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Business Conditions Monthly April 2023
“AIER’s April Business Conditions Monthly indicators reflect the disparate, and to some extent offsetting economic signals emergent within the US economy today.” ~ Peter C. Earle
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The Socialist Generation Debate
“The information required to ‘calculate’ the correct choice literally does not exist until market processes are allowed to generate information about the relative opportunity costs of various resources.” ~ Michael Munger
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Waller Offers Common Sense View on Financial Risks of Climate Change
“Climate-related innovation does not seem to pose a unique risk to the financial system. And lenders have a long history of adapting to technological innovation.” ~ Bryan Cutsinger
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Bill and Ted Take Joan of Arc to Walmart
“What I think is most striking about Walmart – and what I would hope Joan of Arc, Genghis Khan, Socrates, and others would notice – is that the floor-to-ceiling cornucopia is not restricted to the elites.” ~ Art Carden
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Why We Need Acquisitions and Why Khan’s Concerns are Bad for Business
“Antitrust cases cost a great deal of time and money, and yet Lina Khan asserts that FTC will be looking more closely at M&As both past and present — and this assertion should be of concern to any entrepreneur and any corporate investor.” ~Kimberlee Josephson
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We Are Measuring Inflation All Wrong: Non-Housing Inflation is Very Low
“Lagged OER and rent overstated inflation by more than two percentage points over the past ten months – raising it to 3.3 percent from 0.6 percent.” ~ Alan Reynolds
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Bud Light’s Sales Implosion, Explained (by Mises)
“Instead of focusing on creating value and serving consumers, companies are forced to dance to the ESG piper’s tune and perform whatever social initiatives a tiny cabal of people regard as important.” ~ Jon Miltimore
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Dr. Seuss, Philosopher Extraordinaire
“It happens that, 75 years after Seuss wrote it, Thidwick turns out to be a good metaphor Western democracies.” ~ Bruce Rottman
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Has the Disinflation Process Stalled?
“Fed officials may worry that the disinflation process has stalled. For this reason, the latest data likely increases uncertainty about the future course of monetary policy.” ~ William J. Luther
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Playing Chicken with a Stack of Steering Wheels
“People often complain about the ‘irrationality’ of politics, but there is nothing irrational about the process that has given rise to our crushing debt burden. Voters really do want lower deficits, provided it does not involve either cutting spending or raising taxes.” ~ Michael Munger
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