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Is Inflation Back?
Gold will return to monetary preeminence not because it can or should, but because it must. Nixon’s temporary suspension will be exactly that; not because he said so, but rather because at some point there will be no other road forward.
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Manufacturing Output Posts a Solid Gain in July
“Industrial output rose in July as output jumped in the volatile motor vehicle industry. Ongoing difficulties with labor, logistics, and materials shortages should ease in the coming months and quarters, but the recent surge in new Covid cases does represent a risk to the outlook for industrial output.” – Robert Hughes
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Ambrose Bierce’s Pro-Freedom Cynicism
“Freedom fighters need all the comic relief they can find. The laughs that Bierce delivers are combined with lines that pierce perpetual political frauds now more than ever.” ~ James Bovard
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Total and Core Retail Sales Fell in July
“Retail sales fell in July and the trend over the last three months is noticeably weaker. Continued recovery in the labor market and gains in wages are needed to support retail sales growth.” – Robert Hughes
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How Societies Save For an Uncertain Future
“This is the problem that all societies have tried to overcome – moving value through time and ensuring our individual livelihood when we’re too old to produce the value that sustains us.” ~ Joakim Book
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Spencer Roane, Enduring Paladin of States’ Rights
“Roane believed that it was imprudent to limit judicial review to one institution because ‘all history teaches’ that ‘power is an encroaching thing, and that all men who possess it, will feel it and forget right.'” ~ Robert E. Wright
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