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Robert Hughes

Fears of Price Instability Pull Down Consumer Sentiment in Early May

“Consumer sentiment fell in early May, driven by fears of rising prices as government lockdown policies are eased and economic activity picks up.” – Robert Hughes

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Robert Hughes

Industrial Output Rises in April Despite Weakness in Autos

“Industrial output rose for a second consecutive month in April, recovering from a weather-related drop in February; the sector still has a way to go until pre-pandemic levels of output. In general, cessation of government restrictions on consumers and businesses is boosting the economic outlook.” – Robert Hughes

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Richard M. Ebeling

Frank Knight and the Place of Principles in Economics and Politics

“This counterrevolution can be repulsed and reversed. But it will require the type of defenses of the principle of freedom in politics and economics that Frank Knight called for and reasoned about seventy years ago. We must cultivate a new age of enlightened liberty so as not to fully sink into a new dark age of tyranny and despair.” ~ Richard M. Ebeling

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James L. Caton

There Is No Avoiding the Long Run: A Low Interest Rate Environment Is a Low Growth Environment

“We’ve trod down the post-Bernanke path long enough to learn that the cost of following a policy of resource allocation by the Federal Reserve instead of allowing a modestly higher rate of inflation is lower growth of real income.” ~ James L. Caton

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Robert Hughes

Retail Sales Stall in April, But Remain Well Above Trend

“Retail sales were mixed in April but a reopening economy and improving fundamentals suggest a strengthening economic outlook.” – Robert Hughes

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Vincent Geloso

The Industrial Revolution Was Not a Wash!

“The findings of these recent articles are incredible for anyone seeking to bridge the divide between scholarly knowledge and the popular imagination. They show that even the worst-case scenario implies that the Industrial Revolution constituted a momentous and positive development in terms of the quality of life of the poorest.” ~ Vincent Geloso

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Michael Fumento

Liberals Turning Against the Lockdown Left

“The left, including the U.S. mainstream media, has always pushed a hysterical approach to both Covid spread and severity. But chinks in the armor are now appearing as it becomes clear that many want a permanent Covidocracy – lockdown forever and ever, amen.” ~ Michael Fumento

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