“The aggressive tone aside, the emphasis on a fiat mindset – one where you get something for nothing and can have something merely by decree – is valuable. The thesis remains unproven, but the proposition lingers long after the final page.” ~ Joakim Book
“Job openings and quits fell but both remained near record levels in January. Labor difficulties, material shortages, and logistical issues as well as high inflation, an impending Fed tightening cycle, and global political and economic turmoil are threatening the U.S. economy.” ~ Robert Hughes
“There are several steps to go before the Federal Reserve starts selling assets to reduce the size of its balance sheet. That type of active tightening will probably not begin for a while.” ~ Thomas L. Hogan
“The relationship between Seinfeld and David has received more ink and attention than the one between Mandeville and Smith. That said, we would not have had a ‘Seinfeld’ without a Larry David. Would we have had a Smith without a Mandeville?” ~ Garret Edwards
“If developers build cheap housing, the price of all housing except the very most luxurious will fall. Alternatively, if we build more luxury housing, then the price of all housing will fall, as there will be less pressure for gentrification or ‘teardowns.’” ~ Michael Munger
“AIER’s Leading Indicators Index dropped to 46 in February. Disruptions to labor supply, shortages of materials, and logistics bottlenecks continue to pressure prices. Falling new Covid cases had the potential to support businesses’ efforts to expand production, but turmoil surrounding the Russian invasion of Ukraine has launched a new wave of disruptions. The outlook has become highly uncertain and extreme caution is warranted.” ~ Robert Hughes
“Recognizing the ability to see what isn’t there as something that makes many of economics’ graphical tools so useful can ground the understanding of those who teach economics, as well as those who take it.” ~ Gary M. Galles
“Tolkien admitted late in life–after serving in the infantry in WWI, anxiously seeing his son fly for the Royal Air Forces in WWII, witnessing the devastation of Hiroshima and Nagasaki, and watching the rise of communism–that he had almost become an anarchist.” ~ Henry T. Edmondson III
“Instead of thinking of new ways to punish Russians, Americans and others of goodwill should look for ways to help Ukrainians. Aiding refugees and allowing them into America would be good places to start.” ~ Doug Bandow
“Perhaps the biggest fail of them all is that many Americans whose real incomes are declining but whose nominal incomes have increased will be forced on 15 April to pay higher real taxes. Come to think of it, government isn’t greedy. It’s rapacious.” ~ Robert E. Wright
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