Cecil Bohanon & Nick Curott: Even do-it-yourselfers require some assistance
The home gardener/canner is pretty much just as reliant on his fellow humans and market exchanges as those who get their produce at Walmart.
The home gardener/canner is pretty much just as reliant on his fellow humans and market exchanges as those who get their produce at Walmart.
Few public policies are as broadly popular as the proposition that infants should have access to baby formula.
To reduce the use of fossil fuels, it is rather obvious current users will have to find substitutes for its current uses.
During the current recovery, the Fed has abused its discretion, purchasing trillions in Treasury bonds and mortgage securities, flooding the economy with money and credit.
A federal price gouging law would not lower inflation because it does nothing to address its cause.
Founded in 1997, the trust owns and maintains a collection of over 1,500 first or early editions of great books and manuscripts, mostly published before 1900.
It is important to recognize that the dollar value of production of final goods in an economy is not identical to the well-being or living standard of the residents of the economy, although the two are inevitably related.
Ongoing access to resources is necessary for any broadcast, publication or communications network to be viable.
In our opinion, the only reason inflation expectations aren’t higher is that the Fed hasn’t lost all credibility in its commitment to lowering inflation.
One little heralded change was when the Fed moved in 2019 from a two percent inflation target to a two percent average inflation target.
When the U.S. government “weaponizes” the dollar, the certainty of dollar redeemability is eroded, as is its desirability as a currency.
Here are three simple tests for any claim: Does the claim sound plausible? Does the claim check out? Is there a cogent theory behind the claim?
With all due respect to our Keynesian colleagues, discouraging saving is bad policy.
When the money supply increases faster than the output of goods and services, people spend the excess money. This causes prices to rise and the value of money to fall.
There are two ways a country can obtain a good or service. Both require it to use its scarce domestic resources—notably its land, labor and capital—to that end.
The great economist Walter Williams said the primary economic justification for government is to protect its citizens from thugs, both foreign and domestic.
After Vietnam, Iraq and Afghanistan, the USA hasn’t the political will to engage in another war.
Our industries are much more concentrated and unions much weaker than the last time we had significant inflation.
The best way to assess how our policymakers have performed is by gauging how well they have kept the dollar value of income in the economy—what economists call nominal gross domestic product (NGDP)—growing on its expected path.
But what if a majority of voters or their legislative representatives think universities, or, for that matter, K-12 schools, should or should not teach certain ideas?