Bret Weinstein and Heather Heying, evolutionary biologists and visiting fellows at Princeton University, have written a fascinating new book, A Hunter-Gatherer’s Guide to the 21st Century, which Penguin Random House released in September.
The instant New York Times bestseller is riddled with interesting ideas and clever insights, ultimately arriving at a radical conclusion about how humanity must be governed in the future if we are to avoid civilizational collapse. However, the book’s concluding argument is built upon one fundamental economic fallacy, and to understand the flaw in the proposal is to understand how truly catastrophic the pursuit of Weinstein and Heying’s vision would be.
The Fear of Abundance
Weinstein and Heying’s fundamental claim is about the human propensity to seek economic growth, and the ultimate unsustainability of that goal. Read More
A survey released Monday found that business experts expect prices and inflation to rise at elevated levels for years to come.
The National Association for Business Economics released the results of a survey of 48 economic experts who downgraded their growth predictions and projected elevated inflation through the second half of 2023, if not later.
“NABE Outlook survey panelists have ramped up their expectations for inflation significantly since September,” said NABE Vice President Julia Coronado, founder and president, MacroPolicy Perspectives LLC. “The core consumer price index, which excludes food and energy costs, is now expected to rise 6.0% from the fourth quarter of 2020 to the fourth quarter of 2021, compared to the September forecast of a 5.1% increase over the same period.” Read More
Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Jackson, Tennessee Mayor Scott Conger to the newsmakers line to talk about the growth of his city and goals for 2022. Read More
Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed retiring State Senator Mike Bell in studio to discuss why he voted for Ford Motor Company Megasite. Read More
European economic growth outpaced the U.S. and China as COVID-19 restrictions eased and vaccination rates increased, but supply chain disruptions and inflating prices will hold back expansion in the near future, The Wall Street Journal reported Friday.
Gross domestic product in the eurozone increased at a seasonally adjusted annualized rate of 9.1% in the quarter ending in September, according to the WSJ. In comparison, the U.S. economy grew at a 2% rate and China grew at just 1%. Read More
Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Tennessee State Representative (R-82) Chris Hurt to the newsmakers line to discuss the success of the Ford Megasite deal while working through session. Read More
Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Maury County Mayor Andy Ogles in studio to give examples of the process of bringing out of state corporations into Tennessee. Read More
The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health concerns.
In the International Monetary Fund’s (IMF) World Economic Outlook report, released Tuesday, the IMF’s economists share anticipations for global economic growth measuring 5.9% in 2021, a downgrade from their 6% projection in July. Read More
Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the Mayor of Maryville, Tennessee, and the new headquarters of Smith and Wesson, Andy White to the newsmakers line to discuss the move and what attracted the company to the state. Read More
Private companies added 568,000 jobs in September, exceeding expectations as the country faced growing numbers of delta variant cases and slow economic growth, according to a major payroll report.
The 568,000 jobs added is a sharp increase from the 340,000 jobs added in August, the ADP National Employment Report showed. Experts predicted private companies would add 425,000 jobs in September, CNBC reported. Read More
Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Nolensville, Tennessee Town Manager Victor Lay to the newsmakers line to discuss their growth and the influx of new blue state residents. Read More
Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Mayor Andy Ogles in studio to discuss the economic growth initiated by manufacturing and automotive distribution in Maury County. Read More
A child’s death is devastating to all parents. But for Chinese parents, losing an only child can add financial ruin to emotional devastation.
That’s one conclusion of a research project on parental grief I’ve conducted in China since 2016.
From 1980 to 2015, the Chinese government limited couples to one child only. I have interviewed over 100 Chinese parents who started their families during this period and have since lost their only child – whether to illness, accident, suicide or murder. Having passed reproductive age at the time of their child’s death, these couples were unable to have another child. Read More
The U.S. economy reported an increase of 266,000 jobs in April and the unemployment rate rose slightly to 6.1%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 266,000 in April, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons ticked up to 9.8 million. Economists projected a million Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.
“The pieces are really coming together for a burst in activity,” Sarah House, senior economist for Wells Fargo’s Corporate and Investment Bank, told the WSJ. “We’re expecting to see the labor market recovery shift into an even faster gear with the April jobs report.” Read More
Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the original all-star panelist Crom Carmichael in studio to discuss Oracle’s big move to Nashville’s East Bank and the consequences of a real estate boom in Middle Tennessee. Read More
A group of Ohio lawmakers want to focus on the state’s below average ranking for economic performance by creating a bipartisan Business First Caucus.
The group, headed by state Sens. Mark Romanchuk, R-Ontario, and George Lang, R-West Chester, said it’s aimed at small businesses, staying at the center of major tax and regulatory reform while promoting ideas and legislation that positively impact small business in the state. Read More
A Native American tribe in Utah said a Biden administration order blocking new permits to drill for oil and gas on federal lands is a “direct attack” on its economy and sovereignty.
The Ute Indian Tribe is seeking a waiver from Order 3395, which Scott de la Vega, the acting secretary of the interior, implemented on Jan. 21. Read More
The Georgia Department of Economic Development (GDEcD) is asking for an additional $1 million to stimulate the state’s hard-hit tourism industry.
GDEcD Commissioner Pat Wilson told lawmakers Friday the state has lost billions of tourism dollars and has seen massive industry job loss because of the COVID-19 pandemic. Read More
China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. The purchasing managers’ index of the National Bureau of Statistics and an… Read More
by Robert Romano The Federal Reserve has dumped an eye-popping $343 billion of U.S. treasuries and mortgage-backed securities since it began its policy normalization program in Sept. 2017. $116 billion of that, or more than a third, has been since Sept. 2018 as the nation’s central bank has… Read More
The Wall Street Journal has taken notice of how Nashville is becoming gentrified and is in danger of becoming a “chic urban playground for the wealthy.” James Fraser, an urban studies professor at Vanderbilt University, told The Wall Street Journal the city needs 30,000 more units of affordable housing and… Read More