The US Misery Index Shows How Weak This Recovery Is

United States consumer confidence has plummeted to a decade-low in November. The University of Michigan’s consumer sentiment index fell to 66.8 in November, down sharply from the October figure of 71.7 and well below consensus forecasts of 72.4. Inflation is hurting consumers and the impact on daily purchases is more severe than what the Federal Reserve and consensus estimates may want to believe.

Murray Rothbard versus the Public Choice School

Murray Rothbard was at one time good friends with Gordon Tullock, one of the founders of the public choice analysis of government, and he also corresponded on friendly terms with James Buchanan, another of the founders. Both Rothbard and the public choice movement look with suspicion on claims by agents of the government to be acting for the common good, and both support the free market, though Rothbard does so to a much greater degree.

Kyle Rittenhouse: The Media’s Assault on the Rights of the Accused

To the relief of many, the Kyle Rittenhouse trial is over and a Kenosha County, Wisconsin, jury found Rittenhouse not guilty on all counts. While they believed that Rittenhouse acted legally in self-defense, it is clear that the vast majority of progressive American mainstream journalists believed him to be a murderer and would accept no other explanation.

Powell or Brainard?

Any day now President Biden will nominate his choice candidate for the role of Chair of the Federal Reserve. If Jerome Powell doesn’t get reappointed then Biden will likely go with progressive Democrat Lael Brainard. Everyone has a take, some more opinionated than others.