2021 In 21 Numbers

– January 20, 2022

“In retrospect, 2021 looks more and more like 1979. Here are 21 noteworthy data points–prices, percentages, dates and other forms of quantitative information–that highlight or exemplify certain developments in 2021, the second year of the pandemic.” ~ Peter C. Earle


Publicly Traded Companies Prevail Despite Covid

– January 18, 2022

“Despite the troubling picture regarding national issues, ranging from Covid to monetary and fiscal policies, entrepreneurs are minding the store and finding new and better ways to serve their markets.” ~ Gregory van Kipnis


Inflation in Oil Prices Will Soon Slow to Zero

– January 11, 2022

“One thing we can confidently project about 2022 is that year-to-year measures of ‘inflation’ in prices of used cars and energy will be near zero by the third quarter, if not below zero. That is nearly a sure thing, baked-in-the cake.” ~ Alan Reynolds


Forecasting Prices from FOMC Projections

– January 8, 2022

“While the period of time over which the Fed is committed to averaging inflation is not explicit, one might have reasonably expected it to ultimately offset the high inflation associated with the pandemic. Alas, that no longer appears to be the case.” ~ William J. Luther


The Impact of Higher Inflation on US Asset Class Returns

– January 4, 2022

“If the Fed is to be a mere BoJ copycat, does that mean that it can keep US equities artificially elevated by a perpetually low policy rate? No more than the BoJ has been able to do for Japanese equities.” ~ Richard M. Salsman


Talk by AIER Research Faculty Peter C. Earle at the 26th Annual “Fields on Wheels” Conference

– December 23, 2021

“Now, and not when the Pi, Rho, Sigma, or Tau variants come along, is the time for social scientists to advise: ameliorating the snags and adverse consequences of policy when and where we can.” ~ Peter C. Earle


On Price and Output Volatility: How Bad is Bitcoin’s Flaw?

– December 20, 2021

“The working arrangements of a new generation of freelancing nomads are keen on and capable of handling the discrepancies between many currencies’ relative purchasing power, crypto or old-school.” ~ Joakim Book


The Tragic and Needless Destruction of Raj Rajaratnam, Price-Giver Extraordinaire

– December 20, 2021

“For doing right Raj Rajaratnam spent time in prison. He should never have been charged. Please read this essential book to see why, and please tell friends about it. The lunacy surrounding markets and information must stop.” ~ John Tamny


Covid-19 Economic Zombification

– December 15, 2021

“Markets are now extremely complacent. Zombie companies, which were already a problem in 2019, have not been killed off; indeed they have multiplied. The zombie apocalypse could be closer than we imagine.” ~ Daniel Fernández


Stuck in Neutral: Trucking And the Pandemic

– December 14, 2021

“Omicron is upon us and a Pi variant is coming, heedless of science or superstition. It would be best for the US, Canada, and the rest of the world to face the coming waves with robust, unfettered trade in operation.” ~ Peter C. Earle


The New Status Quo for Public Finance

– December 13, 2021

“After the 2008 financial crisis, the US never returned to pre-crisis growth levels. My expectation is that unless private investors find a means of avoiding this subsidization of federal borrowing, we never will.” ~ James L. Caton


What Does Kyle Rittenhouse’s Legal Campaign Tell Us about Access to Crowdfunding?

– December 9, 2021

“For now, Visa and MasterCard haven’t made any discernible efforts to limit crowdfunding accessibility based on concerns over their brand. But if they were to start, that would be a concerning development.” ~ J.P. Koning