2nd Overall YoY Price Drop since 2012. Biggest in Seattle, San Francisco, Las Vegas, Phoenix, San Diego, Portland, Dallas… It’s spring selling season, when prices always rise month-to-month, and they did, but it wasn’t enough. It’s still spring selling season when sales volume and prices nearly always rise on a month-to-month basis, and they […]
https://pricklypear.news/wp-content/uploads/iStock-175216658-scaled.jpg17092560Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-07-06 00:30:312023-07-03 08:58:18The Most Splendid Housing Bubbles in America, June Update
Vivek Ramaswamy, a Republican candidate for President, has a strong position on central bank digital currencies (CBDC): “Hell no.” His proposals for reforming the Fed have major problems, but his views on financial freedom and privacy are unimpeachable. A CBDC would give the government unprecedented access to and control over private transactions. Allowing the Fed […]
https://pricklypear.news/wp-content/uploads/cbdc-scaled.jpg14402560Alexander William Salterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngAlexander William Salter2023-07-05 00:30:532023-07-03 04:53:56Ramaswamy on CBDC [Central Bank Digital Currencies]
The phrase that was popular during America’s own revolution owes a hat tip to a famous Englishman, who took a stand against King Charles I’s “ship tax”. Ask most Americans where the slogan “No taxation without representation!” came from and the likely response will be “American colonists protesting against Britain in the 1760s.” But the […]
https://pricklypear.news/wp-content/uploads/shutterstock_1930989755-scaled.jpg19202560Lawrence Reedhttps://pricklypear.news/wp-content/uploads/logo_2023.pngLawrence Reed2023-07-04 00:33:192023-07-03 04:54:38The Surprising Origins of the ‘No Taxation Without Representation!’ Slogan
Money supply growth fell again in April, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. April’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, and since November, […]
https://pricklypear.news/wp-content/uploads/money-down-the-drain.jpg339509Ryan McMakenhttps://pricklypear.news/wp-content/uploads/logo_2023.pngRyan McMaken2023-07-03 00:28:062023-06-29 06:40:10Money Supply Growth Falls to Depression-Era Levels for Second Month in April
It’s not capitalism. It’s not socialism. The new word we are hearing these days is the right word: corporatism. It refers to the merger of industry and state into a unit with the purpose of achieving some grand visionary end, the liberty of individuals be damned. The word itself predates its successor, which is fascism. […]
The driver: computer, electronic, and electrical manufacturing. The amount spent on building manufacturing plants in May in the US jumped by 73% from a year ago, and by 147% from May 2021, to $15.7 billion, according to Census Bureau data today. This by far outpaces the increase in construction costs (more on that in […]
https://pricklypear.news/wp-content/uploads/logo_2023.png00Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2023-07-01 00:28:312023-07-07 05:12:18Construction Spending on US Manufacturing Plants Soars, to De-Globalize Supply Chains?
The American economy is far weaker than it should be. Unemployment is low, but this overstates our economic strength given troubling long-term trends in labor force participation. Inflation is still more than twice as high as the Federal Reserve’s target. Real output growth is anemic. We have lots of workers, plenty of capital, and abundant […]
https://pricklypear.news/wp-content/uploads/shutterstock_327621161-scaled.jpg17982560Alexander William Salterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngAlexander William Salter2023-07-01 00:28:102023-06-28 07:28:14American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity
Anyone who has previously read my columns will quickly conclude that I believe reparations (as being currently discussed) are a tragically stupid idea. You have probably read a multitude of opinions telling you why that is so. You are about to get a significantly different take on the issue. The first aspect comes from my […]
December 7, 1941 will forever be remembered as, in the words of Franklin Delano Roosevelt, “a date that will live in infamy.” Another infamous date is April 5, 1933—the day that FDR ordered the seizure of the private gold holdings of the American people. By attacking innocent citizens, he bombed the country’s gold standard just […]
https://pricklypear.news/wp-content/uploads/iStock-1069881880-scaled.jpg19202560Lawrence Reedhttps://pricklypear.news/wp-content/uploads/logo_2023.pngLawrence Reed2023-06-28 00:26:202023-06-27 06:41:58FDR’s Other ‘Day of Infamy’: When the US Government Seized All Citizens’ Gold
Arizona Gov. Katie Hobbs vetoed Senate Bill 1413, a bill that would have made homeless encampments on private property trespassing. The bill would have also allowed cities to remove homeless encampments’ property if after a warning they are not claimed within 24 hours. If not claimed within 14 days, the property would be destroyed. Counties […]
