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Monetarism Remains a Useful Guide on Inflation
“If the Federal Reserve raises interest rates too quickly, sharply declining M2 growth will signal the risk of recession. Monitoring M2 growth can help in making sure the Fed tightens monetary policy at the appropriate pace, not too fast and not too slow.” ~ Peter N. Ireland
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Inflation and Relative Prices
“Although inflation is often classified as a macroeconomic topic, it is clear that a firm understanding of price theory is necessary to work out all of the costs associated with inflation.” ~ Joshua R. Hendrickson
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US Celebrates Alliance With Seoul: But Is South Korea Worth a Nuclear War?
“Absent a miraculous deus ex machina, the North will soon be able to destroy American cities. This requires Washington to consider the unthinkable: acquiescing to if not encouraging South Korean development of its own nuclear deterrent.” ~ Doug Bandow
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