the nonessential employee here), masks were...
That Austrians and Keynesians do not share many views on economics (or probably anything else) is obvious, so a difference of opinion between the two hardly should surprise anyone. However, it still is important to point out the differences between the two camps,...
Former CNN White House correspondent Michelle Kosinski declared on Twitter last week that American journalists would “never expect…Your own govt to lie to you, repeatedly” and “Your own govt to hide information the public has a right to know.” Kosinski denounced...
In a recent issue, Time Magazine boldly declared, “The Free Market Is Dead,” and then added: “What Will Replace It?” Of course, one always can expect Time to be disingenuous at best and dishonest at worst, and as an academic economist, I have come to realize that...
https://www.youtube.com/watch?v=mPxdrKd-gFg Keith Knight joins me once again to differentiate between individualism and collectivism. In doing so, we rely on quotations from Ludwig von Mises and Murray Rothbard. Follow Keith Knight's Don't Tread on Anyone Keith on...
Earlier this month, the conservative magazine known as The Spectator published an article with the absurd title “The Libertarian Case for Vaccine Passports.” The online version now bears the title “Vaccine Passports Are a Ticket to Freedom,” but the physical print...
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