“It makes more sense to think that Smith, in propounding a presumption of liberty, assured readers and lawmakers that liberalizations would not lead to an exodus of capital or widespread disruptions of economic life.” ~ Daniel B. Klein
“By offering bigger seats and more legroom, airlines are essentially asking if we’re ready to cover the cost of providing the additional comfort. When we choose cheaper, less comfortable economy class seats, we’re saying ‘No, thank you.’” ~ Art Carden
“For now, it should be said that Soni has written an essential book about some remarkable people. What an achievement by Jimmy Soni in telling the story of PayPal, and the amazing people who made it happen.” ~ John Tamny
“Industrial output rose again in March. However, a range of economic and geopolitical issues continue to restrain the ability of manufacturers to meet the significantly higher demand that has emerged following the lockdown recession.” ~ Robert Hughes
“Private firms already have powerful incentives to ensure that they are optimally secured against supply disruptions. Any government intervention would then upset these optimal private arrangements.” ~ Donald J. Boudreaux
“Regardless of substitution, businesses have to use some commodities for production. With PPI inflation for all commodities at 24 percent, though that does not necessarily forecast a future CPI increase that high, it strongly suggests CPI inflation will continue to rise.” ~ Robert F. Mulligan
“The virtues of a bourgeois republic – honesty, compromise, tolerance, and fair-dealing – seem pale in comparison to the demands for social justice here and now. As a student of mine once said, ‘I need something to help me get up in the morning.’” ~ Steven B. Smith
“Consumer sentiment bounced higher in early April but remains consistent with prior recessions. Expectations jumped on a decline in gas prices, but economic risks remain elevated. The outlook is highly uncertain.” ~ Robert Hughes
“Washington policymakers need to put America—its people, territory, liberties, prosperity, and security—first. To retake its claimed role of global leader Washington paradoxically will have to relearn the value of humility.” ~ Doug Bandow
“Retail sales rose in March but fell after adjusting for price changes. Ongoing labor and materials shortages, turmoil from the Russian invasion of Ukraine, and a new Fed tightening cycle all raise risks for the outlook.” ~ Robert Hughes
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