The Fed Is Warping the Shape of the Yield Curve
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the…
The rule of law and property rights
While many people currently are likely to view the rule of law as simply a collection of arbitrary rules, it involves private property rights and limits on state power.
Do We Need 3% Inflation? Economic Growth and Deflation
Keynesian economists claim that the economy needs at least 2-3% inflation in order to avoid business cycles. But these inflation rates over time are economically ruinous and they actually harm…
Krugman: Harris Hasn’t Proposed Price Controls and It’s Good That She Did
Krugman-the-textbook-author says price ceilings have terrible consequences. Krugman-the-columnist says they’re “reasonable.”