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Superstitious Storytellers

– May 20, 2022

“Unfortunately, human progress isn’t linear. Faced with the failure of one narrative, or the hypocrisy of one storyteller, we may quickly hurry into the arms of another, which offers no more truth.” ~ Laura Williams

Many Workers May Never Return to the Office, and That’s a Good Thing

– May 20, 2022

“It seems safe to predict that the percentage of white-collar workers reporting to their workplace every day may never reach the levels of early 2020. After all, working and living in the same place is just natural.” ~ Eli Lehrer

Let’s Cancel Student Loans – Not Forgive Them, But Cancel the Program

– May 20, 2022

“Higher education in the US is bloated and dysfunctional because federal meddling turned it into a mass entitlement. Turn off the federal spigot and it will rapidly improve.” ~ George Leef

Video: Who Is to Blame for Inflation?

– May 20, 2022

“Is ‘Putin’s Price Hike’ real? Are supply chain disturbances the most significant source of inflation, or is there more to the story? Thomas Hogan gives us his perspective on the causes of inflation.” ~ Kate Wand

Housing Activity Shows More Signs of Deterioration

– May 19, 2022

“Existing-home sales fell again in April and inventory rose, though it remains low by historical comparison. Shifting housing preferences, record-high prices, and surging mortgage rates are likely to impact activity over coming months.” ~ Robert Hughes

The Lesson of Joe Biden’s Disappearing Presidency

– May 19, 2022

“Despite allegedly being the most powerful person in the world, Presidents frequently find that events – particularly geopolitical events – control them, rather than vice versa. Derailed presidencies may be more the norm than the exception.” ~ James E. Hanley

Weekly Initial Claims Hit the Highest Level Since January

– May 19, 2022

“Weekly initial claims continue to trend slightly higher, but the low level still suggests a very tight labor market. The Russian invasion of Ukraine, lockdowns in China, sustained elevated price increases, and a new Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes

A Path for University Reform

– May 19, 2022

“Reducing bureaucracy saves money and race and ethnicity-blind admissions ends unpopular discrimination. But as importantly, both advance rather than undermine the primary missions of the university, particularly its modeling of epistemic openness.” ~ John O. McGinnis

Red Science, Blue Science, What Science, No Science

– May 19, 2022

“Our slender comprehension of the mysteries of the universe will be entirely undone by anything that prevents open debate about scientific evidence – regardless of whether this disruption emerges from partisanship or censorship.” ~ Chris Bateman

Is It Time to End the Filibuster? No!

– May 18, 2022

“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

– May 18, 2022

“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

– May 18, 2022

“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

Inflation: What Causes It, and When Will it Subside?

– May 18, 2022

“The growth rate of currency in circulation has been back to pre-crisis rates for at least 2 quarters. We should expect inflation and the growth rate of expenditures to follow and inflationary winds to subside as a result.” ~ James L. Caton

Gun Control, States’ Rights, and Bernie Sanders

– May 17, 2022

“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

– May 17, 2022

“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

– May 17, 2022

“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

Should the Fed Devalue Our Currency to Implement Negative Interest Rates?

– May 17, 2022

“Where Agarwal and Kimball comment that the zero lower bound ‘is not a law of nature, but a policy choice,’ I suggest that the same is true about the need to fight an excess demand for money by cutting an interest rate instrument or target.” ~ Lawrence H. White

Reducing Unemployment Is Not a Free Lunch

– May 17, 2022

“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