Quotation of the Day…

… is from page 26 of Thomas Sowell’s slim yet significant 1981 volume, Markets and Minorities (original emphasis): Economics takes as axiomatic the proposition that more of anything is demanded at a low price than at a high price. Discrimination is no exception. A pair […]

Bonus Quotation of the Day…

… is from page 58 of my late, great colleague Walter Williams’s 2011 book, Race & Economics (original emphasis): The real problem is that workers are not wo much underpaid as they are under-skilled. And the real task is to help those people become skilled. […]

Some Non-Covid Links

George Will rightly decries the U.S. government’s unprecedented peacetime fiscal diarrhea. A slice: [Brian] Riedl, a student of ancient (or so it suddenly seems) U.S. fiscal history, remembers that the 2009 stimulus included a $25 addition to weekly unemployment checks. In 2020, Democrats wanted $600 […]

Is Johnson & Johnson About To Break Lower?

Shares in US pharmaceutical company Johnson&Johnson (J&J) are trading almost 1% lower ahead of the final US session of the week. The company’s shares have been back under selling pressure over recent weeks as the market once again tests the 161.23 level support. This came […]

Inflation Battle Rumbles On

Equity markets have witnessed a wild ride over the past week. US treasury yields and the hint of inflation have shaken the markets to their core. With the Fed pledging to maintain its easy-money policies until the economy recovers, just how far can yields go? […]

David Henderson on the Economics and Ethics of Lockdowns

Last Friday, David Henderson – in this lecture – offered an economic and ethical case against lockdowns. Comments Original Article

Inflation and the Next Commodity Supercycle?

Recently, there was quite a bit of media attention on the rise in silver prices. It had more to do with speculation of another attempt to corner the market similar to the GameStop move earlier in the month. But, that turned out to be just […]

Metals Reverse Lower As US Yields Soar

Gold The yellow metal saw plenty of volatility this week. Price rallied firmly at the start of the week, extending the recovery off the 1763.88 support. However, sellers stepped in ahead of the 1826.71 level and saw price turn sharply lower. Losses were amplified on […]

Some Covid Links

Neville Hodgkinson accurately observes that “the Orwellian flavour of our current experience is unmistakable.” A slice: As for the intoxication of power: Boris, Matt Hancock and their cronies – and similar teams in many other countries – seem to me to be taking far too […]

Quotation of the Day…

… is from pages 48-49 of Thomas Sowell’s August 4, 2001, column, “Minimum Journalism Evident in Wage Story,” as this column is reprinted (and renamed as “Minimum Journalism”) in Sowell’s 2002 collection, Controversial Essays: The minimum wage law is very cleverly misnamed. The real minimum […]