Private-Sector Job Openings and Quits Fall for a Second Consecutive Month

“Private-sector job openings and quits fell in May. The effects of rising interest rates and consumer caution are becoming more apparent. The outlook remains highly uncertain.” ~ Robert Hughes

– July 6, 2022

Services-Sector Survey Suggests Continued Expansion in June

“Services-sector expansion continued in June despite ongoing labor and materials shortages and intense price pressures. Some notes of caution were also starting to emerge. The outlook remains highly uncertain.” ~ Robert Hughes

– July 6, 2022

Leave the Gas Station Owners Out of It

“Saddling gas station owners with the blame for a particularly damaging aspect of the ongoing inflation increase is, beyond wildly inaccurate, irresponsible and morally unconscionable.” ~ Peter C. Earle

– July 6, 2022

Free Riding, Expressive Voting and Charity

“To the extent the free-rider problem does arise, it is true that government intervention can change how much charity is provided. But that does not mean the result is closer to what we ‘really want’ to give than what we actually give.” ~ Gary M. Galles

– July 6, 2022

SCOTUS to Congress: On Environmental Policy, Do Your Job

“‘This is a win for the climate and constitutional democracy,’ says Drew Bond, president of Conservative Coalition for Climate (C3) Solutions. ‘Any serious person knows that innovation, not overregulation, is the solution to reducing global greenhouse gas emissions.’” ~ Chris Woodward

– July 6, 2022

How To Defeat China Economically? Don’t Follow Its Worst Practices

“The Biden administration’s new PGII program is unlikely to improve upon past development initiatives. To start, it seems unlikely to offer anything new. Worse, it is a political exercise aimed at China.” ~ Doug Bandow

– July 5, 2022

Review: The Great Experiment by Yasha Mounck

“This book is a good guide to understanding the risks these countries face and provides food for thought on how we might respond to them to promote a diverse, peaceful, and equal democracy in our own country.” ~ James E. Hanley

– July 5, 2022

Unit Auto Sales Rose in June, but Remain Weak

“Light-vehicle sales rose in June but remain well below pre-pandemic ranges. Assemblies fell in May as component shortages continue to restrain production. Inventory shows signs of stabilization recently, but prices continued to rise.” ~ Robert Hughes

– July 5, 2022

The USFL and Labor Markets

“Since many kids dream of being pro athletes and sports generate billions in revenue, voluntary participation is not a problem. But sports generate enormous rents and competition to capture these rents ensures enduring strife between labor and management.” ~ Daniel Sutter

– July 5, 2022

Strike Three for the Federal Reserve

“No batter always gets on base but America, nay the world, has a high-quality pinch hitter that it benched a century ago: the Gold Standard. It’s not perfect but it is far better, and fairer, than the Fed.” ~ Robert E. Wright

– July 4, 2022

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