This will be the last pretentious Dostoevsky reference for a while, I promise. But since economists and their enablers still think of inflation as rising prices (there’s in reality a big difference between the two), it’s worth considering Svidrigailov in Crime and Punishment.
“Inflation” Is a Full Employment Act For Economists Read More »
Circulation of good, trusted money is limitless yet there are strict limits to Bitcoin. That’s why it can never be money.
Bitcoin Is Neither Money Nor Is It An Inflation Hedge Read More »
If Jeff Bezos had been born in 1864 instead of 1964, no doubt he would have made his mark, but his genius would have touched exponentially fewer people.
In An Age of Soaring Inequality, Life Will Get Better and Better Read More »
While it’s accepted wisdom among economists that Arthur Burns authored the 1970s inflationary breakout, he did no such thing.
Arthur Burns Sadly Isn’t Around To Defend Himself Against Arthur Burns 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 »
Love or hate immigration, it’s probably no reach to assume that most would agree those at the border are coming from much, much worse. Americans are incredibly lucky, and to much of the rest of the world Americans are the winners.
If You’re Born American, You’re the Envy of the World Read More »
Former Fed official Claudia Sahm believes a tight Fed “could still ruin” what she imagines could be a soft landing.
Claudia Sahm Yearns For a ‘Soft Landing’ That the Fed Can’t Engineer Read More »
Oil is the most important commodity in the world, by far, and without it life as we know it would be defined by grinding poverty for the vast majority of the world in concert with primitive living standards for all of the world.
There’s Record U.S. Oil Extraction, That’s Why Oil Is So Expensive Read More »
Increasingly work is joy, and a reflection of unique intelligence. People are saving less because they don’t in any way regard 65 as the endpoint of work.
Retirement Savings Will Become the ‘4th Rail,’ Only for Taxes to Plummet Read More »
We 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 them.
The Federal Reserve Can’t ‘Boost’ President Biden, or Any President Read More »
