I had my monthly one-on-one with my boss recently. Supply chains/logistics came up. My mind wandered as this has been a hot topic in the wake of the shutdowns of a few years ago. But I also thought of the ESG crusade.
Among other things, our company attempts to navigate supply chain issues for clients as effectively and efficiently as possible. Doing so helps them flourish, and when they succeed, their employees prosper, their owners profit, and we shine as well.
For the last few years, Jerome Powell has remained constant: the Fed was ready to do anything necessary until inflation returned to its 2% target.
Today, Powell blinked.
Meredith Whitney told CNBC, “30 percent of young men said they have not had sex in over a year and don’t seem to care.” Half of the young man population isn’t interested in dating and according to Pew Research 63% of young men are single, the highest percentage ever.
The latest jobs report looks good, at first glance. The umployment rate is below 4%, though it increased since April. Employers added jobs, but mostly in the public sector. Last July I posted something on how declines in the private-public employment ratio (PPER) predict recessions. The PPER was 5.92 last summer. The latest PPER is 5.84. The vertical gray bars in the graph below mark recessions. The blue line is the PPER.
The American economy fell into an unofficial recession during the first half of 2022. Yet, unemployment fell to low levels by the summer of 2022. Why did 2022 GDP fall? The US endured a historic drop in labor productivity during the first half of 2022.
Mises Institute President Tom DiLorenzo is best known for his trenchant demolition of “Honest Abe” Lincoln. But his work on Lincoln is just part of a larger framework that helps us understand American history. Throughout our history, statist Hamiltonians and freedom-loving Jeffersonians have clashed.
Tom exposes the Hamiltonian plot against our liberty here:
Anyone following the news knows that after a bruising congressional hearing on antisemitism on elite college campuses knows that Liz Magill, the president of the University of Pennsylvania, and Claudine Gay, president of Harvard, recently lost their jobs. while the president from the Massachusetts Institute of Technology is under fire.
When Murray Rothbard established a realignment in libertarian thought, his standard was determined by sovereignty rather than bipartisanship. A right-wing populist platform might be the most popular campaign strategy in the last few years. Since Brexit, a trend has swept a wide range of the globe. The question remains what this political revolution should be called. If it were a daring step away from the establishment, spectators might be concerned as to why so many conservatives support this turning of the tide.
