Economic Trends
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Can the Fed Continue to Fight Inflation without Risking a Financial Crisis?
“In principle, the Fed has the ability to provide liquidity to the banking system while simultaneously reducing the incentives banks have to make loans.” ~ Bryan Cutsinger
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Taylor Swift, Turn Your Wrath to Government!
“The entity that Taylor Swift and her legion of fans are turning to save themselves from a predatory monopoly that engages in shifty pricing is itself a predatory monopoly that engages in shifty pricing.” ~ Anthony Gill
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Labor Force Participation Over the Covid-19 Recession
“Now that the economy is recovering, demand for labor has outpaced the supply—too many workers are unwilling to work under post-pandemic conditions, though this will likely be alleviated as relief and unemployment benefits expire.” ~ Robert F. Mulligan
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What Happened to All Those Jobs?
“We have far fewer jobs than we expected to have and, at the current tepid recovery, a decade’s journey to return to the health we had just prior to Covid-19. This is, of course, bad enough. Sober reflection, though, should lead quickly to the conclusion that the ruling class in Washington will manage to do…
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Is the US Economy a Virtual Reality?
“It’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation. But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to…
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The Everything Bubble and What it Means for Your Money
“The Everything Bubble is a grand illusion, money is growing more plentiful, credit more available. Asset prices are not really rising; it is the value of money which is being systematically undermined. I wonder whether the motto for this pandemic will be carpe diem, quam minimum credula pecunia – seize the day, place no trust…
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The Entrenchment of Lockdown Denialism
“We cannot speak honestly about the astronomical costs of lockdowns until our mainstream media outlets at least begin to speak the word. They need to acknowledge the existence of the most devastating policy decision in many lifetimes, a use of government power we never imagined possible and one with catastrophic effects.” ~ Jeffrey Tucker
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Are the Conditions Right for Another Commodity Super-Cycle?
“With unemployment rates still elevated and much of the global economy in some form of lockdown, it is hard to imagine the conditions for an economic boom, especially one that will see wage increases, but the size and scale of the global monetary and fiscal response to the pandemic is unprecedented. It creates the conditions…
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Global Productivity Growth Post-Covid – Down But By No Means Out
“The current pandemic has yet to run its course, and the social and economic impact will take much longer to work its way through. Productivity growth, in the medium term, is liable to disappoint, but deferred creative disruption – a deferral which artificially low interest rates have allowed to persist since 2008, if not earlier…
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Americans Are Fleeing Lockdowns, When They Can Afford It
“The point is even clearer when you consider the states gaining and losing residents. Illinois, New York, and New Jersey – all with extreme stringencies – are losing residents faster than any other states. Northeastern states make up four out of the seven states, with California now fourth on the list. They are moving to…
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•
Can the Fed Continue to Fight Inflation without Risking a Financial Crisis?
“In principle, the Fed has the ability to provide liquidity to the banking system while simultaneously reducing the incentives banks have to make loans.” ~ Bryan Cutsinger
-
•
Taylor Swift, Turn Your Wrath to Government!
“The entity that Taylor Swift and her legion of fans are turning to save themselves from a predatory monopoly that engages in shifty pricing is itself a predatory monopoly that engages in shifty pricing.” ~ Anthony Gill
-
•
Labor Force Participation Over the Covid-19 Recession
“Now that the economy is recovering, demand for labor has outpaced the supply—too many workers are unwilling to work under post-pandemic conditions, though this will likely be alleviated as relief and unemployment benefits expire.” ~ Robert F. Mulligan
-
•
What Happened to All Those Jobs?
“We have far fewer jobs than we expected to have and, at the current tepid recovery, a decade’s journey to return to the health we had just prior to Covid-19. This is, of course, bad enough. Sober reflection, though, should lead quickly to the conclusion that the ruling class in Washington will manage to do…
-
•
Is the US Economy a Virtual Reality?
“It’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation. But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to…
-
•
The Everything Bubble and What it Means for Your Money
“The Everything Bubble is a grand illusion, money is growing more plentiful, credit more available. Asset prices are not really rising; it is the value of money which is being systematically undermined. I wonder whether the motto for this pandemic will be carpe diem, quam minimum credula pecunia – seize the day, place no trust…
-
•
The Entrenchment of Lockdown Denialism
“We cannot speak honestly about the astronomical costs of lockdowns until our mainstream media outlets at least begin to speak the word. They need to acknowledge the existence of the most devastating policy decision in many lifetimes, a use of government power we never imagined possible and one with catastrophic effects.” ~ Jeffrey Tucker
-
•
Are the Conditions Right for Another Commodity Super-Cycle?
“With unemployment rates still elevated and much of the global economy in some form of lockdown, it is hard to imagine the conditions for an economic boom, especially one that will see wage increases, but the size and scale of the global monetary and fiscal response to the pandemic is unprecedented. It creates the conditions…
-
•
Global Productivity Growth Post-Covid – Down But By No Means Out
“The current pandemic has yet to run its course, and the social and economic impact will take much longer to work its way through. Productivity growth, in the medium term, is liable to disappoint, but deferred creative disruption – a deferral which artificially low interest rates have allowed to persist since 2008, if not earlier…
-
•
Americans Are Fleeing Lockdowns, When They Can Afford It
“The point is even clearer when you consider the states gaining and losing residents. Illinois, New York, and New Jersey – all with extreme stringencies – are losing residents faster than any other states. Northeastern states make up four out of the seven states, with California now fourth on the list. They are moving to…