Tuesday, February 7, 2023

While wandering through the Intertunnel....

 ..............a few interesting things were found:

The rule, “from each according to his ability, to each according to his need,” creates incentives to demonstrate minimum ability and maximum need. Poverty is the inevitable result.

-via Cafe Hayek


Unprecedented actions on the scale that we experienced in 2020-2022 will bring unexpected results in 2023.  So, while we never want to ignore a number like the January jobs report, we have to question how much is signal and how much is noise.

The economy is still absorbing the money printed during the pandemic.  Inflation has not been eradicated, the Fed is highly unlikely to loosen policy anytime soon, and earnings are likely to fall as all the stimulus wears off.  That’s not a recipe for a simple forecast or a soft landing.  Like the Super Bowl, until the game is played no one knows exactly what will happen.  Count us less bullish than conventional wisdom.

-via Brian Wesbury


You learn something new every day; as part of the settlement to the Spanish-American War - Spain agreed to sell the US the Philippines for $20 million. Andrew Carnegie, the richest man in the world at the time, offered to reimburse the government $20 million if they would give the Philippines their freedom instead of making it a US Protectorate. The government rejected his kind offer...

-via and via


I don't care which party is in power, the State of the Union address has become an embarrassment.  It should be abandoned.

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