Financial Markets
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After Three Holiday Seasons, Pandemic Monetary Policy Still Driving up Prices
“The HDAY Index and TDAY Index lead to the same irrefutable conclusion: the ongoing cost of policies implemented to mitigate the spread of COVID are large and, almost three years later, proving disconcertingly persistent.” ~ Peter C. Earle
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Ocean Shipping’s Effect on Inflation was Negligible
“High shipping prices have had a provably inconsequential effect on the general price level over the past two years. Expansionary monetary policies remain the prime culprit for the high prices and other economic distortions that persist in the US economy.” ~ Peter C. Earle
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Crypto Bad!
“When people say crypto bad, we have first to ask: what specific aspect of the cryptocurrency industry are you talking about? Then the follow-up question must always be: compared to what?” ~ Max Borders
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Bank and Crypto Runs: F(ac)TX vs Fiction
“Despite the historical record, ever since Diamond and Dybvig published their article, many if not most economists have tended to view every financial firm collapse as a ‘Diamond Dybvig Moment.'” ~ George Selgin
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An Inflationary Thanksgiving, Revisited
“Americans face another costly holiday season owing to the heavy-handed and arguably unnecessary monetary and fiscal programs early in the COVID pandemic.” ~ Peter C. Earle
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Bob Chapek, Patient Zero in the Shareholder Backlash Against Wokentainment?
“The firing of Disney CEO Bob Chapek is the first major backlash against years of wasteful, stakeholder-driven management. Hopefully, this is the first of many more such battles between woke corporate managers and shareholders.” ~ Peter C. Earle
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The False Face of SBF, FTX, and ESG
“For FTX and ESG, beneath a surface of virtue signaling and noblesse oblige are decidedly less-idealistic machinations: fraud, rent-seeking, influence-buying, and greenwash.” ~ Peter C. Earle
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A New Concern: Falling US Treasury Demand
“The path forward is unclear, as the rise in yield rates necessary to induce greater demand could also mean higher costs in lending for both private and public actors.” ~ Zachary Shuter, Zhezheng Zhang, & Peter C. Earle
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A Tale of Two Documents: How the Bitcoin White Paper Outperformed Dodd-Frank
“As policymakers look to further regulate the crypto ecosystem itself, they should keep top of mind the capacity of private innovation to not only achieve broad policy goals but also to get there before regulations do.” ~ Jack Solowey
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Flatcoins: A More “Stable” Stablecoin?
“If successfully developed, flatcoins will join the ranks of other digital assets like Bitcoin, providing individuals and institutions with monetary solutions outside fiat currencies.” ~ Peter C. Earle & David Waugh
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•
After Three Holiday Seasons, Pandemic Monetary Policy Still Driving up Prices
“The HDAY Index and TDAY Index lead to the same irrefutable conclusion: the ongoing cost of policies implemented to mitigate the spread of COVID are large and, almost three years later, proving disconcertingly persistent.” ~ Peter C. Earle
-
•
Ocean Shipping’s Effect on Inflation was Negligible
“High shipping prices have had a provably inconsequential effect on the general price level over the past two years. Expansionary monetary policies remain the prime culprit for the high prices and other economic distortions that persist in the US economy.” ~ Peter C. Earle
-
•
Crypto Bad!
“When people say crypto bad, we have first to ask: what specific aspect of the cryptocurrency industry are you talking about? Then the follow-up question must always be: compared to what?” ~ Max Borders
-
•
Bank and Crypto Runs: F(ac)TX vs Fiction
“Despite the historical record, ever since Diamond and Dybvig published their article, many if not most economists have tended to view every financial firm collapse as a ‘Diamond Dybvig Moment.'” ~ George Selgin
-
•
An Inflationary Thanksgiving, Revisited
“Americans face another costly holiday season owing to the heavy-handed and arguably unnecessary monetary and fiscal programs early in the COVID pandemic.” ~ Peter C. Earle
-
•
Bob Chapek, Patient Zero in the Shareholder Backlash Against Wokentainment?
“The firing of Disney CEO Bob Chapek is the first major backlash against years of wasteful, stakeholder-driven management. Hopefully, this is the first of many more such battles between woke corporate managers and shareholders.” ~ Peter C. Earle
-
•
The False Face of SBF, FTX, and ESG
“For FTX and ESG, beneath a surface of virtue signaling and noblesse oblige are decidedly less-idealistic machinations: fraud, rent-seeking, influence-buying, and greenwash.” ~ Peter C. Earle
-
•
A New Concern: Falling US Treasury Demand
“The path forward is unclear, as the rise in yield rates necessary to induce greater demand could also mean higher costs in lending for both private and public actors.” ~ Zachary Shuter, Zhezheng Zhang, & Peter C. Earle
-
•
A Tale of Two Documents: How the Bitcoin White Paper Outperformed Dodd-Frank
“As policymakers look to further regulate the crypto ecosystem itself, they should keep top of mind the capacity of private innovation to not only achieve broad policy goals but also to get there before regulations do.” ~ Jack Solowey
-
•
Flatcoins: A More “Stable” Stablecoin?
“If successfully developed, flatcoins will join the ranks of other digital assets like Bitcoin, providing individuals and institutions with monetary solutions outside fiat currencies.” ~ Peter C. Earle & David Waugh