The Guardian reported,
A new report claims “resounding evidence” shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.
Most people have heard about statistics or polls that report on the state of the American consumer and something called “consumer confidence,” but few know what they are or what they mean or even recall what the latest reports reveal.
Ludwig von Mises maintains that there are two ways of looking at ethics: one is that ethics is about how each person can satisfy his personal preferences, and the other is that there is an objective law that dictates what people ought to do. Mises places almost all ethical systems except for utilitarianism, which he sometimes call eudaemonism, in the latter camp. These systems include natural law ethics, divine command ethics, and Kantian ethics. Natural law ethics says that human beings have a certain nature or essence that dictates what they ought to do.
Economist Brad Delong believes that the US economy is in the midst of a soft landing, and that the Federal Reserve should have started cutting interest rates in January. Delong fears that the Federal Reserve “might upend America’s soft economic landing” if it doesn’t begin cutting interest rates soon.
