“Real progress in the U.S. K-12 system will take broad and aggressive reforms which can only be possible after we break the hold innovation’s enemies have on the education system.” ~ Don Parker

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.

“Across the world, Gladstein’s investigative journalism shows how Bitcoin is a tool for individuals and communities to protect their wealth and promote their well-being in the face of repressive regimes. It is a sobering perspective” ~ David Waugh

“New-home sales fell again in March as prices and mortgage rates continue to rise. Elevated prices and rising mortgage rates may further weaken demand, and combined with significant inventory, put downward pressure on prices.” ~ Robert Hughes

“Unfortunately for the administration, their politically-convenient supply-side stories explain far too little. Today’s inflation is primarily the result of excessive nominal spending, which the Fed could have and should have offset.” ~ William J. Luther

“OWS’s efforts to develop Covid-19 vaccines are often considered the crowning achievement of what went right. Unfortunately, I fear its benefits are exaggerated, and its costs are just beginning.” ~ Raymond J. March

“In four of the quotations, Lewis speaks of ‘the Tao.’ By that he means something like the universe, including its moral order, or perhaps the notion of a morally ordered universe.” ~ Daniel B. Klein

“Existing-home sales fell again in March, but supply remains very tight. Shifting housing preferences, record-high prices, and surging mortgage rates are likely to impact demand over the coming months and quarters.” ~ Robert Hughes

“In Tocqueville’s visit to America, he is struck by an ‘equality of conditions’—his approach to social capital. Perhaps we should pay more attention to the equality of values people hold dear. Public health is important, but so is personal freedom.” ~ Byron B. Carson III

“I would claim that the growth of platforms that allow peer-to-peer cooperation, and foster the low-cost commodification of excess capacity, are likely to change our relations to work, to ownership, and to each other.” ~ Michael Munger