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dollar construction
Joakim Book

Who Bears the Burden of Dollars’ Falling Purchasing Power?

“Inflation is not a one-trick pony, with an easily predictable outcome. Rather, it does several things at the same time. Looking at claims like the eradication of a dollar’s purchasing power is misleading: it is not the case that inflation has ripped off savers by eradicating 97% of their savings’ worth.” ~ Joakim Book


Jeffrey Tucker

Madness in Melbourne

“I cry for the once-great city of Melbourne this day. May there be justice. And may its future political leadership be granted some modicum of decency and wisdom.” ~ Jeffrey Tucker


federal reserve in the fall
Nicolas Cachanosky

The Fiscal Fed

“Allowing the Fed to become a catch-all institution undermines its independence and ability to conduct monetary policy. If every job is the Fed’s job, it won’t do any of them well.” ~ Nicolás Cachanosky


Jonathan Newman

The Use of Knowledge in a Pandemic

“As Hayek reminded us, ‘We need decentralization because only thus can we ensure that the knowledge of the particular circumstances of time and place will be promptly used’ (p. 524). We’ve been here before. You are more of an expert than you might think.” ~ Jonathan Newman & Anthony Gill


Phillip W. Magness

Charles James Fox and the Consistent Defense of Liberty

On matters concerning modern political parties and the politicians they produce, my natural inclination is to ridicule and disparage both. When pressed to declare an affiliation though, I usually answer “Foxite Whig.” The reference is admittedly obscure. It carries no pretentious expectation of a dark horse victory from an affiliation that does not even exist […]


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