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AIER Leading Indicators Index Returns to Neutral in May
“AIER’s Leading Indicators Index returned to a neutral 50 reading in May. Persistent upward pressure on prices, labor shortages and turnover, fallout from the Russian invasion of Ukraine, periodic lockdowns in China, and an intensifying Fed tightening cycle remain significant risks to the economy. Caution is warranted.” ~ Robert Hughes
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Review: Cronyism: Liberty versus Power in Early America, 1607-1849
“It may seem extreme to some, but this total lack of admiration for any political actor is what allows the book to be a solid contribution to American political and economic history.” ~ Vincent Geloso
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Retail Sales Decline in May
“Nominal and real retail sales fell in May but remain above trend. However, threats to the economy are intensifying. Caution is warranted.” ~ Robert Hughes
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Fat Orwell
“With a few discreet kicks he sent the bits of his discarded lunch scattering. Now quiet again, his Fatbit faded to its resting display of the Party slogans. War is peace. Inflation is prosperity. Fitness is fatness.” ~ Jon Sanders
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C.S. Lewis on Recovering the Way Forward
“The original arc of liberalism will still be the original centuries-long arc of liberalism. The founding of liberal civilization will still be the founding. The ascendancy of liberalism will always be liberalism’s historic ascendancy.” ~ Daniel B. Klein
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