NO REFORM without the crash and burn
QUESTION: So you do not think anyone running for office in 2024 will succeed in making any difference? HC ANSWER: No. We have crossed the Rubicon on that score. Trump would at least fight hard against them, but our computer does not show that there is anyone coming in on a white horse to save […]
Bud Light’s Sales Implosion, Explained (by Mises)
I stopped drinking Bud Light decades ago, so when the Dylan Mulvaney controversy exploded last month, I didn’t need to consider if I’d stop drinking Anheuser-Busch’s most popular product. What’s clear is that many others have decided to quit the beer over the brand’s decision to wade into transgender politics. According to figures reported in […]
Grand Master of Reputation – Econlib
Libel is in the news. The high-profile case, of course, is the result in the defamation lawsuit in which Fox News settled with Dominion for $787.5 million. But the chess world is not too far behind, with a slander case brought by Grandmaster Hans Niemann demanding $100 in damages from world champion Magnus Carlsen who […]
US and China hold more trade talks despite continuing tensions
Joe Biden’s top trade official and China’s commerce minister have held talks over economic and trade disputes, in the latest signs of tentative efforts to stabilise ties between the two superpowers. US Trade Representative Katherine Tai met Chinese commerce minister Wang Wentao on the sidelines of an Asia-Pacific Economic Cooperation meeting in Detroit on Friday. […]
Has the Disinflation Process Stalled?
The latest inflation data is not what Federal Reserve officials were hoping for. The Personal Consumption Expenditures Price Index (PCEPI), which is the Fed’s preferred measure of inflation, grew at a continuously-compounding annual rate of 4.2 percent from April 2022 to April 2023, up from 4.1 percent for the twelve-month period ending in March 2023. […]
