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Retail Sales Post Broad-based Declines in November
“Nominal and real retail spending fell in November, and trends remain weak. Risks for the economic outlook remain elevated. Caution is warranted.” ~ Robert Hughes
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Manufacturing Sector Declines in November
“Industrial-sector output fell in November. Elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
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Initial Unemployment Claims Fall While Continuing Claims Jump
“Initial claims fell to a three-month low while continuing claims jumped to an eight-month high. Elevated consumer price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
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After Three Holiday Seasons, Pandemic Monetary Policy Still Driving up Prices
“The HDAY Index and TDAY Index lead to the same irrefutable conclusion: the ongoing cost of policies implemented to mitigate the spread of COVID are large and, almost three years later, proving disconcertingly persistent.” ~ Peter C. Earle
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Communicating Economics to Young People
“Among the most satisfying of my professional duties as an economics educator is communicating, mostly by email, with students from around the country, and sometimes from abroad, about economics and liberalism.” ~ Donald J. Boudreaux
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What We Owe The Future: A Review
“We owe the future the chance to unfold as it will, free from the fetters of arbitrary authority which presumes to know what is ‘good’ for it.” ~ Paul Schwennesen
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