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Robert Hughes

Services-Sector Activity Picks Up in July

“Services-sector expansion continued in July. Ongoing labor and materials shortages and intense price pressures are still concerns, as are emerging signs of softening demand and a weakening economy.” ~ Robert Hughes

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Robert Hughes

Unit Auto Sales Rose for a Second Consecutive Month but Remain Weak

“Light-vehicle sales rose again in July but remain well below pre-pandemic ranges. Inventory shows signs of stabilization recently, but prices continued to rise.” ~ Robert Hughes

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Robert E. Wright

Proposing a Hank Williams Jr. Economic Misery Index

“Another problem is that the misery indices, like definitions of recession and stagflation, focus on unemployment to the exclusion of real wages. But real wage declines are painful, and not fully captured by inflation alone.” ~ Robert E. Wright

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Nicolas Cachanosky

There Are Good Reasons for Monetary Rules

“A good monetary rule does not only identify an appropriate course of action in advance. It also requires monetary policymakers to take that course and, in doing so, reduces the uncertainty businesses and consumers face.” ~ Nicolás Cachanosky

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Phillip W. Magness

Fit to Print? UNC’s Settlement with Nikole Hannah-Jones is Bad News

“It turns out the $75,000 wasn’t quite enough. As part of her settlement, she somehow managed to secure a bunch of Diversity, Equity, and Inclusion (DEI) sinecures for 20 university administrators.” ~ Phillip W. Magness & James R. Harrigan

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