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Housing Data Remain Soft
Sales of new single-family homes rose 3.5 percent in August and are up 12.7 percent from a year ago, however, they are down 11.7 percent from November 2017. Declining affordability suggests that sales are unlikely to move significantly higher in the coming months.
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What Do Economic Growth Figures Tell Us?
Economic growth as measured by gross domestic product directs policy makers toward imagining a lump sum of output instead of allowing the market to adapt to the diverse needs and wishes of individuals.
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The Rise of Capitalism and the Dignity of Labor
Free market liberalism not only has brought about growing prosperity for more of humanity, but has cultivated a more polite and respectful society to accompany the material betterment of the human condition.
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