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Robert Hughes

Lower Income Households Pull Down Consumer Sentiment in February

“Consumer sentiment fell in February, driven by a weaker economic outlook, especially among lower-income consumers.” – Robert Hughes

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Robert Hughes

Government Transfer Payments Distort Personal Income in January

“Personal income jumped in January as government payments surged but excluding government distortions, incomes fell.” – Robert Hughes

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William J. Luther

Should We Rethink Macroeconomics?

“Critiques of mainstream macroeconomics are common among Austrian economists. In a new book, titled Macroeconomics as Systems Theory, Richard Wagner goes further. He starts with Erik Lindahl’s distinction between microeconomics as individual action and macroeconomics as interaction. He then offers a new approach to macroeconomics based on theories of complex systems.” ~ William J. Luther

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Colin Lloyd

Are the Conditions Right for Another Commodity Super-Cycle?

“With unemployment rates still elevated and much of the global economy in some form of lockdown, it is hard to imagine the conditions for an economic boom, especially one that will see wage increases, but the size and scale of the global monetary and fiscal response to the pandemic is unprecedented. It creates the conditions for a continued appreciation of a wide range of essential commodity prices as the pandemic ends and demand rebounds.” ~ Colin Lloyd

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Peter C. Earle

The Utter Futility of a Bitcoin Ban

“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds in the face of obstacles.” ~ Peter C. Earle

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Ethan Yang

The Foundations of American Political Thought

“The three major schools of thought we outline all try to put forward a vision for society that prioritizes liberty and well-being. They have their own unique histories and doctrines that understanding not only enlightens one to their finer workings but also to the forces that shape human civilization. Understanding the intellectual foundations of these ideologies will not only elevate political discussion but lend greater clarity to the political forces and narratives driving change in society.” ~ Ethan Yang & Jack Nicastro

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