Monetary Policy
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Lumber Prices Return to Earth
“A new round of expansionary monetary policy, wildfires, or other developments could bring more upheaval to this ordinarily sedate market, but for now it appears that the lumber market delirium has been quelled.” ~ Peter C. Earle
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Appreciating F. A. Hayek’s Insights on Money and the Business Cycle
“Hayek’s monetary and business cycle writings from 90 years ago, and his many contributions to the general understanding of the dynamic market process and the limits to government omniscience, are and will be crucial to that task of fighting for the free and prosperous society.” ~ Richard M. Ebeling
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The Monetary Genius of Arthur Laffer
“How Arthur Laffer dealt with Milton Friedman on a monetary matter of utmost importance says so much about his genius as a thinker, but it also says it all about him as a person. He’s kind and generous in addition to being brilliant. Read The Emergence of Arthur Laffer to see why.” ~ John Tamny
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Inflating the Circulating Medium: Cause or Effect?
“The concern over the potential for increased future price levels (‘inflation’ as measured by CPI or PCE) is largely misplaced. It may not be the most serious or most likely outcome of the ongoing ‘unconventional’ policies that have been inflating the circulating medium.” ~ Christopher Lingle
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Argentina’s Creative Approaches to Debt Write Offs
“Whereas some private vulture funds found brutal means to achieve full repayment on their assets, international public institutions such as the IMF were repeatedly willing to take over the risk. This leniency may be due to the fact that the international taxpayers seem unaware of the burdens. It has to be seen which strategies will…
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The Fed Targets a Crafted Measure of Inflation: A Cautionary Tale
“Understanding government data for what they are and what they are not is vital to understanding the impossibility of targeting the cost of living, even though the Fed is targeting a crafted measure of price inflation.” ~ Gregory van Kipnis
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Monetary Inflation’s Game of Hide-and-Seek
“Whether the CPI records a higher or a lower rate of general price inflation, the more deleterious effects resulting from monetary inflation are those relative price and wage distortions, and resource, labor and capital misallocations and misdirection, that are hidden beneath the ‘surface’ of the general price level, but nonetheless set in motion the phases…
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The Lumber Market Delirium
“A sordid cocktail of Covid lockdowns and expansionary monetary policy have led to explosive conditions in long-docile lumber markets.” ~ Peter C. Earle
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Make No Mistake: Programmable Digital Currencies Are Weaponizable Money
“Money, in its most basic form, is an irreplaceable facilitator of economic calculation and a social instrument making cooperation possible on a global scale. Policies of the sort which programmable digital currencies bring into the realm of possibility potentially turn those on their head, introducing new possibilities for intentional––and systematic––coercion.” ~ Peter C. Earle
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Dangerous Monetary Manipulations and Fiscal Follies
“What is clear is that the types of monetary, fiscal and regulatory policies being implemented and projected by the Biden Administration, the Democrat-controlled Congress and the Federal Reserve are all leading America down a dangerous and destabilizing road, any recovery from which will not be easy or cheap.” ~ Richard M. Ebeling
-
•
Lumber Prices Return to Earth
“A new round of expansionary monetary policy, wildfires, or other developments could bring more upheaval to this ordinarily sedate market, but for now it appears that the lumber market delirium has been quelled.” ~ Peter C. Earle
-
•
Appreciating F. A. Hayek’s Insights on Money and the Business Cycle
“Hayek’s monetary and business cycle writings from 90 years ago, and his many contributions to the general understanding of the dynamic market process and the limits to government omniscience, are and will be crucial to that task of fighting for the free and prosperous society.” ~ Richard M. Ebeling
-
•
The Monetary Genius of Arthur Laffer
“How Arthur Laffer dealt with Milton Friedman on a monetary matter of utmost importance says so much about his genius as a thinker, but it also says it all about him as a person. He’s kind and generous in addition to being brilliant. Read The Emergence of Arthur Laffer to see why.” ~ John Tamny
-
•
Inflating the Circulating Medium: Cause or Effect?
“The concern over the potential for increased future price levels (‘inflation’ as measured by CPI or PCE) is largely misplaced. It may not be the most serious or most likely outcome of the ongoing ‘unconventional’ policies that have been inflating the circulating medium.” ~ Christopher Lingle
-
•
Argentina’s Creative Approaches to Debt Write Offs
“Whereas some private vulture funds found brutal means to achieve full repayment on their assets, international public institutions such as the IMF were repeatedly willing to take over the risk. This leniency may be due to the fact that the international taxpayers seem unaware of the burdens. It has to be seen which strategies will…
-
•
The Fed Targets a Crafted Measure of Inflation: A Cautionary Tale
“Understanding government data for what they are and what they are not is vital to understanding the impossibility of targeting the cost of living, even though the Fed is targeting a crafted measure of price inflation.” ~ Gregory van Kipnis
-
•
Monetary Inflation’s Game of Hide-and-Seek
“Whether the CPI records a higher or a lower rate of general price inflation, the more deleterious effects resulting from monetary inflation are those relative price and wage distortions, and resource, labor and capital misallocations and misdirection, that are hidden beneath the ‘surface’ of the general price level, but nonetheless set in motion the phases…
-
•
The Lumber Market Delirium
“A sordid cocktail of Covid lockdowns and expansionary monetary policy have led to explosive conditions in long-docile lumber markets.” ~ Peter C. Earle
-
•
Make No Mistake: Programmable Digital Currencies Are Weaponizable Money
“Money, in its most basic form, is an irreplaceable facilitator of economic calculation and a social instrument making cooperation possible on a global scale. Policies of the sort which programmable digital currencies bring into the realm of possibility potentially turn those on their head, introducing new possibilities for intentional––and systematic––coercion.” ~ Peter C. Earle
-
•
Dangerous Monetary Manipulations and Fiscal Follies
“What is clear is that the types of monetary, fiscal and regulatory policies being implemented and projected by the Biden Administration, the Democrat-controlled Congress and the Federal Reserve are all leading America down a dangerous and destabilizing road, any recovery from which will not be easy or cheap.” ~ Richard M. Ebeling