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Hatred Will Destroy You: What the Holodomor Teaches Us Today
“When any person harbors hatred, their own humanity is destroyed. In Grossman’s words, ‘looking at his victim as other than human, he ceases to be human himself. He executes the human being inside his own self; he is his own executioner.’” ~ Barry Brownstein
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Weekly Initial Claims Have Started to Trend Higher but Remain Below the Pre-Pandemic Level
“Weekly initial claims have trended slightly higher recently but continue to suggest a very tight labor market. The Russian invasion of Ukraine, renewed lockdowns in China, sustained elevated price increases, and a new Fed tightening cycle remain risks to the outlook.” ~ Robert Hughes
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Can We Revive the Old Constitution?
“The New Deal constructed numerous federal departments and agencies to regulate the private sector for general, nebulous ends. In effect, we received a new constitution.” ~ Richard M. Reinsch II
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AIER Leading Indicators Index Dips Back Below Neutral
“AIER’s Leading Indicators Index fell eight points to a below-neutral 46 in April. Rising prices, a new Fed tightening cycle, the Russian invasion of Ukraine, and new lockdowns in China are risks to the economic outlook. Caution is warranted.” ~ Robert Hughes
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When Should the Federal Reserve Have Moved on Inflation?
“Last month, I joined Caleb Brown on the Cato Daily Podcast. We discussed how inflation—and our understanding of inflation—evolved over the last year, when the Fed should have moved on inflation, and how much grace the Fed deserves when we evaluate its monumental miss.” ~ William J. Luther
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