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Private-Sector Job Openings and Quits Fall for a Third Consecutive Month
“Private-sector job openings and quits fell for a third consecutive month in June, adding to the evidence of a weakening economy. The outlook remains highly uncertain.” ~ Robert Hughes
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July Manufacturing-Sector Survey Points to Slowing
“The latest manufacturing survey suggests continued expansion but easing price pressures and uncertainty about the future. Persistently elevated price increases and an intensifying Fed policy tightening cycle remain risks to the outlook.” ~ Robert Hughes
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Price Ceilings of $0
“Whatever particular objections might be raised to legalization of the likes of prostitution or the selling of transplantable body organs, clarity of thought is enhanced by recognizing that the prohibitions in question are really price ceilings of $0.” ~ Donald J. Boudreaux
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The Corrective Contraction
“This mild recession will soon pass. Lower growth due to a higher trend inflation rate can persist forever—and will if the Fed fails to do its job.” ~ William J. Luther
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Price Controls Hurt Patients, Risk Future Innovation
“If price controls are put in place on new medications, research and development funds will dry up, manufacturers will cease creating new medications, and the hopes of patients seeking new treatments and cures will not exist.” ~ Courtney Quinn
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