Week in Review: Jan. 17-21, 2022

Economic data releases are frontloaded on a monthly basis, so there’s a lot less going on by third week. In this case, a lot less ain’t nothing:

Monday

Monday celebrated Martin Luther King Jr., a great American orator who spoke quite frequently about economics. You’ve probably seen many out-of-context quotes about his economic views (always supporting exactly what the quoter believes, of course), but I’m guessing none of them captured the nuances or complexities of his beliefs. This Axios piece supplies a good overview. Long story short, Martin Luther King Jr. believed in the power of work – he was not a pure socialist – but he also believed that capitalism had failed the masses. Bernie Sanders, anyone?

Tuesday

The IRi Supply Index ™