The Dangers of National Service
“There is no acting entity called “the nation” to be served. The reality: what is called national service means doing the bidding of the particular politicians and bureaucrats who hold the reins, issue the orders and reap whatever sadistic satisfaction they gain from so doing.” ~ Warren Gibson
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Managing the Chessboard of Human Society: Lessons from the Online Chessboard
” It seems reasonable that we will never actually master every possible detail of chess, Monopoly, and other games. If games that happen within very well-defined spaces according to very well-defined rules present such insurmountable difficulties, I’m definitely skeptical of the notion that we can design and control a great society.” ~ Art Carden
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Rush Limbaugh Again Cites AIER
“AIER has been a crucial alternative platform for rational discussion of this topic, and this has been useful for alternative voices on all sides. Broadcaster Rush Limbaugh cites AIER at some length in his radio show today. Here is the transcript.” ~ AIER
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The Fed Can’t Revive the Dead, But It Can Delay Their Recovery
“Central planning was tried in the 20th century, and it failed miserably. As evidenced by the U.S. economy’s dynamism, the Fed’s actual power is a fraction of what its supporters and critics both presume.” ~ John Tamny
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An Open Letter to the Institute for New Economic Thinking
“Treating this as a mistake and correcting it is the right thing to do in response to an unfortunate lapse in judgement. Failure to do so in my opinion would amount to among the most egregious instances of such crass intimidation I have seen.” ~ Max Gulker
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Ignore the Cooing of the Deficit Doves
“We skeptics of government power should never stop warning of the dangers of deficit financing, for such financing lowers political decision-makers’ costs of expanding government’s size and scope.” ~ Donald Boudreaux
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The Trust Revolution
“By and large, Henderson and Churi are correct: developing microregulatory technology is part of a “trust revolution,” and one that promises to change and direct the 21st century economy and beyond.” ~ Art Carden
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The Internet Is No Substitute for Real Life
“Remember that many commercial enterprises provide you not only with the goods and services you desire, but the vital space with which we all need to craft friendships, trust, and empathy. Without that, economies don’t function well. No supply-and-demand graph can ever capture that fully. You have to live it to believe it.” ~ Tony Gill
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How the Federal Reserve Literally Makes Money
“The Fed is spending up to US$2.3 trillion to help save the U.S. economy from the coronavirus recession. But where does all that money come from?” ~ William J. Luther
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Keep the Fed Out of Municipal Finance
“Chairman Powell should follow the advice of his predecessors. With the program still in its infancy and economic recovery already underway, now is the time to end the MLF in order to preserve the Fed’s independence, maintain the separation between fiscal and monetary policy, and deter additional calls for municipal bailouts in the future.” ~ Thomas Hogan
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The Fatal Conceit of COVID-19 Epidemic Models
“The epidemiological world has published countless articles and studies warning against the tendency and ease with which one can overestimate Ro. We have fallen prey to this tendency once again.” Gregory van Kipnis
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Negative Interest Rates Explained
“If policy does not moderate and if investors are unable to innovate means to protect their positions from these policies, as they often have in the past, the current fiscal and monetary regime places the globe at risk of, at worst, financial catastrophe and, at best, stagnation.”~James L. Caton, Peter C. Earle, William J. Luther
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