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Manufacturing Output is Solidly Above Pre-pandemic Levels
“Industrial output rose in February, led by solid gains outside of energy and motor vehicles. However, labor and logistics issues continue while turmoil surrounding the Russian invasion of Ukraine represents a new wave of potential disruptions.” ~ Robert Hughes
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It Takes a Village of Bureaucrats to Implement Despotism
“In America today, a decentralization movement is growing, advocating greater local control. Continued erosion of public trust in federal agencies and government experts will hasten that movement.” ~ Barry Brownstein
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Housing Permits Remained at a High Level in February but Builder Sentiment Fell in March
“Housing permits were off in February but remain at a solid level. Rising home prices and higher mortgage rates are strengthening headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert Hughes
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Healing Democracy from the Bottom-Up
“Freedom builds on mankind’s intense yearning for connection. The solution to our fragmented democracy will more likely emerge bottom-up from civil and market society, rather than top-down through politics.” ~ John O. McGinnis
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Weekly Initial Claims for Unemployment Benefits Fell Slightly, Remain Very Low
“Weekly initial claims fell slightly and remain at a very low level, suggesting the labor market remains tight. However, the Russian invasion of Ukraine dramatically increases uncertainty.” ~ Robert Hughes
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Why Size Matters, Dependency Debilitates, and Markets Must Be Left Alone
“Let’s bring on the capitalists who can promote value creation and who can champion the virtues of voluntary exchange, since this will allow for not only a rebound but a rebirth of the American economic system.” ~ Kimberlee Josephson
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