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Nonresidential construction
Robert Hughes

Nonresidential Construction Weighed Down by Private Sector

Nonresidential construction activity continues at a high level though the broader trend is essentially flat.

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ISM PMI
Robert Hughes

Purchasing Managers’ Indexes Signal Continued Weakness in Manufacturing

The ISM’s manufacturing PMI posted a fourth consecutive month below neutral in November. Declining trade amid slowing global growth and erratic U.S. policies are keeping risks elevated.

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Peter C. Earle

The Remarkable Power of “The Irishman”

Hardly a day goes by — certainly no major holiday or sporting event does — where American military personnel aren’t breathlessly thanked for their service. Frank Sheeran — “The Irishman” — is the dark, shattered underbelly of that service.

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Donald J. Boudreaux

Government Intervention Is Unscientific

Sit in any time beyond the first month of a typical ECON 101 class and here’s what you’ll be taught: free markets work well, but only under conditions that seldom prevail in reality – a regrettable fact that requires the state to intervene to correct each of the many market failures. The apparent science on […]

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Colin Lloyd

The Giant Debt-for-Equity Swap

The number of companies listed on US stock markets has halved since 1996; Low interest rates have pushed debt to all-time highs; The credit quality of corporate bonds and loans is declining; Even a mild recession may prove cathartic.

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Art Carden

Gary Becker: A Birthday Appreciation

For Becker (and so many after him), economics wasn’t just about stock markets, exchange rates, and the money supply.

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