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Private-Sector Job Openings Totaled Nearly 10 Million in December
“Job openings rose again while quits eased slightly but remain near record levels. The tight labor market continues to hamper production and sustain upward pressure on prices.” ~ Robert Hughes
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Production Constraints Slowed Expansion in the Manufacturing Sector in January
“Expansion slowed a bit but remained strong for the manufacturing sector in January. Production issues continue to restrain supply and sustain upward pressure prices, but there may be early signs of progress on some issues.” ~ Robert Hughes
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When “Mass Formation Psychosis” Meets Irish Democracy
“We must underthrow these authorities. And that starts with our dogged resistance, withdrawal, and truculence. But maybe Irish Democracy need not be ‘silent,’ as Scott describes it. Maybe it’s time to get loud.” ~ Max Borders
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Price Controls?!
“Price controls are a bad idea. But support for them appears to be growing. They are a terrible tool for dealing with inflation. They make no effort to reduce nominal spending. And they exacerbate supply constraints.” ~ William J. Luther
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Death by Inflation or by Interest Rate Hikes?
“If central banks protect the value of the currency, they will create an economic crisis. If they try to avoid the economic crisis, they will destroy the value of the currency and cause a monetary crisis anyway.” ~ Daniel Fernández
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