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Capitalism Can’t Fix An Artificial Labor Shortage
“Governments only have spending power and faux swagger insofar as they arrogate to themselves a rising percentage of the production created by capitalistic endeavor. In other words, capitalism is the source of congressional largesse. In 2020, Congress chose to use the wealth extracted from capitalists in order to make hiring quite a bit more expensive for capitalists.” ~ John Tamny
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Fun Ways to Annoy China and Support Taiwan
“China is deeply concerned with its global image and is also highly sensitive to having its narrative broken. The best ways to annoy China are ultimately to shine sunlight on its lies and to restore our confidence in ourselves as a civilization that treasures individual liberty rather than kicking ourselves down the road of self-pity and regret.” ~ Ethan Yang
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Services-Sector Expansion Continued in May
“The services sector expanded again in May, but shortages of labor and materials, a result of production constraints and logistical issues, are restraining capacity.” – Robert Hughes
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When Crowds Go Mad
“Much like his role model’s chief literary achievement, all is not well in this otherwise highly enjoyable book. Bernstein often resorts to simplified and unproved evolutionary just-so stories to account for the lunacy he colorfully describes.” ~ Joakim Book
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Why Do Inflation Expectations Matter?
“Powell is telegraphing to the market that he hears their concerns about inflation. We will have to wait through the next several months to learn whether or not investors will be convinced.” ~ James L. Caton
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Auto Sales Slowed in May, but Remained at a Solid level
“Light-vehicle sales eased back to the middle of the recent range in May. A semiconductor shortage is disrupting production and likely distorting sales, inventories, and prices.” – Robert Hughes
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Weekly Initial Claims for Unemployment Benefits Post Fifth Straight Drop
“Rising economic activity is driving a strengthening labor market and pushing unemployment benefit claims lower.” – Robert Hughes
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Liberating Yourself from Faucism
“In place of helplessness, we can choose not to participate in lies. ‘Let their rule hold not through me!’ is the key to our liberation. We can be open and eager for public jousting and arguments from diverse points of view. If this is too much to ask, we will lose our remaining freedoms.” ~ Barry Brownstein
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