“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
“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
“Hazlitt’s thesis is that bad money will inevitably result in bad behavior. This might be a tough thesis to swallow — particularly for those who live in the age of fiat money.” ~Jon Miltimore
“William Penn’s 1682 ‘Frame of Government’ for Pennsylvania included elected representatives, a separation of powers, religious freedom, and fair trials, all since incorporated into our Constitution.” ~Gary Galles
“The Biden Administration claims to promote economic growth and increase competitiveness while choking the economy with rules and regulations.” ~Nikolai Wenzel
“We can’t say, ‘There is no point, because the average criminal won’t obey the law.’ Just because the average criminal doesn’t obey the law, that does not mean the marginal criminal won’t.” ~Art Carden
“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
“Fortunately, the idea that thousands of businesses have colluded to raise prices, boosting their profit margins and engineering the inflation that continues to afflict Americans, is easily disproven.” ~Peter C. Earle
“The pervasive cloud of weird, semi-threatening tension which swirls around a modern faculty corridor does a disservice to a long and venerable academic tradition.” ~Paul Schwennesen
“No matter how glorious it was for Icarus to fly and how well he thought he could do it, reality has a way of punishing excessive hubris.” ~Joakim Book
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