Never turn a blind eye toward racial inequality, cautions Jason L. Riley in the WSJ. You might not really be aware, however, that black American workers have had a pretty good run of it in recent years. The political left and its allies in the press prefer to accentuate black struggles. Mr. Riley presents some interesting […]
What Happens If the Saudis Bail on the Petro-Dollar?
At the Ron Paul Institute, former congressman and presidential candidate, Dr. Ron Paul explains the arrangement between Richard Nixon and the Saudis that became part of the bedrock of the dollar’s reserve currency status in the 1970s. Now, that arrangement is being threatened by a split in Saudi/U.S. ties brought about in large part by […]
Rebuild America’s Neighborhood Stores
Is the mall dead? It may be. Has anyone ever really wanted to spend time in a mall? They’re terrible places. In the post-COVID age, does anyone want to be bumping against other shoppers or hanging out in crowded food courts? Anyone who has worked in a mall can probably tell you that it is […]
Obscuring Money with Politics
Former Ron Paul staffer and current president of the Mises Institute, Jeff Deist reminds readers that the idea of money is market based, not political. But, Deist explains, “political (fiat) money” is “radically different from commodity money and can be understood only in the context of the perverse incentives afforded to the political class in […]
Can a Capital Injection Save Bed Bath & Beyond?
Bed Bath & Beyond has been saved for the moment from bankruptcy by an equity investment by Hudson Bay Capital Management. Will it be enough to save the retailer? The Wall Street Journal reports: Bed Bath & Beyond Inc. BBBY -48.63%decrease; red down pointing triangle couldn’t get banks to lend it money but the troubled retailer found a big […]
Price Controls Won’t Work in Any Country
Price controls imbalance economies and ultimately do more damage than the inflation they seek to prevent. Cato Institute’s Ryan Bourne explains here why Hungary’s price controls will not work. Well, we know what Friedman would have said: these price controls will not work as you intend. Limited to a small range of goods, they won’t dampen […]
Canadian Grain Harvest Drives Railroad Income Gains
Net income rose for Canadian Pacific Railway in 2022 as the railroad benefited from increased shipments of grain. World-Grain.com reports: Grain freight revenue in the fourth quarter was $655 million compared to $440 million year-over-year, a jump of 49%. Grain freight revenue totaled $1.77 billion in 2022, an increase of 5% over 2021’s $1.68 billion. “We […]
California Unions Could Spike the Slowly Recovering Supply Chain
Just when it appeared that there could be some light at the end of the tunnel for the supply chain, trade unions working at California’s import terminals could put a spike in the works. Labor negotiations with unions at the docks in California are not going well, and a strike could plunge the supply chain […]
Is the Supply Chain Normalizing?
JB Hunt, one of America’s largest logistics companies has suggested to its investors that the logistics business is returning to normal, with seasonality once again becoming part of the business. For years logistics companies have operated at full capacity year-round. Now, what had traditionally been a seasonal business looks to be returning to that model. […]
COVID Cash Import Boom Fizzles Out
While their government handed out copious financial aid during the COVID-19 pandemic, Americans dutifully spent that money on consumer goods, creating a boom in imports that clogged shipping lanes and docks across the country. Now, those imports are declining as Americans face heightened inflation and declining COVID assistance. Paul Page reports in The Wall Street […]
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