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The Manufacturing Purchasing Managers’ Index paints a modestly positive picture of the manufacturing sector in March, offsetting the weak report on February retail sales. The outlook is for ongoing economic expansion, but heightened caution is warranted.
Retail sales fell again in February, the second decline in the last three months. A string of mixed economic reports suggests caution is warranted.
The sharing economy, fueled by the internet’s capacity to match small buyers and sellers, looks like a revolutionary business model. But for this model to be sustained, there must be a reliable source of long-term profits.
Donald J. Boudreaux
The fact that the market does not supply as much paid leave as people would want if they did not have to pay full price for it is not a market failure; it’s a market success.
In terms of information access and the opportunity to learn and share knowledge, we’ve never been more rich and equal.
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