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 of high unemployment were required to lick what he imagined inflation to be.
Lawrence Summers’s ‘Inflation’ Miss Was the Norm Among Economists Read More »
At the Wall Street Journal, Fed-watcher Timiraos writes that with government measures of inflation having “fallen much faster than expected,” nominal interest rates “adjusted for inflation” have “risen and might be restricting economic activity too much.” He worries that the nothing of notion of “rising real rates” signals great peril for the U.S. economy, and the Fed that allegedly plans it. The good news is that rates aren’t uniform because people aren’t.
Can the Fed Increase the Rate of Interest Charged to Taylor Swift? Read More »
That James Dolan is the money behind Las Vegas Sphere is a pretty loud reminder that few initially thought the idea worthy. To attend a concert there is to see what a miracle Dolan backed. Love or hate Las Vegas, no one would say it lacks entertainment options. Yet the Sphere experience manages to pull 20,000+ each concert night away from all the other options. With good reason.
U2, Pauli ‘The PSM’ Lovejoy, and the Marvel That Is Las Vegas Sphere Read More »
Napoleon “did not realize until it was too late that the only closed political economy is the world economy. Britain could not be starved into submission by blockade unless she were totally cut off from the world. As long as Britain could trade with any nation outside France, it was thus trading indirectly with France.”—Jude
Yo U.S. Protectionists, How Goes the ‘Ban’ On Chip Sales In China? Read More »
To a high degree, Arizona has been made great by people who appreciated the state’s less government is better government approach to governing.
Arizona Pols Play Politics With Its Pro Business Reputation Read More »
Former Indiana governor Mitch Daniels is the latest, but surely not the last to predict crisis of the economic kind. You could fill more Rose Bowls than you have fingers with all the pundits who’ve predicted doom as he’s done, which is yet again the point.
Mitch Daniels Needn’t Worry, Markets Will Worry for Him Read More »
No doubt prices for many goods are higher post-Covid lockdowns, but Cochrane has mistaken the culprit.
John Cochrane Should Give Producers a Hand, Not the Federal Reserve Read More »
The kids are alright. And for the adults who still disagree, never forget that the same was said about your generation
The ‘Monoculture’ U.S. University Campus Fallacy Read More »
That corporations continue to court college students so assiduously is a market signal that neither the campuses nor their students are as lost as alarmists want to believe.
Market Signals Reject Fear of Rampant Socialism on Campus Read More »
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 production that drives it. There is in fact a free market for money, and it’s exacting.
Monetarism Is Suffocated By Its Endless Contradiction Read More »
