Classical liberalism has an uneasy relationship with democracy. Friedrich Hayek, for example, argued in The Constitution of Liberty and in Law, Legislation, and Liberty that democracy might need to be suspended to preserve liberal economic institutions. And he meant it, as his support for Pinochet in Chile made clear. Democracy in America is now under […]
Nobody is getting laid off: the continuing saga Initial claims declined another 1,000 this week to 268,000, and the 4 week average declined 5,250 to 272,750, both – yet again – new pandemic lows: For the past 50 years, initial claims have only been at these levels for 2 months at the peak of the […]
The Rittenhouse Verdict and the Future of Vigilante Violence There are typically two levels in a case like Rittenhouse’s, the individual issues of justice and accountability, and the social implications of the crime and its judicial resolution. I want to spend a moment with the second. America faces an impending crisis of vigilante suppression of […]
Coronavirus dashboard: As the winter wave takes hold, how much will resistance from prior infections hold numbers down? Europe and North America, the winter wave is underway. While vaccinations clearly work, in most countries of the West there is a reservoir of defiant anti-vaxxers, who are not going to get vaccinated unless they are absolutely […]
by New Deal democrat Weekly Indicators for November 15 – 19 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. From time to time here, I put up a post including “you’re reading the right blog” in the title. This week was similar at Seeking Alpha. In the past week or so, there […]
Blogger RJS, MarketWatch 666 and Focus on Fracking, Global Oil Shortage at 1,930,000 barrels per day in October as OPEC’s output falls 588,000 barrels per day short of quota OPEC’s October Oil Market Report Thursday of this week saw the release of OPEC’s November Oil Market Report, which includes OPEC & global oil data for October, and […]
Latest US Oil Supply and Disposition Data from the EIA. Blogger RJS, Market Watch and Focus on Fracking Gasoline supplies at a 48 month low, distillate supplies at a 19 month low; total inventories of oil and all its products at a 79 month low US oil data from the US Energy Information Administration for the […]
. . And Industrial Production isn’t too shabby, either Industrial production, the King of Coincident Indicators, was reported for October this morning in addition to real retail sales, discussed already in my last post. – and it was also quite positive. Total production increased 1.6% during the month, and manufacturing production increased 1.3%. This was […]
Repeated Lying About Lying Of course, Donald Trump has been using this Big Lie method of simply endlessly repeating a Big Lie and successfully so with his claim that last year’s presidential election was “rigged” or “stolen,” according to the latest poll I just saw on the order of 70% of Republicans accepting this Big […]
“Letters From An American,” November 18, 2021; Professor Heather Cox – Richardson Today began with Republican leadership doubling down on its support for Representative Paul Gosar (R-AZ), whom the House censured yesterday for tweeting a cartoon video of himself killing a Democratic colleague, Alexandria Ocasio-Cortez (D-NY), and attacking the president, Joe Biden. Only two Republicans […]