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Manufacturing Output Fell Slightly in December
“Industrial output fell in December, but many industries are producing more now than prior to the pandemic. Still, it may take some time for materials shortages and logistical problems to be fully resolved.” ~ Robert Hughes
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Retail Spending Fell Sharply in December
“Retail sales fell in December but remain at a high level, sustaining pressure on prices. However, there may be early signs of easing pressures as sales growth moderates and inventories rise.” ~ Robert Hughes
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Yes, Blame the Federal Student Loans
“As important as all this context is, it does not detract from by far the most important message of Mitchell’s fascinating and highly readable book: federal student lending, often fueled by good intentions, is ‘help’ that has very often hurt.” ~ Neal McCluskey
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Institutions, Incentives, and the Impending Death of the Senate Filibuster
“If the old rules failed to function as intended, there would be more justification for junking the filibuster altogether. That would be a sad day for the republic, but at least we would have tried to save it.” ~ James E. Hanley
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Does Modern Technology Enable Communism?
“Let us hope that one day proponents of communism can find it within themselves to finally listen to Mises and Hayek, free themselves from the chains of planning, and embrace what is truly radical: free markets and a free society.” ~ Kenneth Kalczuk
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