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Yes, the High Inflation Rates Will Continue in 2022
“A shift to a more restrictive monetary policy to control inflation is likely to result in a recession. One can only hope that the Fed is able to handle this transition better than it has handled the monetary policy of the recent past.” ~ James D. Gwartney & David Macpherson
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Mandate Drift at the Fed Is Par for the Course
“We must decide, so long as we have a central bank, what we want it to do. The best feasible reforms tighten the Fed’s leash. A constrained Fed is a competent Fed. A drifting Fed is a danger to the public.” ~ Alexander William Salter
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Learning Street Corner Economics in London
“An overseas experience affords plenty of ways to put the tools and principles of economics students have been taught to work, perhaps the best way to real mastery of ‘street-corner economics.’” ~ Gary M. Galles
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The Abolition of Man
“In four of the quotations, Lewis speaks of ‘the Tao.’ By that he means something like the universe, including its moral order, or perhaps the notion of a morally ordered universe.” ~ Daniel B. Klein
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Review of The Sovereign Consumer: A New Intellectual History of Neoliberalism
“The emphasis on consumer sovereignty helps clarify the discussion, and this is a book intellectual historians, economic historians, and historians of economic thought can read profitably.” ~ Art Carden
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James Rosen’s Endlessly Excellent ‘A Torch Kept Lit’
“Buckley was good, and Rosen so good for deciding to take on this project. To read this unputdownable book is to yearn for what’s next from Rosen, and, if possible, to appreciate William F. Buckley even more.” ~ John Tamny
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Trade, Debt, and Growth
“What are we getting for this unprecedented debt? Mostly, all it’s purchased for us is political leadership which can only charitably be characterized as mediocre.” ~ Robert F. Mulligan
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Illiberalism Will Not Secure the Common Good
“One does not need to be a full-on classical liberal to recognize that liberal principles, even where they lack substantive justification, may preserve correct intuitions about morality and the common good.” ~ James Dominic Rooney
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Weekly Initial Claims Remain Below Pre-Pandemic Level for Eleventh Consecutive Week
“Low weekly initial claims suggest a very tight labor market and is a support for consumers. However, the Russian invasion of Ukraine, sustained elevated price increases, and a new Fed tightening cycle are significant risks to the outlook.” ~ Robert Hughes
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Ideas Shaped the Words That Made the Modern World
“Once governments finally let people make their own decisions, innovation and economic growth were viewed to be in the interest of everyone. In the process, rhetoric of all degrees began to shift in favor of a liberal world.” ~ Michael N. Peterson
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