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Housing Market Outlook Darkens as Mortgage Rates Rise
“Single-family housing starts and permits fell again in October as demand continued to weaken. Plunging homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
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Weekly Initial Claims for Unemployment Insurance Remain Stable
“Weekly initial claims fell, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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Taxes, Special Privileges, and “Private Enterprise”
“Income, corporation, and capital-gains taxes are taxes on the general welfare. Also harmful to the public welfare are protective tariffs and similar restrictions on how people may peacefully spend their own money.” ~ Donald J. Boudreaux
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Let Them Compete: Labor Markets Are Workers’ Friends, Not Their Enemies
“Workers compete with one another for jobs, but firms compete with one another for workers. When people are allowed to compete, one’s folly becomes another’s opportunity.” ~ Art Carden
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Can We Have Welfare Without the Threat of Violence?
“The mutual aid sector is due for a renaissance. It might seem radical, but charity and mutual aid systems create more trust, engender more integrity, and offer greater responsibility.” ~ Max Borders
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