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New Single-Family Home Sales Bounce Higher in May
“New-home sales ticked up in May as prices and mortgage rates continue to surge. Elevated prices and rising mortgage rates are likely to weaken future demand.” ~ Robert Hughes
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Consumer Sentiment Plunged to a Record Low in June
“Consumer sentiment plunged to a record low in June and is consistent with prior recessions. Inflation is a driver of weakening consumer attitudes and contributing to elevated risks. The outlook is highly uncertain.” ~ Robert Hughes
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The Wire Turns Twenty
“In the end, The Wire offers Baltimoreans no hope, and statist policymakers no path forward. But surely a smaller city government would mean a better Baltimore.” ~ Robert E. Wright
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Want to Understand the Inflation Problem? Look to Harvey Road, Not Pennsylvania Avenue
“A bipartisan generation of loose money and loose budgets has created major negative spillover effects, and today’s inflation problem is what we all have to show for it.” ~ Peter T. Calcagno & Edward J. Lopez
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Adam Smith’s Synergistic Moral Authorizations
“Smith teaches how we do our part in serving the good of the whole; how in focusing diligently on the good of our part we serve that of the whole; and how freedom fortifies the remarkable correspondence between those two goods.” ~ Erik Matson
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