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October Industrial Output Posts Broad-based Gain
“Industrial output rebounded in October as the effects of Hurricane Ida faded and motor vehicle production jumped. It may take some time for materials shortages and logistical problems to be fully resolved, but October was a positive sign for the outlook.” – Robert HughesREAD MORE
The Church of State: Taxonomy of a New Religion
“In viewing one another as sacred individuals, even the godless might just find something a little closer to God. If we don’t reestablish a doctrine of sacredness of persons, we risk returning to the horrors that marked the twentieth century.” ~ Max BordersREAD MORE
Retail Spending Hits a New Record High in October
“Retail sales rose in October, hitting a new record high. Resilient consumer spending is a positive for the outlook but also sustains upward pressure on prices.” – Robert HughesREAD MORE
The Case of Evergrande: Is There a Housing Bubble in China?
“The Chinese housing bubble is enormous; various economic indicators leave no room for doubt. Evergrande’s problem is not an isolated issue but a systemic problem with the Chinese economy.” ~ Daniel FernándezREAD MORE
Thoughts on Democratic Choice
“Freedom of choice is wonderful, and democracy – properly understood and constrained – can be a blessing. But democracy becomes a heinous curse when its ethos is reduced to nothing more than the belief that the majority is free to choose whatever it fancies.” ~ Donald J. BoudreauxREAD MORE
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