Monetary Economics
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The Ripples of Government Intervention
“When someone says ‘what could go wrong’ after proposing a policy intervention, the reply should be ‘a lot that we will only comprehend many years from now.’ The damaging ripples of government intervention may be very far in the future – it does not mean they do not exist.” ~ Vincent Geloso
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What Can Healthcare Prices Teach About Inflationary Woes?
“Unfortunately, addressing inflation may be more of an incentive problem than a ‘what policy should we adopt’ problem. Examining the US’s healthcare industry through the lens of public choice economics provides evidence.” ~ Raymond J. March
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Student-Loan Forgiveness Will Cover Non-Education Purchases, Say, Newer Cars
“The fungibility of student loans means that taxpayers will be saddled with paying for parents’ and students’ non-college purchases. Many professors will, understandably, root for student-loan forgiveness.” ~ Richard McKenzie
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No, Putin Didn’t Cause Inflation
“Allowing politicians to blame Putin, corporations, shipping firms, billionaires, insufficient taxation, ‘greed,’ or other tired scapegoats is erroneous and misleading.” ~ Peter C. Earle
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A Time for Reckoning
“We’ve reached the end of the road, and found that the people who must ultimately pay for unlimited government is us. Whether through taxes or inflation, pay we will.” ~ Antony Davies
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Joe Biden’s Gasoline Saga
“The belief that exorbitant prices are good because it means people will change their entire way of life is one of the responses in the Biden administration’s rotation of pat responses to high gas prices, along with such things as blaming Putin and corporate greed.” ~ Jon Sanders
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Paul Krugman and the “Ersatz” Theory of Private Currencies
“Private paper currencies, including notes issued by ordinary commercial banks without the benefit of official guarantees, have never been driven to extinction by the mere presence of official alternatives.” ~ George Selgin
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In Bernanke We Trust?
“When central banking’s role is understood in neo-Keynesian terms—i.e., from a macroeconomic standpoint that emphasizes top-down demand-side management of the economy—it’s easy to understand why central bankers might gradually succumb to a Masters-of-the-Universe mindset.” ~ Samuel Gregg
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The US-China Currency Rivalry: Choosing Sides
“Whether China’s currency will shave off a sizable portion of the dollar’s global usage is yet to be seen. Still, there is no doubt that the world is entering a new monetary rebalancing.” ~ Ethan Yang & Dorothy Chan
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CBDCs and the Fed (Video)
“This two-part video series, featuring Kate Wand and Thomas Hogan, explores the possibilities and dangers of the United States implementing its own central bank digital currency.” ~ AIER
-
•
The Ripples of Government Intervention
“When someone says ‘what could go wrong’ after proposing a policy intervention, the reply should be ‘a lot that we will only comprehend many years from now.’ The damaging ripples of government intervention may be very far in the future – it does not mean they do not exist.” ~ Vincent Geloso
-
•
What Can Healthcare Prices Teach About Inflationary Woes?
“Unfortunately, addressing inflation may be more of an incentive problem than a ‘what policy should we adopt’ problem. Examining the US’s healthcare industry through the lens of public choice economics provides evidence.” ~ Raymond J. March
-
•
Student-Loan Forgiveness Will Cover Non-Education Purchases, Say, Newer Cars
“The fungibility of student loans means that taxpayers will be saddled with paying for parents’ and students’ non-college purchases. Many professors will, understandably, root for student-loan forgiveness.” ~ Richard McKenzie
-
•
No, Putin Didn’t Cause Inflation
“Allowing politicians to blame Putin, corporations, shipping firms, billionaires, insufficient taxation, ‘greed,’ or other tired scapegoats is erroneous and misleading.” ~ Peter C. Earle
-
•
A Time for Reckoning
“We’ve reached the end of the road, and found that the people who must ultimately pay for unlimited government is us. Whether through taxes or inflation, pay we will.” ~ Antony Davies
-
•
Joe Biden’s Gasoline Saga
“The belief that exorbitant prices are good because it means people will change their entire way of life is one of the responses in the Biden administration’s rotation of pat responses to high gas prices, along with such things as blaming Putin and corporate greed.” ~ Jon Sanders
-
•
Paul Krugman and the “Ersatz” Theory of Private Currencies
“Private paper currencies, including notes issued by ordinary commercial banks without the benefit of official guarantees, have never been driven to extinction by the mere presence of official alternatives.” ~ George Selgin
-
•
In Bernanke We Trust?
“When central banking’s role is understood in neo-Keynesian terms—i.e., from a macroeconomic standpoint that emphasizes top-down demand-side management of the economy—it’s easy to understand why central bankers might gradually succumb to a Masters-of-the-Universe mindset.” ~ Samuel Gregg
-
•
The US-China Currency Rivalry: Choosing Sides
“Whether China’s currency will shave off a sizable portion of the dollar’s global usage is yet to be seen. Still, there is no doubt that the world is entering a new monetary rebalancing.” ~ Ethan Yang & Dorothy Chan
-
•
CBDCs and the Fed (Video)
“This two-part video series, featuring Kate Wand and Thomas Hogan, explores the possibilities and dangers of the United States implementing its own central bank digital currency.” ~ AIER