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Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
88 essays · Newest first
Clear filtersIf a recession is coming, or for that matter growth, money in circulation will reflect either scenario without regard to the central plans of economists and those who revere them.
Circulation of good, trusted money is limitless yet there are strict limits to Bitcoin. That’s why it can never be money.
Money isn’t abundant in Palo Alto but scarce in Baltimore because the state decreed it so, rather money in circulation is production determined. It’s a market phenomenon every bit as powerful as the…
“Money supply” is a conceit on par with Five Year Plans, the only difference that Five Year Plans thankfully died in the 20th century.
“Our company is thirty days from going out of business.” That’s the motto inside Nvidia, a company presently worth around $1.148 trillion.
Argentina is already “dollarized.” For Javier Milei to decree dollarization would be for him to insert the state into monetary policy.
Keynesian theory says governments can grow the economy with spending, but that too much government spending causes inflation. Monetarism, a Keynesian variant, claims that increases in so-called…
Uncertainty about Social Security’s future is more of a political discussion than it is a discussion of actual market realities.
You don’t need to get an economics degree from Princeton to understand economics. In fact, it will likely imbue you with a dangerous level of self-importance and indoctrinate you with…
January 30, 2023 Mr. Kevin Hallock President of the University of Richmond 410 Westhampton Way, Richmond, VA 23173 Dear Mr. Hallock: One of the most basic tenets of our Judeo-Christian…
I am a people person, and always enjoy meeting new people, especially if we share the same passions. Sometimes fortuitous circumstances bring people with similar interests together, as what happened…
I always think it is bad form to ask someone “what do you do” upon first meeting them. I usually make something up and tell them I am a toll booth operator or a Walmart greeter. However, when the…
It was a night time firefight. In the jungle. Vietnam. The morning sunlight exposed the carnage from the night’s horror. The dead and blown up body parts lay scattered around the encampment. Ken…
Gold has been highly correlated with real interest rates in the past. In particular the relationship between the 5 Year TIPS yield and gold has been very tight. This chart shows the 5 Year TIPS yield…
This weekend President Bush will host an economic summit of the G-20 nations. This summit has been compared to the conference at Bretton Woods, NH that convened in 1944 to rebuild the global…
In less than one month, oil prices have fallen nearly 22%. That drop happened during a period when our leaders in Washington accomplished exactly nothing of importance that could account for the…
