The Boundless Foolishness Underlying ‘Soft Landing’ Mythology
It’s a waste of words to say the central planning that underlies Fed conceit always fails, not to mention that the surest path to lower prices is economic growth as is.
economics
If the Economy ‘Collapses,’ Biden Should Go To Bed, Trump Should Golf
If voters really want to avoid a future “financial crisis,” they would vote for Biden if he promises to go to bed after the next financial institution failure, and Trump if he promises to play golf.
Chinese Economists Disagree With Xi Jinping. But Xi Is Right.
The consensus among the allegedly wise is that China is “enduring its worst economic slowdown in years.” If the latter described the United States, economists and pundits would be calling for massive increases in government spending. How very backwards.
The Fed As the Inflation Fix? Sorry, But Markets Aren’t That Stupid
That markets are incredibly stupid is pretty much implied in all the Federal Reserve commentary from the various economic religions. Think about it.
Why Are Members of the Right So Fearful of Inequality?
Americans are mostly wrestling with “keeping up with the Joneses.” If he’s right then he, his fellow libertarian inequality apologists, along with Ahmari, Rubio Cass, should praise inequality to the skies.
Budget Deficits Don’t Power Economic Growth, They’re a Consequence of It
The implied point in the Post headline was that government spending makes most sense when the economy is weak, a supposition suggesting that central planning of resource allocation is most needed when an economy is on its back. You can’t make this up…
The Discredited Phillips Curve Cannot Be Discredited Enough
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 loss and bankruptcy are the cures for inflation, it’s up to those short on credentials but mildly long on common sense to correct an impoverishing narrative – over and over again – that just won’t die.
All Decisions Are ‘Business Decisions’: College Football Made a Bad One
In reality, all decisions are business decisions, which means all business decisions are “about the money.” The bigger question not being asked is if the business decision was a correct one in light of the fact that businesses make decisions all the time that are very bad.
“Cheap Labor” Is the Most Expensive Labor of All
The left-leaning imagine against all reason that businesses are out to exploit workers with low wages. The right-leaning disagree with the left rhetorically, all the while making the left’s case for them.
A Lesson From Hong Kong For Those Who Worry China Hides Bad News
According to Washington Post columnist Catherine Rampell, “The Chinese economy has hit a rough patch.” On their face, comments like these always rate a raised eyebrow: I can’t measure the economy of the street I live on, but Rampell feels comfortable commenting from New York City on the health of people in a vast country on the other side of the world. How does she know what she claims to know?