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Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
66 essays · Newest first
Clear filtersEvery so often it’s worth reminding readers what a miracle shopping is. Would-be buyers walk into businesses staffed by employees and owners who haven’t a faint clue about them, only to emerge from…
“If one-half of the commodities in the market rise in exchange value, the very terms imply a fall of the other half; and reciprocally, the fall implies a rise.” – John Stuart Mill, Principles of…
Inflation is all over the news and commentary today, particularly after a presidential election that was allegedly all about it. The problem remains that few who utter the word grasp its singular…
Lazard chief executive Peter Orszag recently published an opinion piece in the Washington Post that exists as an essential economics lesson for left-leaning Keynesian economic thinkers, along with…
Whether it’s actual inflation, or the kind of “inflation” that only economists and their media enablers tend to imagine it to be, a consensus invariably emerges that the Federal Reserve must “raise…
There’s a price for every good and service. Always and everywhere. This is a notable point at the moment, and in light of the never-ending talk about whether home insurers will or will not continue…
In a video that’s gone viral, the late Milton Friedman correctly asserts about inflation that “consumers don’t produce it,” and “producers don’t produce it.” Only for Friedman to go off track with…
According to University of Chicago economics professor Casey Mulligan, what he deems “inflation” was actually instigated by then Vice President Kamala Harris. Wow! Who knew VPs had so much power?…
Commenting on Twitter recently, Elon Musk wrote that inflation “is caused by the Federal government spending more than it earns, because they just print more money to make up the difference.”
The main thing is that the problems with CPI extend well beyond the known demerits. Prices are at best a reflection of the actual inflation, which means CPI is a distant look back to what market…
Pundits on the right and editorial boards have rightly made sport of Kamala Harris’s calls for price controls. They don’t work. Settled science.
The inflation problem in the U.S. grows worse by the day. But wait, say the experts, the consumer price index (CPI) continues to decline. The Fed “whipped” inflation with its interest rate price…
I voted for Trump in 2020, and intend to vote for him again. But let’s be serious, and let’s ask what Republicans would be saying if Trump had been re-elected in 2020.
Monetarism: Government has no resources. It can only spend what it’s taken from us first.
It’s accepted wisdom that the high-priced goods endured by consumers in recent years were evidence of inflation. Except that they were not.
As always, economists (and the Schools they inspired) never disappoint. If we ignore that prices rarely have much to do with inflation (a currency phenomenon) as is, what a strange way to try and…
When I was younger, I used to be able to dunk a basketball. Jerome Powell just admitted that he was baffled that inflation has not come down. According to the Labor Department, wholesale…
To say that many prices were higher in the aftermath of a Key Bridge-equivalent collapse on a global scale in 2020 insults statement of the obvious. Of course prices were and are higher, and of…
Gold continues to close at record-setting prices. In the past six months alone, the metal is up almost 25% — now costing as much as $2,400 per ounce.
Inflation is yet again a decline in the value of the unit of measure, a decline that can result in higher consumer prices.
Former budget director Mick Mulvaney is the latest, but surely not the last to say that inflation is “too much money chasing too few goods.”
Fed watchers and economists write about and watch the Fed with breathy intensity. Can it bring prices down? No, it can’t.
As always, rising prices can’t cause inflation any more than falling prices can cause deflation. Both are currency phenomena born of currency instability either in the direction of weakness or…
As always, the internet is forever. Consider that with the quote that leads today’s write-up by oh-so eminent and intelligent economist Lawrence Summers. In 2022, he was more than adamant that years…
