Economists and their obtuse theories have been the overwhelming driver of reduced progress since 1971. Market-friendly economists (think Milton Friedman) are paradoxically the biggest offenders since they convinced President Nixon to trade dollar-price-stability for dollar chaos. But we’re getting ahead of ourselves… Continue reading on Forbes.
Slower Progress Since ’71? Floating Dollar Begs for Attention Read More »
Economists don’t know economic growth. See New York Times columnist and economist Rebecca Patterson. In “Watch Out, It’s the Jenga Economy,” Patterson expresses worry that “Without income from jobs, consumers pull back on spending.” Except that no non-PhD would ever think about consumption. That’s because consumption is a certain effect of what truly matters: production. Yet
Watch Out, It’s More Economic Analysis From An Economist Read More »
The rich prosper only insofar as the poor and middle see their earnings and living standards soar. This is important to remember as economists and pundits waste a lot of time promoting the impossibility that is a “K-Shaped” economy. The claim from the deep in thought is that the rising stock market is lining
There’s No Such Thing As a K-Shaped Economy Read More »
Don’t trust economists to manage the economy. Read the musings of Fed Governor Steven Miran if you’re skeptical. Except that we’re getting ahead of ourselves. Before contemplating Miran and his odd musings about economic growth and inflation, it’s useful to reference a recent opinion piece by George Will at the Washington Post. In “363 miles that transformed
Steven Miran Is Why We Can’t Trust Economists With the Economy Read More »
