“Weekly initial claims ticked up but remain at a very low level, suggesting the labor market remains tight. However, the Russian invasion of Ukraine dramatically increases uncertainty.” ~ Robert Hughes
“AIER’s Everyday Price Index rose again in February, driven by increases in the prices for motor fuel and groceries. Price pressures are unlikely to ease in the short term given the global economic turmoil surrounding the Russian invasion of Ukraine.” ~ Robert Hughes
“Ukrainians will have to not only rebuild their country but decide which ideology will be the foundation for their country’s future. The ideal one would be Ludwig von Mises’s proposed ideology of a ‘perfect free market economy.'” ~ Richard M. Ebeling
“Not all higher ed dollars are created equal. Idaho’s legislators should create more incentives for the state’s students and colleges to excel instead of simply maintaining the institutional status quo.” ~ Stephen C. Miller & Jason Jewell
“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
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