There Is No Such Thing As Wage-Driven Inflation

– August 31, 2022

“Friedman’s pouncing on Heller has, unfortunately, had no effect on American journalists. News shows and economic commentators still repeat variants of the claim made by Heller: Rising wages will contribute to inflation.” ~ Vincent Geloso


Price Stability First

– August 22, 2022

“The best the federal government can do right now is to announce that no major policy changes will be implemented until the Federal Reserve gets inflation under control.” ~ Robert E. Wright


No, This Is Not 1970s Style Stagflation

– August 19, 2022

“The FOMC’s current policy stance has precipitated a recession that may modestly deepen as it tardily-but-effectively pursues its commitment to restraining inflation.” ~ James L. Caton


Who Really Cheats the Government?

– August 16, 2022

“The greater enforcement could be regressive. Policymakers and pundits should ponder this possibility before they wrap themselves in the cloth of virtue.” ~ Vincent Geloso


The Strange Definition of Recession Is the Best We Have

– July 29, 2022

“The reality is that the reason many use the flawed rule is because all other alternatives seem to be worse. As such, politicians and pundits who try to downplay talks of a recession by mentioning the flawed rule may be politically, and not economically inclined.” ~ Vincent Geloso


Not so Modern Monetary Theory

– July 24, 2022

“If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the value of that currency will fall (or, there will be inflation).” ~ Gary M. Pecquet & Clifford F. Thies


Liberty and the Power of the Purse

– July 19, 2022

“The colonists ripped the British Empire apart to combat what they considered political slavery, and Southerners tried to do likewise to the U.S. Republic to maintain chattel slavery. Liberty again hangs by the purse strings and by no means must it prevail.” ~ Robert E. Wright


End the Gasoline Crisis: Try Motivation by Love, Not Fear

– July 18, 2022

“It is time to unleash the market to produce more, rather than excoriate the oil producers. Try some motivation by love, President Biden, not motivation by fear.” ~ Raymond C. Niles


Strike Three for the Federal Reserve

– July 4, 2022

“No batter always gets on base but America, nay the world, has a high-quality pinch hitter that it benched a century ago: the Gold Standard. It’s not perfect but it is far better, and fairer, than the Fed.” ~ Robert E. Wright


Stocks and Bonds Hurt Alike Under Stagflation

– July 1, 2022

“When bonds and stocks decline a lot and simultaneously it suggests inflation is rising rapidly even as the economy is stagnating or contracting (or will soon do so). For most economists today, that combination is near-impossible.” ~ Richard M. Salsman


Tocqueville’s Worst Fears

– July 1, 2022

“Piketty is less concerned with promoting either political or individual freedom than he is with building a ‘state’ strong enough to push ‘to its logical conclusion ‘the movement towards ‘real equality’ as he conceives it.” ~ David Lewis Schaefer


The Perpetual Tragedy of New York’s Rent Control

– June 30, 2022

“If the city keeps reducing real rents by capping increases below the inflation rate (as it is doing now), and if inflation continues for more than a few years, we will see building abandonments once again.” ~ Raymond C. Niles