Keynesians are known for using obscure and jumbled jargon to explain their fallacious ideas. The hope being that, the more confusing the language, the greater the perceived scholarship. Good economics can and should be clearly logically explained.
Keynesians are known for using obscure and jumbled jargon to explain their fallacious ideas. The hope being that, the more confusing the language, the greater the perceived scholarship. Good economics can and should be clearly logically explained.
Yet another discouraging trend in law in the UK, Europe, and the US has been the criminalization of what authorities call “hate speech.” However, much of what passes for such “speech” is innocuous at worst and historically has been protected.
The Fed is desperate for you to think that "this time is different." Unfortunately, Powell can't seem to come up with explanation of why that is the case.
Combined with good ideas, we can find new and better ways to use technology to promote liberty, free markets, and overall societal well-being.
Building up non-state institutions is a key factor to being free in an unfree world.
The more things change, the more they remain the same. In our present age of inflation, we are reminded of how Diocletian and other Roman authorities ordered price controls and other measures to hold down prices. None of these edicts were successful in bringing down
Jeffrey Miron A standard assumption about elected officials is that they act in the best interests of their constituents. Perhaps that is true in some cases, but more generally they seem motivated by self-interest: In response to the COVID-19 pandemic, the US government transferred nearly $1 trillion
The Fed’s specialty is propaganda through data, with a long record of failure. This is by design. Their communication tools must work in overtime, particularly in the face of a decision like this, to avoid “spooking markets”, though this veneer is easy to see through.