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Durable-Goods Orders Rose in June as Core Capital-Goods Hit a Record High
New orders for durable goods increased in June, gaining 0.8 percent, the 13th rise in the last 14 months. Total…
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How a Psychic Healer Blog Convinced the Government to Fund “Long Covid” Research
The National Institutes for Health (NIH) is exceptionally keen on the study of “Long Covid.” The federal agency recently allocated…
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New Single-Family Home Sales Fell Again in June
Sales of new single-family homes fell sharply again in June, decreasing 6.6 percent to 676,000 at a seasonally-adjusted annual rate…
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US Militarism Abroad is Hypocritical and Counterproductive
The liberal rules-based international order of human rights, democracy, and open markets is a status quo worth maintaining. The world…
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Prices Have Work To Do, Even in Pandemics
“Prices,” said the economist Benjamin Anderson, “have work to do. Prices should be free to tell the truth.” With Covid…
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What About “Whataboutism?”
In a recent social media exchange that I was engaged in regarding the January 6, 2021 Capitol protests (or insurrection,…
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Is Inflation Merely Catching Up?
Everyone is talking about inflation. And rightly so. The consumer price index (CPI) grew by 5.4 percent from June 2020…
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The False Promise of Sanctions and Isolation
The American appetite for war and conflict has greatly deteriorated for good reason. For many citizens, the United States has…
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Monetary Policy Since the Great Recession
After the 2007-2009 financial crisis, the Great Recession it precipitated, the exceptionally sluggish recovery, and now the pandemic recession, the…
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When the President Does It, It’s Not Illegal
Imagine that executives from ExxonMobile, Chevron, Marathon, and Hess met together, decided that they were going to raise the price…
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