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Unseen Innovation

“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux

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Milei Proves That Ideas Matter

“Rather than the thin gruel of economic grievance offered by American right-wing populists, Milei’s policies are built on his vast knowledge of sound and successful, albeit politically unpopular, economic thinking.” ~ G. Patrick Lynch

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Time for the Fed to Ease Up

“Even if Fed economists have underestimated the natural rate of interest by half, monetary policy looks slightly tight. It looks very tight if the natural-rate figures are anywhere close to correct.” ~Alexander W. Salter

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Inflation On Target in December

“Monetary policy remains very tight. Interest rates are much higher than they were just prior to the pandemic. And the Fed is no longer accommodating expansionary fiscal policy.” ~William J. Luther

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Mr. Jones and the Soviet Lie

“Socialism not only hollows out economies, but also makes truth the enemy of the people. And when silence overwhelms a nation, the few who are brave enough to speak can shape history.” ~Michael Peterson

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