The Complexity of Monetary Policy and the Effectiveness of the Fed’s Commitment to a Higher Rate of Inflation

– November 19, 2020

“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

– November 19, 2020

“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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Getting Covid Is Not a Crime

– November 18, 2020

“As states begin to lock down/lock up again, our choice remains clear: one simple, tried and true rule that respects individual rights and liberties, or myriads of oppressive rules that work at cross purposes and are certain to be mocked now and in the future.” ~ Robert E. Wright

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Jerome Powell

Filling Fed Vacancies Would Leave Biden with Few Options to Replace Powell

– November 18, 2020

“Biden’s only other play would be to lean on historical norms. Fed Chairs rarely stick around to serve out their terms as mere Governors when they are not reappointed to the top spot. Janet Yellen resigned in 2018, when Trump replaced her as Chair with Powell, despite having nearly six years left on her term as Governor. Biden might hope Powell will follow suit.” ~ William J. Luther

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Not All Government Spending is Stimulus

– November 18, 2020

“Relief spending would be a much-needed blessing for many Americans. But paying people not to work does not stimulate the economy.” ~ Thomas L. Hogan

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Does Science Really Demand that Bars and Restaurants Close?

– November 17, 2020

“Until we start questioning ‘the science’ or demand that our policymakers stop hiding behind the boastful yet ambiguous label of ‘science’ and adequately identify precisely what evidence they are following, we will be sucked into an endless spiral of cyclical shutdowns.” ~ Micha Gartz

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Do Not Trust Governments with the Control of Money

– November 16, 2020

“If Judy Shelton is appointed to the Federal Reserve Board of Governors, and if she actually espouses and defends the ideas for which she is being condemned by so many of those ‘mainstream’ economists today, it may be a useful step to the societal transformation to a freer society, a key long run element of which must be the freeing of money from political control.” ~ Richard M. Ebeling

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Debt, Deficits, and the Donald

– November 15, 2020

“Fortunately, divided government will mean no Green New Deal, no federally mandated and funded paid leave, and no Court-packing. But it probably won’t mean less spending. In fact, Senate majority leader Mitch McConnell has already announced that we can expect another COVID-relief bill, one containing many of the Democrats’ favorite provisions, such as bailouts of the states.” ~ Veronique de Rugy

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The Orwellian Pandemic

– November 13, 2020

“This strange power of language to change hearts and minds was always dubious at best but has, in our times of coronavirus need, gone completely berserk. If we tell a virus to back off, it will. If we ensure one another with empty religious phrases, we’ll all be protected from God’s wrath. George Orwell and his ‘Politics and the English Language’ has never felt more relevant.” ~ Joakim Book

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State and Local Governments Should Not Get a Bailout – either from Congress or the Federal Reserve

– November 13, 2020

“A Biden Administration likely will be able to give states and localities a bailout, even if Congress doesn’t approve a new ‘stimulus,’ and even if the Trump Administration doesn’t extend the Federal Reserve’s authority. But at least the incoming Biden people would have to jump through a few hoops.” ~ Daniel J. Mitchell

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Joe Biden, the New York Times, ‘Dark’ Winters, and ‘Terrifying Surges’

– November 12, 2020

“The more a country tests, the more infections that country will unearth. Doctors and other experts can decide for themselves whether relentless testing is good, bad, or not terribly relevant, but it presumably explains a lot when it comes to virus spread in the U.S. More than politicians and sub-editors want to admit, their predictions and headers are really just statements of a not so dark or terrifying obvious.” ~ John Tamny

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Elections and Legitimacy

– November 11, 2020

“The election results will likely further erode federal legitimacy at a time when Uncle Sam has no trust to spare. How many more election debacles and brazen abuses of power does Washington believe the American people will tolerate?” ~ James Bovard

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