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David Gillette

Gun Control, States’ Rights, and Bernie Sanders

“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 Frazier

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Robert Hughes

Industrial Output Posts Fourth Consecutive Strong Gain

“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 Hughes

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Robert Hughes

Retail Sales Post Strong Gains in April

“Retail sales rose in April and revised data suggest a stronger trend recently. However, significant threats to the economy remain. Caution is warranted.” ~ Robert Hughes

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Lawrence H White

Should the Fed Devalue Our Currency to Implement Negative Interest Rates?

“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. White

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Donald J. Boudreaux

Reducing Unemployment Is Not a Free Lunch

“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. Boudreaux

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