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“AIER’s Everyday Price Index fell 0.2 percent in November, led by gas and groceries. Effects of the pandemic and government restrictions may impact relative prices in the short term.” – Robert HughesREAD MORE
“What is to be done? We have to keep the promise of liberty, especially of voluntary association and competitive markets, alive and remember that no matter how bad things get, the solution to most of our problems, radically smaller government and greatly increased economic freedom, can always be implemented tomorrow, one way or another.” ~ Robert E. WrightREAD MORE
“The deviation of the real world from normal gives opportunity for improvement, if we are able to take advantage of positive deviations and minimize the harm of negative deviations. If we can do that, things don’t average out. Progress can come out of the filtering of randomness. Our worth, as individuals, comes not merely how we are similar to others, but to how we are different.” ~ Clifford F. ThiesREAD MORE
“Initial claims for unemployment benefits rose again, sustaining doubts about the durability of the recovery.” – Robert HughesREAD MORE
“Money isn’t best thought of as a medium of exchange, unit of account, and store of value. Let’s just think of it as just a medium of exchange and a unit of account. For the most part these circles overlap, and the two functions are united. But this isn’t always the case.” ~ J.P. KoningREAD MORE
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