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 »
“Money supply” is a conceit on par with Five Year Plans, the only difference that Five Year Plans thankfully died in the 20th century.
Contra Friedman’s Disciples, ‘Tight Money’ Doesn’t Slay Inflation Read More »
The commentary about Henry Kissinger included some of the warts, but gave him major credit for opening up China. That’s hard to take seriously.
Henry Kissinger Hagiography Mistakes Real Foreign Policy Genius Read More »
Nikki Haley bills herself as “a firm believer in economic freedom,” but to watch her speak or read her opinion pieces is to read all the ways she intends to limit economic freedom.
Nikki Haley Insults the GOP Base By Refusing To Insult It Read More »
It only took Javier Milei two days in office to err in monumental fashion. If we ignore just how damaging currency devaluations are (the write-up doesn’t) to individuals, we can’t ignore that they’re a mindless non sequitur as is on the matter of country debt.
Javier Milei Must Sideline Economists, Embrace Henry Hazlitt Read More »
In Rampell’s words, policymakers responding to a contraction of their own making “swung into action with a swiftness and single-mindedness they hadn’t exhibited in prior downturns.” Keynesianism just won’t die.
Proponents of Virus ‘Stimulus’ Spending Revive Helicopter Imagery Read More »
“Our company is thirty days from going out of business.” That’s the motto inside Nvidia, a company presently worth around $1.148 trillion.
Will the Pundit Class Please Alert Business To Where All the ‘Free Money’ Is? Read More »
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 gouging would logically result in lower prices elsewhere given the tradeoffs that define what we call economics.
Biden Misses On Inflation, But So Do His Critics Read More »
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.
If You Fight Inflation With Fed Rate Hikes, You Don’t Fight Inflation Read More »
It seems DeSantis went into the debate armed with emotional economic arguments, and they lost him a debate he could have easily won
You Didn’t Have to Watch To Know Gavin Newsom Beat Ron DeSantis Read More »
