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Existing-Home Sales Rise to the Highest Level in More Than A Decade
“Existing-home sales rose again in October, making housing a bright spot for the economy, but the outlook remains highly uncertain.” – Robert Hughes
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FedCoin Revisited
“We don’t know whether the Fed would take steps to eliminate cash or impose negative rates on FedCoin balances. We don’t know how it would go about intermediating funds. But such speculations should make one thing clear: there are risks. At the least, we should develop strong institutional checks before permitting the Fed to plow ahead.” ~ Nicolás Cachanosky
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Initial Claims for Unemployment Benefits Rose Slightly as New Restrictions Emerged
“Initial claims for unemployment benefits rose slightly in the latest week, the first increase since October 10. Renewed government restrictions pose a threat to economic recovery.” – Robert Hughes
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The Complexity of Monetary Policy and the Effectiveness of the Fed’s Commitment to a Higher Rate of Inflation
“A better policy would be to bring greater clarity to the structure and effects of the Fed’s policy framework so as to improve the quality of investor expectations. So long as investors feel that they might as well be reading tea leaves to predict Fed policy, the Fed will struggle to anchor investor expectations of nominal and real income growth.” ~ James L. Caton
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Irish Scientists and Doctors Inveigh Against Lockdowns
“The White Paper recommends four overarching strategies consistent with the 2019 WHO and Irish pandemic guidelines, including the removal of lockdowns and a focused protection of the vulnerable. Overall, this paper is an impressive study on lockdowns and presents a mountain of evidence that demonstrates lockdowns are not only ineffective but harmful to people and must be stopped to maintain a healthy society.” ~ Amelia Janaskie
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