He Calls It Socialism; Marx Called It Communism's Last Stage

Core CPI Prints Cooler Than Expected Despite Biggest Jump In Energy Prices Since 2005 While PCE showed some signs of higher energy prices leaking into inflation prints, it was still February data. As we previewed, today's CPI data is for March and will bear the full brunt of the Iran War's impact on energy costs after Core CPI fell to its lowest in four years in February. The headline CPI soared 0.9% MoM (as expected) and while it was a big MoM jump, Consumer Prices rose 3.3% YoY (up from +2.4%...

Senate's Rush To Regulate AI Chatbots Is Bad For Everybody Authored by John Coleman via RealClearPolitics, The dawn of the AI era has sparked a wide range of reactions, from exhilaration over the technology’s capabilities to deep distress.  Such responses to a new communicative tool are nothing new, and indeed, AI presents new and unique challenges that will require deep thought and sensitivity. But a heavy-handed congressional response that erodes longstanding American freedoms isn’t the answer. The Senate Judiciary Committee’s markup and passage last week of SB 3062, the GUARD Act, shows the...

Millions Of Americans Are Giving Up On Buying New Cars A growing number of Americans can no longer afford to buy new vehicles. Since 2020, roughly one million potential buyers have exited the market, and industry forecasts suggest they are unlikely to return soon, according to Wall Street Journal.  Although automakers initially expected sales to recover to pre-pandemic levels, persistent economic pressures have kept demand below earlier expectations. Before COVID-19, U.S. new-vehicle sales typically reached around 17 million units annually. Today, most forecasts place demand closer to 16 million vehicles or less,...