Monetary Economics
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Spain – Like Most European Countries – Is Choked by Labor Market Regulations
“In the dual labor market system many workers take on temporary contracts that are consistently prone to economic shocks and downturns. Freeing up the labor market would reduce the gap between temporary and permanent work.” ~ Michael N. Peterson
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Trudeau’s Tactics Are Coming to America: Learn Crypto Custody
“Whether you are a donor or a recipient, make sure to learn how to be a custodian of your cryptocurrency. Learning about crypto will help keep the lights blinking in America. After all, the Biden Administration has already made threats.” ~ Max Borders
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Deescalate Conflict in Ukraine
“Only the stupidest of blunders could bring the Americans fully on to team Ukraine, and Ukrainians suffering from the aftermath of Euromaidan understand the fruits of political positioning without the capabilities to back it up.” ~ Todd Myers
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Making Money Myths
“NQA banknote systems have existed in the past. It follows that private NQA paper currency is perfectly possible. It might still be true, of course, that private NQA digital currency isn’t possible. But if I were you, I wouldn’t take Gary Gorton’s word for it.” ~ George Selgin
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Scapegoating Inflation Will Only Make It Worse
“For the sake of the economy and your grocery bills, let’s hope the administration’s threats of antitrust and price controls are not serious. If the administration really wants to tackle inflation, it needs the Fed to rein in its reckless monetary policy. ~ Kat Dwyer
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Gut and Amend Goes to Washington
“This is the opposite of what would define ‘public servants’ in any other role than in a farce. It seems like the Democratic leadership at both levels has given up on even pretending otherwise.” ~ Gary M. Galles
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FSLICing America’s Public Health Bureaucracies
“When Americans have to trust agency X, be it a deposit insurer or a public health authority, and X screws up so badly that it can no longer be trusted, X may, and should, be eliminated.” ~ Robert E. Wright
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Understanding GDP
“GDP is a crude measure of economic performance, but it captures a tremendous amount of information in a single number. It provides a one-dimensional measure of the output of a complex and multidimensional modern exchange economy.” ~ Robert F. Mulligan
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Capital v Labor: The Great Decoupling
“The most seasoned enemies of capitalism are going to have to search for another narrative since the narrative of the Great Decoupling and the growing power of capital over labor lacks empirical and theoretical support.” ~ Daniel Fernández
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Missed it by That Much: Where the Fed’s Digital Currency Proposal Goes Wrong
“Whereas the sCBDC plan allows for numerous, entirely distinct retail digital currencies, the Fed’s iCBDC plan provides for a single digital currency only, albeit one offered at and administered by numerous private-sector firms.” ~ George Selgin
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•
Spain – Like Most European Countries – Is Choked by Labor Market Regulations
“In the dual labor market system many workers take on temporary contracts that are consistently prone to economic shocks and downturns. Freeing up the labor market would reduce the gap between temporary and permanent work.” ~ Michael N. Peterson
-
•
Trudeau’s Tactics Are Coming to America: Learn Crypto Custody
“Whether you are a donor or a recipient, make sure to learn how to be a custodian of your cryptocurrency. Learning about crypto will help keep the lights blinking in America. After all, the Biden Administration has already made threats.” ~ Max Borders
-
•
Deescalate Conflict in Ukraine
“Only the stupidest of blunders could bring the Americans fully on to team Ukraine, and Ukrainians suffering from the aftermath of Euromaidan understand the fruits of political positioning without the capabilities to back it up.” ~ Todd Myers
-
•
Making Money Myths
“NQA banknote systems have existed in the past. It follows that private NQA paper currency is perfectly possible. It might still be true, of course, that private NQA digital currency isn’t possible. But if I were you, I wouldn’t take Gary Gorton’s word for it.” ~ George Selgin
-
•
Scapegoating Inflation Will Only Make It Worse
“For the sake of the economy and your grocery bills, let’s hope the administration’s threats of antitrust and price controls are not serious. If the administration really wants to tackle inflation, it needs the Fed to rein in its reckless monetary policy. ~ Kat Dwyer
-
•
Gut and Amend Goes to Washington
“This is the opposite of what would define ‘public servants’ in any other role than in a farce. It seems like the Democratic leadership at both levels has given up on even pretending otherwise.” ~ Gary M. Galles
-
•
FSLICing America’s Public Health Bureaucracies
“When Americans have to trust agency X, be it a deposit insurer or a public health authority, and X screws up so badly that it can no longer be trusted, X may, and should, be eliminated.” ~ Robert E. Wright
-
•
Understanding GDP
“GDP is a crude measure of economic performance, but it captures a tremendous amount of information in a single number. It provides a one-dimensional measure of the output of a complex and multidimensional modern exchange economy.” ~ Robert F. Mulligan
-
•
Capital v Labor: The Great Decoupling
“The most seasoned enemies of capitalism are going to have to search for another narrative since the narrative of the Great Decoupling and the growing power of capital over labor lacks empirical and theoretical support.” ~ Daniel Fernández
-
•
Missed it by That Much: Where the Fed’s Digital Currency Proposal Goes Wrong
“Whereas the sCBDC plan allows for numerous, entirely distinct retail digital currencies, the Fed’s iCBDC plan provides for a single digital currency only, albeit one offered at and administered by numerous private-sector firms.” ~ George Selgin