Daily Economy
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Is It Time to End the Filibuster? No!
“If Senator Warren really cares about democracy, she would do well by leaving the filibuster in place and allowing more legislative decisions to devolve to the state, county, and municipal level of government where ‘the people’ can really rule themselves.” ~ Anthony Gill
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Warning Flags for Home Construction
“Single-family starts and permits fell in April. Surging mortgage rates and record home prices are major headwinds for demand, and when combined with elevated commodity costs, are pummeling homebuilder sentiment.” ~ Robert Hughes
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Assessing the Baby Formula Shortage
“It’s not a ‘you keep buying it, we’ll make more’ situation because if it were that simple, the formula manufacturers would be happy to have that revenue. With no clearing in sight from the perfect storm of supply issues, consumers will continue to struggle.” ~ Aron Solomon
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Gun Control, States’ Rights, and Bernie Sanders
“As argued in principle by Madison, confining our country’s broad experiences with any issue or belief–in this case, gun legislation–to one sweeping federal action would miss the mark and create a great injustice to American federalism.” ~ David Gillette & Lauren Frazier
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Industrial Output Posts Fourth Consecutive Strong Gain
“Industrial output rose again in April, the fourth solid gain in a row. However, shortages continue, sustaining upward pressure on prices. Combined with the Russian invasion of Ukraine, renewed lockdowns in China, and a new Fed tightening cycle, the risks to the economy remain significant.” ~ Robert Hughes
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Retail Sales Post Strong Gains in April
“Retail sales rose in April and revised data suggest a stronger trend recently. However, significant threats to the economy remain. Caution is warranted.” ~ Robert Hughes
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Reducing Unemployment Is Not a Free Lunch
“Every attempt by government to ‘stimulate the economy’ intensifies employers’ and workers’ expectations that slowing sales and losses of jobs will be cured by government-engineered increases in aggregate demand.” ~ Donald J. Boudreaux
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A Musk Inspired Anti-ESG Takeover Wave?
“If incentives cannot be better aligned between management and stockholders from within, then somebody from the outside must step in so that the economy doesn’t suffer the large costs associated with underutilized assets.” ~ Robert E. Wright
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The Life of Democracy’s Interpreter
“Tocqueville delved into French social and economic history, and concluded that the Revolution avant la lettre was taking place long before the outbreak in 1789.” ~ Theodore Dalrymple
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Income Distribution and Inequality
“Invariably, however, the proposed solution to any form of income inequality has been an indiscriminate and highly punitive progressive tax on all income and wealth, regardless of how it was earned.” ~ Robert F. Mulligan
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•
Is It Time to End the Filibuster? No!
“If Senator Warren really cares about democracy, she would do well by leaving the filibuster in place and allowing more legislative decisions to devolve to the state, county, and municipal level of government where ‘the people’ can really rule themselves.” ~ Anthony Gill
-
•
Warning Flags for Home Construction
“Single-family starts and permits fell in April. Surging mortgage rates and record home prices are major headwinds for demand, and when combined with elevated commodity costs, are pummeling homebuilder sentiment.” ~ Robert Hughes
-
•
Assessing the Baby Formula Shortage
“It’s not a ‘you keep buying it, we’ll make more’ situation because if it were that simple, the formula manufacturers would be happy to have that revenue. With no clearing in sight from the perfect storm of supply issues, consumers will continue to struggle.” ~ Aron Solomon
-
•
Gun Control, States’ Rights, and Bernie Sanders
“As argued in principle by Madison, confining our country’s broad experiences with any issue or belief–in this case, gun legislation–to one sweeping federal action would miss the mark and create a great injustice to American federalism.” ~ David Gillette & Lauren Frazier
-
•
Industrial Output Posts Fourth Consecutive Strong Gain
“Industrial output rose again in April, the fourth solid gain in a row. However, shortages continue, sustaining upward pressure on prices. Combined with the Russian invasion of Ukraine, renewed lockdowns in China, and a new Fed tightening cycle, the risks to the economy remain significant.” ~ Robert Hughes
-
•
Retail Sales Post Strong Gains in April
“Retail sales rose in April and revised data suggest a stronger trend recently. However, significant threats to the economy remain. Caution is warranted.” ~ Robert Hughes
-
•
Reducing Unemployment Is Not a Free Lunch
“Every attempt by government to ‘stimulate the economy’ intensifies employers’ and workers’ expectations that slowing sales and losses of jobs will be cured by government-engineered increases in aggregate demand.” ~ Donald J. Boudreaux
-
•
A Musk Inspired Anti-ESG Takeover Wave?
“If incentives cannot be better aligned between management and stockholders from within, then somebody from the outside must step in so that the economy doesn’t suffer the large costs associated with underutilized assets.” ~ Robert E. Wright
-
•
The Life of Democracy’s Interpreter
“Tocqueville delved into French social and economic history, and concluded that the Revolution avant la lettre was taking place long before the outbreak in 1789.” ~ Theodore Dalrymple
-
•
Income Distribution and Inequality
“Invariably, however, the proposed solution to any form of income inequality has been an indiscriminate and highly punitive progressive tax on all income and wealth, regardless of how it was earned.” ~ Robert F. Mulligan