The Discredited Phillips Curve Cannot Be Discredited Enough

Talking to the New York Times recently, AEI’s lead economist in Michael Strain observed that “good news” for the Fed would be a recession. Since the credentialed near unanimously believe that job loss and bankruptcy are the cures for inflation, it’s up to those short on credentials but mildly long on common sense to correct an impoverishing narrative – over and over again – that just won’t die.

The Superfluous Conceit of Mandatory Bank ‘Stress Tests’

In the technology sector, poorly-run businesses don’t last long. They fail quickly only for their assets to be acquired by better stewards. The paradoxical truth is that the technology sector gains strength from periods of weakness.   It’s something to think about with banking top of mind. Failure in banking has become a dirty …

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