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Robert Hughes

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.


Antony Mueller

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.


Richard M. Ebeling

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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