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“As argued in principle by Madison, confining our country’s broad experiences with any issue or belief–in this case, gun legislation–to one sweeping federal action would miss the mark and create a great injustice to American federalism.” ~ David Gillette & Lauren FrazierREAD MORE
“Industrial output rose again in April, the fourth solid gain in a row. However, shortages continue, sustaining upward pressure on prices. Combined with the Russian invasion of Ukraine, renewed lockdowns in China, and a new Fed tightening cycle, the risks to the economy remain significant.” ~ Robert HughesREAD MORE
“Where Agarwal and Kimball comment that the zero lower bound ‘is not a law of nature, but a policy choice,’ I suggest that the same is true about the need to fight an excess demand for money by cutting an interest rate instrument or target.” ~ Lawrence H. WhiteREAD MORE
“Every attempt by government to ‘stimulate the economy’ intensifies employers’ and workers’ expectations that slowing sales and losses of jobs will be cured by government-engineered increases in aggregate demand.” ~ Donald J. BoudreauxREAD MORE
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