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Manufacturing-Sector Contracts in November
“The latest manufacturing survey suggests broadening weakness and falling price pressures for manufacturers. The outlook remains highly uncertain. Caution is warranted.” ~ Robert Hughes
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Adam Smith’s Oft-Missed Lesson on Human Imagination
“Lessons around the division of labor that stop with Smith’s description of the multiple human tasks miss his largest lesson: it is the human imagination that is most responsible for ongoing economic growth, not the dividing of manufacturing into separate tasks.” ~ Craig J. Richardson
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Weekly Initial Claims Continue to Trend Higher
“Weekly initial claims fell, but the rising trend in the four-week average and increasing job cut announcements are a warning. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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Taxes, Spending, and Powerball Winnings
“A system that rewards our elected officials for spending today, without regard to the future costs, inevitably leads to one conclusion: ever-growing public debt. The current debt crisis is no mystery.” ~ David Hebert
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Mental Health Is In Crisis. What Is the Answer?
“The first step toward fixing it is not letting it get worse. Given the US government’s track record of harming perhaps those who need our help the most, I think it would be foolish to trust them now.” ~ Raymond J. March
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