https://pricklypear.news/wp-content/uploads/iStock-1127191948-scaled.jpg17092560Carly Moranhttps://pricklypear.news/wp-content/uploads/logo_2023.pngCarly Moran2023-06-24 00:29:292023-06-21 07:32:42Gov. Hobbs Vetoes Homeless Crackdown Bill, Six Others in One Day
The Most Splendid Housing Bubbles in America, June Update
/in Arizona News, Economy, Featured, Latest News, Personal Finance/by Wolf Richter2nd Overall YoY Price Drop since 2012. Biggest in Seattle, San Francisco, Las Vegas, Phoenix, San Diego, Portland, Dallas… It’s spring selling season, when prices always rise month-to-month, and they did, but it wasn’t enough. It’s still spring selling season when sales volume and prices nearly always rise on a month-to-month basis, and they […]
Ramaswamy on CBDC [Central Bank Digital Currencies]
/in Economy, Featured, Latest News, Liberty, Personal Finance, Politics/by Alexander William SalterVivek Ramaswamy, a Republican candidate for President, has a strong position on central bank digital currencies (CBDC): “Hell no.” His proposals for reforming the Fed have major problems, but his views on financial freedom and privacy are unimpeachable. A CBDC would give the government unprecedented access to and control over private transactions. Allowing the Fed […]
The Surprising Origins of the ‘No Taxation Without Representation!’ Slogan
/in Economy, Featured, Latest News, Liberty, Politics/by Lawrence ReedThe phrase that was popular during America’s own revolution owes a hat tip to a famous Englishman, who took a stand against King Charles I’s “ship tax”. Ask most Americans where the slogan “No taxation without representation!” came from and the likely response will be “American colonists protesting against Britain in the 1760s.” But the […]
Money Supply Growth Falls to Depression-Era Levels for Second Month in April
/in Economy, Featured, Latest News, Personal Finance/by Ryan McMakenMoney supply growth fell again in April, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. April’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply growth has slowed quickly, and since November, […]
A Genealogy of Corporatism
/in Economy, Featured, Latest News, Liberty, Politics/by Jeffrey TuckerIt’s not capitalism. It’s not socialism. The new word we are hearing these days is the right word: corporatism. It refers to the merger of industry and state into a unit with the purpose of achieving some grand visionary end, the liberty of individuals be damned. The word itself predates its successor, which is fascism. […]
Construction Spending on US Manufacturing Plants Soars, to De-Globalize Supply Chains?
/in Economy, Featured, Latest News, Personal Finance, Politics/by Wolf RichterThe driver: computer, electronic, and electrical manufacturing. The amount spent on building manufacturing plants in May in the US jumped by 73% from a year ago, and by 147% from May 2021, to $15.7 billion, according to Census Bureau data today. This by far outpaces the increase in construction costs (more on that in […]
American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity
/in Economy, Education, Featured, Latest News/by Alexander William SalterThe American economy is far weaker than it should be. Unemployment is low, but this overstates our economic strength given troubling long-term trends in labor force participation. Inflation is still more than twice as high as the Federal Reserve’s target. Real output growth is anemic. We have lots of workers, plenty of capital, and abundant […]
Reparations
/in Culture War, Economy, Education, Featured, Latest News, Life Advocacy, Personal Finance, Politics/by Bruce BialoskyAnyone who has previously read my columns will quickly conclude that I believe reparations (as being currently discussed) are a tragically stupid idea. You have probably read a multitude of opinions telling you why that is so. You are about to get a significantly different take on the issue. The first aspect comes from my […]
FDR’s Other ‘Day of Infamy’: When the US Government Seized All Citizens’ Gold
/in Economy, Featured, Latest News, Liberty, Personal Finance, Politics/by Lawrence ReedDecember 7, 1941 will forever be remembered as, in the words of Franklin Delano Roosevelt, “a date that will live in infamy.” Another infamous date is April 5, 1933—the day that FDR ordered the seizure of the private gold holdings of the American people. By attacking innocent citizens, he bombed the country’s gold standard just […]
Gov. Hobbs Vetoes Homeless Crackdown Bill, Six Others in One Day
/in Arizona News, Economy, Featured, Latest News, Politics/by Carly MoranArizona Gov. Katie Hobbs vetoed Senate Bill 1413, a bill that would have made homeless encampments on private property trespassing. The bill would have also allowed cities to remove homeless encampments’ property if after a warning they are not claimed within 24 hours. If not claimed within 14 days, the property would be destroyed. Counties […]