How did inflation become so associated with central banks? Inflation is as old as government-currency issuance is, so to make inflation a central bank story is a bit of a non sequitur. Governments devalue, period.
There’s No Such Thing As ‘Easy Money,’ There’s Just Production Read More »
The worst arguments against the lockdowns inspired by the coronavirus were medical and statistical. To see why, it’s worth remembering that as humans we’ve evolved to protect ourselves from death and disease. The taking of freedom to protect us is always and everywhere excess.
‘Wait and See’ Doesn’t Excuse Sitting Out the 2020 Lockdowns Read More »
University of Exeter professor Marc-William Palen’s Pax Economica: Left-Wing Visions of a Free Trade World, is out. What a great book. While left wingers in the 19th century didn’t invent the natural act of trade, they had a tendency to embrace it as a way of avoiding war and imperialist tendencies.
Book Review: Marc-William Palen’s Crucial ‘Pax Economica’ Read More »
As always, the internet is forever. Consider that with the quote that leads today’s write-up by oh-so eminent and intelligent economist Lawrence Summers. In 2022, he was more than adamant that years of high unemployment were required to lick what he imagined inflation to be.
Lawrence Summers’s ‘Inflation’ Miss Was the Norm Among Economists 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 »
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 »
Abolish federal student loans ASAP. Government should not be inserting itself into education. Just don’t expect tuition to decline.
Student Loans Aren’t the Cause of Rising Tuition Read More »
No doubt prices for many goods are higher post-Covid lockdowns, but Cochrane has mistaken the culprit.
John Cochrane Should Give Producers a Hand, Not the Federal Reserve Read More »
Policy types can’t stand anarchy, and that’s a problem for progress. How about we – for once – just give anarchy a chance?
Congress Can’t Regulate What It Doesn’t Understand Read More »
Deficit hawks continue to make the debt the story, which means they’re distracted and they’re distracting their flock. $33 trillion in debt isn’t the problem as evidenced by how much investors line up to buy it.
Congress Won’t Address the Debt, Markets Yawn. Listen to Markets Read More »
