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The Federal Reserve Is Not Credible
“Having persistently undershot its inflation target for nearly a decade, the Fed now looks poised to err in the opposite direction.” ~ William J. Luther
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Demand Remains Strong as Production Problems Persist for the Manufacturing Sector
“Demand for manufactured goods remained very strong in September. However, labor difficulties, materials shortages, and logistical issues continue to restrain supply and pressure prices.” – Robert Hughes
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Consumer Sentiment Improved in September but Remains Low
“Consumer sentiment remained weak in September as consumers react to Covid and high prices. The survey results suggest continued risks to the economic outlook.” – Robert Hughes
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China As Excuse: Special Interests Mulct Americans in the Name of Battling Modern “Yellow Peril”
“The US should not use the specter of China as an excuse to further bloat Uncle Sam’s budget, imitating Beijing’s worst policies in the bargain. America will win the intensifying competition by relying on its historic strengths rather than aping China’s statist strategies.” ~ Doug Bandow
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People Have Few Protections Against Law Enforcement Civil Asset Forfeiture Practices
“It doesn’t have to be this way. A few states – Maine, Nebraska, North Carolina, and New Mexico – have abolished civil forfeiture entirely. Perhaps more states will someday pass reforms to protect the property of their citizens.” ~ Dan Greenberg
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As China Celebrates a Birthday, Hong Kong Has a Funeral
“The Chinese government seems much more interested in punishing the Hong Kongese for their truculence, rather than including them as full citizens. So every year China celebrates National Day. And every year we mourn the loss of a free Hong Kong.” ~ Robert Anthony Peters
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