Economic Trends

Before Joining the Boycott Bandwagon, Consider This

“We should all be thankful to live in a country where there are plenty of options for beer and bargain buys and that we have the power to vote with our dollars and voice our concerns.” ~ Kimberlee Josephson

The (Big Labor) Empire Strikes Back in Michigan

“Labor unions prefer to obtain all their dues through the easy method of coercion. They hate RTW statutes because they give disaffected workers an escape hatch.” ~ George Leef

The Myth of American Inequality and Stagnation

“The familiar trope of the rich getting richer, the poor getting poorer, and the middle classes treading water is disproved by devastatingly large amounts of empirical evidence.” ~ Donald J. Boudreaux

The FTC should answer its Call of Duty to Gamers

“There are so many holes in the FTC and Sony’s opposition to the Microsoft-Activision merger that an analogy to Swiss cheese is in order.” ~ Gary M. Galles

What’s Next for the Fed?

“A wide range of outcomes are still possible for 2023, ranging from stagflation to a ‘soft landing.'” ~ Thomas L. Hogan

All Housing is Still Affordable Housing: “Seen and Unseen” Edition

“The unseen cause of gentrification is the knee-jerk NIMBYism of affluent leftist neighborhood associations. And that causes the elimination of almost all affordable housing in the city, quickly.” ~ Michael Munger

America’s Long Depression

“The US economy may continue to grow or shrink a few percent from year to year, but it will remain mired in a deep depression compared to what it could have achieved.” ~ Robert E. Wright

Can the Fed Continue to Fight Inflation without Risking a Financial Crisis?

“In principle, the Fed has the ability to provide liquidity to the banking system while simultaneously reducing the incentives banks have to make loans.” ~ Bryan Cutsinger

Taylor Swift, Turn Your Wrath to Government!

“The entity that Taylor Swift and her legion of fans are turning to save themselves from a predatory monopoly that engages in shifty pricing is itself a predatory monopoly that engages in shifty pricing.” ~ Anthony Gill

Coronavirus and Economic Crisis

Prices Continue to Rise, Exceeding Fed Projections

“The Fed seems resolved to see inflation climb further. I expect FOMC members will revise up their projections of inflation again in June. They should revise their course of action, to bring inflation down as planned, instead.” ~ William J. Luther

How High Will Inflation Be in 2021?

“Inflation will be noticeably higher in 2021 than it has been in some time. An important question is whether it will be followed by the widely predicted lower inflation or by higher inflation in subsequent years.” ~ Gerald P. Dwyer