Financial Markets

Some Covid Links

Those of you who doubt that Covid hysteria fuels tyranny should read this report, by Charles Oliver, of goings-on in Canada. Jacob Sullum rightly criticizes Texas governor Greg Abbott’s policy of preventing private entities in that state from requiring customers, employees, or both from being […]

Treasury Ten Year Yield Forecasts

Little changed from July, at least from the Wall Street Journal’s survey of economists: Figure 1: Interest rate on 10 year Treasury bond actual (black), mean forecast from November 2020 WSJ survey (salmon inverted triangle), from July 2021 (green triangle), from October 2021 (pink square), […]

Some Non-Covid Links

Wall Street Journal columnist Jason Riley reports on a reality that is obvious to all minds save those belonging to “Progressives”: If you make crime pay, it’ll pay people to commit crime. A slice: Like the local leaders in San Francisco, Baltimore officials blamed the […]

Quotation of the Day…

… is from page 150 of George Will’s 2021 book, American Happiness and Discontents: The Unruly Torrent, 2008-2020 – a collection of many of Will’s columns over these years; (the column from which the quotation below is drawn originally appeared in the Washington Post on […]

Recession before the Leaves Fall?

From Blanchflower and Bryson: It seems to us that there is every likelihood that the US is entered recession at the end of 2021. The most compelling evidence is from the Conference Board expectations data for the eight biggest states. Well, that’s certainly provocative. Here’s […]

Balanced-Budget Requirements Are a Tool for Keeping Government Limited

Here’s another letter to John Tamny on the ill-consequences of deficit financing: John: The fact that you’re so astute about so many issues only intensifies my mystification at your continuing blindness to the dangers that lurk in deficit financing of government expenditures. In your latest […]

Some Covid Links

Jay Bhattacharya tweets: Recognizing the reality of immunity after COVID-recovery is a pro-vax position. Acknowledging this fact builds credibility so people believe it when you correctly say the vax protects vs. severe disease. Pushing cruel vax mandates, on the other hand, undermines that trust. “Yale […]

Some Non-Covid Links

Phil Magness writes, in the Wall Street Journal, on the antiracist history of the school-choice movement – and the racist history of opposition to school choice. A slice: Is the school choice movement historically tainted by racism? American Federation of Teachers boss Randi Weingarten described […]

Quotation of the Day…

… is from page 95 of the late Peter Bauer’s essay “Black Africa: the Living Legacy of Dying Colonialism,” which is Chapter 6 in Bauer’s excellent 1984 book, Reality and Rhetoric: Studies in the Economics of Development: According to the perverse priorities of contemporary government, […]

GDP Forecasts

The October Wall Street Journal survey of economists, now quarterly, is out. A substantial downshift in the forecasted level of GDP is apparent. Figure 1: GDP (bold black), November 2020 WSJ survey mean (red), July 2021 survey mean (blue), and October 2021 survey mean (green). […]