Monetary Economics
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Zero-Covid Policy Threatens Hong Kong’s Status as an International Financial Hub
“Hong Kong is still the main gateway into China. However, its liberty purge spoiled business confidence, and the long-term effects of ongoing geopolitical tensions are yet to be seen.” ~ Dorothy Chan
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Where Does Saifedean Think Money Comes From?
“There’s plenty wrong with central banking, no doubt, but showering broken institutions with infinite credit lines and opportunity-cost free funding isn’t one of them.” ~ Joakim Book
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Why President Biden’s Climate Goals Are Fictional
“President Biden’s climate goals have something in common with many science fiction movies. The future that seems so far away is in reality too temporally close to make the story plausible.” ~ James E. Hanley
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Taxes and State Competitiveness
“Politicians in New York must be upset that there’s no way for them to drop lower than #50. But at least they can take comfort in the fact that they are worse than California.” ~ Daniel J. Mitchell
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How the Fed Painted Us into a Corner
“Over the months and years to come, it will be very interesting to see how faithfully the Fed pursues its policy of returning interest rates to normal and sustainable levels—approximately 3-4 percent for the federal funds rate.” ~ Robert F. Mulligan
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Americans Need a COLA, not a Coke
“With inflation now high and trending higher, with no end in sight, American workers, and their employers, need to bring COLAs back, arguably out of fairness to workers but really out of efficiency.” ~ Robert E. Wright
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What Should Be Done to Fight Inflation? A U.S. Lawmaker Interviews Two Michigan Economists
“The conversation centered around recent comments by US Federal Reserve Bank Chairman Jerome Powell, and how the Federal Reserve intends to bring our 40-year high inflation rate down to levels prior to 2021.” ~ Dr. Timothy G. Nash
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A Tale of Two Squeezes
“Securities and derivative exchanges are woefully far from free markets, worst of all when unrestrained pricing is needed most. And once again, the increasingly distant tendrils of pandemic policies are disrupting the present order, two years on.” ~ Peter C. Earle
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New Research Rejects Piketty and Saez’s Rewrite of Economic History
“This development is significant because prominent policymakers rely on Piketty and Saez’s research to justify tax increases. These revisions must be taken into account by policymakers seeking to reduce inequality via tax policy.” ~ Amelia Janaskie & David Waugh
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Thinking Straight about Bitcoin’s Social Costs and Benefits
“To view Bitcoin transactions as problematic, as a cost rather than a benefit, would be to view things like a state advocate rather than like a consumer advocate.” ~ Lawrence H. White
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•
Zero-Covid Policy Threatens Hong Kong’s Status as an International Financial Hub
“Hong Kong is still the main gateway into China. However, its liberty purge spoiled business confidence, and the long-term effects of ongoing geopolitical tensions are yet to be seen.” ~ Dorothy Chan
-
•
Where Does Saifedean Think Money Comes From?
“There’s plenty wrong with central banking, no doubt, but showering broken institutions with infinite credit lines and opportunity-cost free funding isn’t one of them.” ~ Joakim Book
-
•
Why President Biden’s Climate Goals Are Fictional
“President Biden’s climate goals have something in common with many science fiction movies. The future that seems so far away is in reality too temporally close to make the story plausible.” ~ James E. Hanley
-
•
Taxes and State Competitiveness
“Politicians in New York must be upset that there’s no way for them to drop lower than #50. But at least they can take comfort in the fact that they are worse than California.” ~ Daniel J. Mitchell
-
•
How the Fed Painted Us into a Corner
“Over the months and years to come, it will be very interesting to see how faithfully the Fed pursues its policy of returning interest rates to normal and sustainable levels—approximately 3-4 percent for the federal funds rate.” ~ Robert F. Mulligan
-
•
Americans Need a COLA, not a Coke
“With inflation now high and trending higher, with no end in sight, American workers, and their employers, need to bring COLAs back, arguably out of fairness to workers but really out of efficiency.” ~ Robert E. Wright
-
•
What Should Be Done to Fight Inflation? A U.S. Lawmaker Interviews Two Michigan Economists
“The conversation centered around recent comments by US Federal Reserve Bank Chairman Jerome Powell, and how the Federal Reserve intends to bring our 40-year high inflation rate down to levels prior to 2021.” ~ Dr. Timothy G. Nash
-
•
A Tale of Two Squeezes
“Securities and derivative exchanges are woefully far from free markets, worst of all when unrestrained pricing is needed most. And once again, the increasingly distant tendrils of pandemic policies are disrupting the present order, two years on.” ~ Peter C. Earle
-
•
New Research Rejects Piketty and Saez’s Rewrite of Economic History
“This development is significant because prominent policymakers rely on Piketty and Saez’s research to justify tax increases. These revisions must be taken into account by policymakers seeking to reduce inequality via tax policy.” ~ Amelia Janaskie & David Waugh
-
•
Thinking Straight about Bitcoin’s Social Costs and Benefits
“To view Bitcoin transactions as problematic, as a cost rather than a benefit, would be to view things like a state advocate rather than like a consumer advocate.” ~ Lawrence H. White