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Capital-Spending Prospects Remain Strong
New orders for durable goods jumped 1.0 percent in June while new orders for core capital goods rose 0.6 percent. Both are showing strong uptrends over the past two years.
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The Super-alertness of Central Bankers
Central bankers need not merely be alert to market disequilibria. They must foretell, without the proper information, how the whole market will react to new conditions.
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Regime Change at the Fed
Why did the Federal Reserve move from a corridor to a floor system in 2008?
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Markets and Prosperity, Not Police, Will Fix the Crime Problem
We need more markets, not more government, to discourage and prevent crime. One need not assume that unionized, militarized, and unpopular policemen are the only option for keeping the peace and keeping Americans safe.
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