Monetary Economics
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Statisticians Against Humanity
“Statistics deals with human beings in highly abstract terms. The human being is analyzed—etymologically, ‘cut up’—into various measurable parameters.” ~ Richard Gunderman
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Forgotten Factors in the Student Debt Debate
“So, before all Americans become the bearers of ivory tower bills, greater consideration should be given to the various spillover costs involved. As in the words of Thomas Sowell, ‘There are no solutions, there are only trade-offs.’” ~ Kimberlee Josephson
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COVID-19 and the Labor Market
“The last several recessions, even going back farther than 2000, have done lasting damage to the US economy, especially labor markets, and so far it appears the COVID-19 recession has been no exception.” ~ Robert F. Mulligan
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First World Problems
“Fickle complaints, unrealistic expectations, and perpetual irritation over trivial aspects of goods or services are a just reward for permitting entrepreneurial risk-taking, economic calculation, and markets to operate freely.” ~ Peter C. Earle
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Preparing for Payment System Fragility
“Inflation creates many problems, including an increased risk of payment system glitches, like the shuttering of banking and credit card networks, leaving individuals economically stranded.” ~ Robert E. Wright
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Let’s Cancel Student Loans – Not Forgive Them, But Cancel the Program
“Higher education in the US is bloated and dysfunctional because federal meddling turned it into a mass entitlement. Turn off the federal spigot and it will rapidly improve.” ~ George Leef
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Reducing Unemployment Is Not a Free Lunch
“Every attempt by government to ‘stimulate the economy’ intensifies employers’ and workers’ expectations that slowing sales and losses of jobs will be cured by government-engineered increases in aggregate demand.” ~ Donald J. Boudreaux
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Income Distribution and Inequality
“Invariably, however, the proposed solution to any form of income inequality has been an indiscriminate and highly punitive progressive tax on all income and wealth, regardless of how it was earned.” ~ Robert F. Mulligan
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A Drinking Man’s Guide to Monetary Policy
“Just like drinking, expansionary monetary policy can provide a temporary (or transitory) high at first (faster real output growth and reduced unemployment). However, the ill effects come later (in an inflation “hangover”).” ~ Gary M. Galles
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Rent Selling Countries are More Corrupt and Less Wealthy
“The real cronies are those who demand and supply interventionism. Despite their claims, they can’t get money out of politics, or reduce corruption, because they’re so eager to inject politics into money-making.” ~ Richard M. Salsman
-
•
Statisticians Against Humanity
“Statistics deals with human beings in highly abstract terms. The human being is analyzed—etymologically, ‘cut up’—into various measurable parameters.” ~ Richard Gunderman
-
•
Forgotten Factors in the Student Debt Debate
“So, before all Americans become the bearers of ivory tower bills, greater consideration should be given to the various spillover costs involved. As in the words of Thomas Sowell, ‘There are no solutions, there are only trade-offs.’” ~ Kimberlee Josephson
-
•
COVID-19 and the Labor Market
“The last several recessions, even going back farther than 2000, have done lasting damage to the US economy, especially labor markets, and so far it appears the COVID-19 recession has been no exception.” ~ Robert F. Mulligan
-
•
First World Problems
“Fickle complaints, unrealistic expectations, and perpetual irritation over trivial aspects of goods or services are a just reward for permitting entrepreneurial risk-taking, economic calculation, and markets to operate freely.” ~ Peter C. Earle
-
•
Preparing for Payment System Fragility
“Inflation creates many problems, including an increased risk of payment system glitches, like the shuttering of banking and credit card networks, leaving individuals economically stranded.” ~ Robert E. Wright
-
•
Let’s Cancel Student Loans – Not Forgive Them, But Cancel the Program
“Higher education in the US is bloated and dysfunctional because federal meddling turned it into a mass entitlement. Turn off the federal spigot and it will rapidly improve.” ~ George Leef
-
•
Reducing Unemployment Is Not a Free Lunch
“Every attempt by government to ‘stimulate the economy’ intensifies employers’ and workers’ expectations that slowing sales and losses of jobs will be cured by government-engineered increases in aggregate demand.” ~ Donald J. Boudreaux
-
•
Income Distribution and Inequality
“Invariably, however, the proposed solution to any form of income inequality has been an indiscriminate and highly punitive progressive tax on all income and wealth, regardless of how it was earned.” ~ Robert F. Mulligan
-
•
A Drinking Man’s Guide to Monetary Policy
“Just like drinking, expansionary monetary policy can provide a temporary (or transitory) high at first (faster real output growth and reduced unemployment). However, the ill effects come later (in an inflation “hangover”).” ~ Gary M. Galles
-
•
Rent Selling Countries are More Corrupt and Less Wealthy
“The real cronies are those who demand and supply interventionism. Despite their claims, they can’t get money out of politics, or reduce corruption, because they’re so eager to inject politics into money-making.” ~ Richard M. Salsman