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Poor Results for Retail Sales and Manufacturing Output in April
Retail sales and industrial production fell in April, continuing the multi-month run of mixed results for the economy. However, continued economic expansion remains the most likely path.
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Create Socialism Over One Product, Then We’ll Talk
If socialism can’t be made to work in such a small and simple case like this, why would one think that all these problems would go away once you expand the idea of common ownership to the whole of society and all existing goods?
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Markets Specialize in Finding and Fixing Failure
When any particular outcome emerges from the market process that is not suitable for market participants, the market will adjust and, sooner or later, produce another, better outcome. By contrast, government failures are rarely improved with adjustments.
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Did Tight Monetary Policy Result in a Sluggish Recovery?
Some claim that, over the last decade, tight monetary policy slowed down what would otherwise have been a rather speedy recovery. Can that possibly be right?
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