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Robert Hughes

Manufacturing-Sector Survey Suggests Slower Expansion but Increased Price Pressures in March

“Manufacturing-sector demand expanded at a slower pace in March and price pressures intensified. Ongoing labor and logistical issues continue to restrain output and recent events in Ukraine may be yet another source of disruption and further delay the return to normalcy.” ~ Robert Hughes

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Gary Galles

Fear of Hobgoblins Doesn’t Justify Zoning

“Zoning gives government massive power, which has been used arbitrarily. Self-interest, self-selection and differing transportation and infrastructure needs resolve many scare stories when property rights are defended.” ~ Gary M. Galles

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Robert Hughes

Private Payrolls Add 426,000 Jobs in March

“Payroll gains remained strong in March, providing support for growth. However, sustained price pressures, a new Fed tightening cycle, and turmoil surrounding the Russian invasion of Ukraine are significant risks for the economy.” ~ Robert Hughes

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William J. Luther

Has the Fed Abandoned Its Average Inflation Target?

“Despite affirmations to the contrary, the Fed appears to have abandoned its average inflation target. Excessive nominal spending has pushed prices well above the level consistent with the Fed’s average inflation target.” ~ William J. Luther

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Robert Bradley

Old Oil Ads Were Reasonable on Climate Change

“An impartial reading of them reveals rational commentary on the knowns and unknowns of energy and climate. The ads are hardly controversial.” ~ Robert L. Bradley Jr. & Richard Fulmer

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