Monetary Economics
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Inflation in Oil Prices Will Soon Slow to Zero
“One thing we can confidently project about 2022 is that year-to-year measures of ‘inflation’ in prices of used cars and energy will be near zero by the third quarter, if not below zero. That is nearly a sure thing, baked-in-the cake.” ~ Alan Reynolds
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Benefits of a Balanced Public Health Strategy
“Disease mitigation policy that fails to incorporate diverse demographic, geographic, cultural, and even historical subtleties that characterize localities will see the same long tail of unintended consequences and policy failure.” ~ Peter C. Earle & Ryan M. Yonk
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The Global Recession of Classical Liberalism
“There may be diminishing returns on the economic growth that classical liberalism has promoted. It is this relative comfort that allows citizens to focus on prioritizing collective projects or wallowing in their identity.” ~ John O. McGinnis
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Three Principles for Monetary Institutions: Review of Money and the Rule of Law
“Money and the Rule of Law questions a lot of things we usually take for granted in the discussion of monetary policy, and makes the case for generality, predictability, and robustness created by strict monetary rules.” ~ Art Carden
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The Green Economy, Interethnic Conflict, Corporate Mining, and West Papua
“It is strange how President Biden and other world leaders’ desires to save the planet from global warming can be the impetus for local environmental crises that are more immediate in their consequences than the global warming on the horizon.” ~ Todd Myers
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Elon Musk’s Big Giant Enormous Tax Bill
“Democratic proposals generally involve making the tax code even more complicated, with the Alternative Minimum Tax applying to increasing numbers of taxpayers, and increasing the demand for tax-planning.” ~ Clifford F. Thies
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Yes, Senator, “Enough is Enough” – But Not How You Think
“Senator Warren would probably be surprised (perhaps even horrified) to find that one of the great exponents of Public Choice Theory agrees with her that federal student aid programs are regressive.” ~ George Leef
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The Impact of Higher Inflation on US Asset Class Returns
“If the Fed is to be a mere BoJ copycat, does that mean that it can keep US equities artificially elevated by a perpetually low policy rate? No more than the BoJ has been able to do for Japanese equities.” ~ Richard M. Salsman
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The Fed’s Higher Fed Funds Rate Projections Mean What?
“It is rarely prudent to assume that a central bank’s central planners can predict the future better than you can, or that they really know what they are doing and why.” ~ Alan Reynolds
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•
Paul Volcker, the Fed, and ‘Tight Credit.’ The Myth That Won’t Die.
“It’s no surprise that economic types want to believe all good things run through central planners, but readers of political and economic commentary would be wise to be skeptical. The Fed’s power is well overstated.” ~ John Tamny
-
•
Inflation in Oil Prices Will Soon Slow to Zero
“One thing we can confidently project about 2022 is that year-to-year measures of ‘inflation’ in prices of used cars and energy will be near zero by the third quarter, if not below zero. That is nearly a sure thing, baked-in-the cake.” ~ Alan Reynolds
-
•
Benefits of a Balanced Public Health Strategy
“Disease mitigation policy that fails to incorporate diverse demographic, geographic, cultural, and even historical subtleties that characterize localities will see the same long tail of unintended consequences and policy failure.” ~ Peter C. Earle & Ryan M. Yonk
-
•
The Global Recession of Classical Liberalism
“There may be diminishing returns on the economic growth that classical liberalism has promoted. It is this relative comfort that allows citizens to focus on prioritizing collective projects or wallowing in their identity.” ~ John O. McGinnis
-
•
Three Principles for Monetary Institutions: Review of Money and the Rule of Law
“Money and the Rule of Law questions a lot of things we usually take for granted in the discussion of monetary policy, and makes the case for generality, predictability, and robustness created by strict monetary rules.” ~ Art Carden
-
•
The Green Economy, Interethnic Conflict, Corporate Mining, and West Papua
“It is strange how President Biden and other world leaders’ desires to save the planet from global warming can be the impetus for local environmental crises that are more immediate in their consequences than the global warming on the horizon.” ~ Todd Myers
-
•
Elon Musk’s Big Giant Enormous Tax Bill
“Democratic proposals generally involve making the tax code even more complicated, with the Alternative Minimum Tax applying to increasing numbers of taxpayers, and increasing the demand for tax-planning.” ~ Clifford F. Thies
-
•
Yes, Senator, “Enough is Enough” – But Not How You Think
“Senator Warren would probably be surprised (perhaps even horrified) to find that one of the great exponents of Public Choice Theory agrees with her that federal student aid programs are regressive.” ~ George Leef
-
•
The Impact of Higher Inflation on US Asset Class Returns
“If the Fed is to be a mere BoJ copycat, does that mean that it can keep US equities artificially elevated by a perpetually low policy rate? No more than the BoJ has been able to do for Japanese equities.” ~ Richard M. Salsman
-
•
The Fed’s Higher Fed Funds Rate Projections Mean What?
“It is rarely prudent to assume that a central bank’s central planners can predict the future better than you can, or that they really know what they are doing and why.” ~ Alan Reynolds
-
•
Paul Volcker, the Fed, and ‘Tight Credit.’ The Myth That Won’t Die.
“It’s no surprise that economic types want to believe all good things run through central planners, but readers of political and economic commentary would be wise to be skeptical. The Fed’s power is well overstated.” ~ John Tamny