Read
Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
110 essays · Newest first
Clear filtersWe didn’t even have to get to 2024 for economists to start speculating on what the Fed might do to boost or harm the re-election chances of the incumbent president through rate cuts, or a lack of…
No doubt prices for many goods are higher post-Covid lockdowns, but Cochrane has mistaken the culprit.
The Fed is full of PhDs bereft of the simple knowledge required to gauge economic health. It’s held down by a near total lack of originality.
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 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…
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…
If the goal is to end inflation, there’s a simple answer. It has nothing to do with the Fed. And never has.
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…
Dumb as government economic statistics are, the recommended responses to them are exponentially dumber.
That markets are incredibly stupid is pretty much implied in all the Federal Reserve commentary from the various economic religions. Think about it.
In the early 1920s, radios were the pricey, must-have gadgets of the day. And as all transformative market goods are, they started out expensive only for RCA (the Apple of its time) to render common…
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” Charles Mackay, 1841, Scottish author of …
March Madness is upon us. I like tens of millions of people do a bracket every year. I have never gotten a perfect bracket, not even close. In fact, the NCAA states that the odds of getting a …
