

Lord Rothschild’s advice to “buy when there is blood on the street” is perfectly apt in the bombed-out carnage of US office REITs, where stocks have fallen on a quantum scale more than the value of the underlying brick and mortar. Vacancy rates have...
US REITs: When to buy

Another Rate Hike? Let’s Not
The Federal Open Market Committee opted not to raise its interest rate target at its September 20 meeting. The range for the federal funds rate remains 5.25-5.50 percent. However, several Fed officials hinted another hike could come later in the year. Do we need...
Another Rate Hike? Let’s Not

Corporatism and Convict Leasing in the American South
Since the 1619 Project’s release, proponents of free markets have rightly pushed back on the claim that American capitalism is irrevocably linked to racism and slavery. In a recent Wall Street Journal op-ed, David Henderson and Phil Magness demonstrate...
Corporatism and Convict Leasing in the American South

Don’t panic over the latest inflation numbers
Inflation is back! Or so the commentariat would have you believe. The Consumer Price Index (CPI) grew 0.6 percent in August, significantly higher than the previous six monthly increases. Consumer prices have grown 3.7 percent over the last twelve months. If prices...
Don’t panic over the latest inflation numbers

US inflation is back on target
After more than two years of high inflation, the Federal Reserve finally has inflation back on target. The Personal Consumption Expenditures Price Index (PCEPI) has grown at a continuously compounding annual rate of 2.1 percent over the last three months, new data...
US inflation is back on target