Warsh Must Explain That The Fed Simply Can’t Fight Inflation
The Fed couldn’t fight what economists incorrectly deem inflation even if it wanted to… Continue reading on Forbes.
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inflation
Since When Do Conservatives Agree w/Lawrence Summers?
What fractures globalized production naturally results in higher prices just as what integrates global production naturally results in lower prices… Continue reading on Forbes.
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Economists Whiffed Tariffs Precisely Because They Whiffed Inflation
They’re both wrong. Who is? Trump supporters who’ve long defended mindless tariffs, along with economists wisely against mindless tariffs, but who now claim they didn’t really mean what they said about President Trump’s tariffs at the time. Take a recent letter-to-the-editor at the Wall Street Journal by economists Scott Burns and Caleb Fuller, professors respectively at Southeastern Louisiana
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As Jimmy Carter Rises In Right’s Eye, Remember Why He Lost
A weak dollar wrecked Jimmy Carter’s presidency. This requires mention as the long ago Carter economic plan rises in the estimation of the right. Looking back, they appreciate that Carter didn’t stand athwart Rep. William Steiger’s insertion of a capital gains tax cut in his 1978 tax package. Carter also oversaw industrial deregulation, most
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Gold Is a Better Equity Market Tell Than It’s Being Credited For
To buy gold is to withdraw resources from the wealth and information creating private sector. That’s because consumption is in most instances a confirmation of knowns, of the exchange of resource access (money) for existing wealth… Continue reading on Forbes.
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Falling Inflation Predicts Rising Government Spending and Debt
Total federal debt was $620 billion in 1976. Why 1976? In a recent column, Holman Jenkins referenced Jimmy Carter’s contention in a 1976 debate that “The best way to control inflation is to cut down government waste…and to let the American free-enterprise system work freely and effectively.” Jenkins subsequently wrote that Carter had “given
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Federal Reserves ‘Interest On Reserves’ Doesn’t Limit Inflation
The difference between what economists believe and what’s true is Pacific Ocean vast. Think the popular view that the Federal Reserve, by paying banks to park reserves at the central bank, is containing inflation. Where to begin? First, inflation is one thing and one thing only: a shrinkage of the exchange medium circulating such
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When the U.S. Takes a Break From Reality, Millions Don’t Eat
“Recession” is a relative concept. For instance, when the U.S. economy contracts such that Americans merely tighten their belts, hundreds of millions around the world face starvation. If you doubt this, consider the global implications of the U.S. mindlessly going into lockdown mode in 2020. Not only was economic contraction as a virus mitigation
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Opposite Peter Orszag and His Opposites, Government Spending Doesn’t Cause Inflation
Do you prefer to lend to those who will pay you back? No need to answer. As repeated with great regularity in my upcoming book, The Deficit Delusion, money is ruthless. It must be since the genius of compounding is so substantial. The truth about money speaks to how backwards the dollar, inflation, and government
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Donald Trump Vs. Joe Biden: Who Was Better On Inflation?
Inflation is not rising prices. Deflation is not falling prices. The more production expands across a rising number of hands and machines, the lower the price. And vice versa. The Apple iPhone is an effect of production on six different continents. Boeing jets are an effect of millions of different parts around the world.
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