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Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
66 essays · Newest first
Clear filtersIn her latest opinion piece for the Washington Post, economics writer Heather Long observed about Federal Reserve Chairman Jerome Powell that “Many had predicted he would be Dr. Doom who caused a…
Naturally arrived at prices are the way that a market economy organizes itself. By extension, fake prices forced on producers by government as a rule result in scarcity if the force is real. Just as…
Paraphrasing George Orwell, some things are so ridiculous that only an economist could believe them. Take the front-page drama related to China’s alleged “deflation.”
This will be the last pretentious Dostoevsky reference for a while, I promise. But since economists and their enablers still think of inflation as rising prices (there’s in reality a big difference…
Circulation of good, trusted money is limitless yet there are strict limits to Bitcoin. That’s why it can never be money.
Every product and service that we enjoy today used to be nosebleed expensive. Which is why it’s strange that the various economic religions focus so much of their energies on monetary policy. They…
“Money supply” is a conceit on par with Five Year Plans, the only difference that Five Year Plans thankfully died in the 20th century.
Asked about inflation recently, Joe Biden presumably read that it’s a consequence of corporations “gouging” consumers…But even if corporations had the power to set prices, a high price born of…
It’s worth repeating that higher prices are at best an effect of inflation, not inflation itself. To say they’re inflation is like saying suntans cause the sun.
The inflation fight was a non sequitur, not to mention that the higher prices had nothing to do with inflation. The wonder is if the various economic religions will ever accept that the fastest path…
Without standards, money loses value not because it’s circulating too much, but because it circulates in lesser and lesser amounts. The theories are all wrong. To erase inflation, adopt standards.…
If the goal is to end inflation, there’s a simple answer. It has nothing to do with the Fed. And never has.
GDP growth and rates of unemployment would never be the reason to question the Phillips Curve. Simple logic indicates that there’s no link between growth and inflation, and there never has been.
That markets are incredibly stupid is pretty much implied in all the Federal Reserve commentary from the various economic religions. Think about it.
Talking to the New York Times recently, AEI’s lead economist in Michael Strain observed that “good news” for the Fed would be a recession. Since the credentialed near unanimously believe that job…
To say that Harvard’s Jason Furman believes mass unemployment and bankruptcy is the answer to inflation is a waste of words.
The story on Russia these days is that the economy is booming, with inflation breaking out as a consequence of all the government spending that is said to be stimulating the economy.
Senator Schumer thinks orange juice costs too much, while Senator McConnell thinks chocolate milk has become too pricey. Jerome Powell fears the cost of eggs. All of the above is hypothetical, but…
