Confusing Liberty with Power | AIER
“The world has never had a good definition of the word liberty, and the American people, just now, are much in want of one.” -Abraham Lincoln So Friedrich Hayek opens his book The Constitution of Liberty. Those words are just as descriptive of the world today as they were in Lincoln’s time. Arguments over the […]
Rent Stabilization IS Rent Control
The Monterey city government is walking its citizens into a horrible mess. When I attended the May 30 meeting in which we discussed its proposed compulsory rent registry, I talked briefly to Mayor Tyller Williamson. I told him that economists are almost unanimous in their view that rent controls cause shortages of housing, cause landlords […]
Links 9/9/2023 | naked capitalism
Manure in the Netherlands– We’ve touched on this story in the Links and comment threads several times over the past year or so, but this article is the most thorough, dare I say balanced, that I have read. It’s a story of how farming became an industry, and how farmers, seeking to meet the demands […]
Britain To Imprison People For Not Complying with Net Zero
It is time we understand that the climate change agenda and COVID have been adopted for a single reason. The governments can no longer kick the can down the road regarding debt. The current monetary system is unsustainable. As a result, they will default on their national debts, which will wipe out pensions. These […]
Taylor Swift is single-handedly giving a boost to hotel industry revenue
Taylor Swift performs in Cincinnati, Ohio, June 30, 2023, during her Eras tour. Taylor Hill/tas23 | Getty Images Entertainment | Getty Images Taylor Swift is providing a gold rush for the hotel industry. The “Cruel Summer” singer’s attention-grabbing “Eras” tour has pushed up revenue for hotels in cities across the U.S., according to data from […]
Should we root for poverty?
I’m a big fan of Matt Yglesias, but I found this off hand remark to be both inaccurate and in poor taste: Analysts now think China’s GDP may not overtake America’s after all, good news for the world, albeit slightly bad news for “One Billion Americans” book sales. The only meaningful way of […]
2:00PM Water Cooler 9/8/2023 | naked capitalism
This is Naked Capitalism fundraising week. 486 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what […]
Business Conditions Monthly July 2023
In July 2023, AIER’s Business Conditions Monthly took varied turns. While the Leading Indicator edged up from 71 to 79, the Roughly Coincident Indicator remained at its June 2023 level of 75. The Lagging Indicator turned from slightly contracting to neutral, rising from 42 to 50. AIER Business Conditions Monthly (5 years) AIER Business Conditions […]
