Monetary Policy in America Is a Mess. Things Are Even Worse in Europe.
High inflation takes off where political forces are too strong to permit the implementation of harsh remedial measures with respect to taxation and monetary policy such as to prevent an implosion of the national currency. In the contemporary global financial
Fed Transparency Won’t Get Us out of the Mess the Fed Created
In an interview with National Public Radio’s “Morning Edition” program on Thursday, March 25, 2021, Fed chair Jerome Powell said that even with the economy rebounding faster than expected, any change in monetary policy would happen “very, very gradually over
Biden and Janet Yellen Are Pushing a Global Minimum Tax Rate. The EU Is Very Pleased.
It has long been a dream of central planners and interventionists to set a global, uniform tax rates for all regimes. These globalists know that so long as sovereign states have the ability to freely set their own tax rates,
Major League Baseball Punishes Georgians for the Acts of a Handful of Politicians
Georgia has new voter laws, and as could have been anticipated, they are polarizing. For the Left, they are infringements akin to Jim Crow; for the Right, they are commonsense reforms to counter voting fraud. The corporate press—never one to
Peter Klein: When Policy-Makers Discover The Benefits of Entrepreneurship, They Can’t Resist Intervening
Innovative entrepreneurship is the segment of the entrepreneurial economy that is especially highly focused on innovation via new products and services. Within innovative entrepreneurship there is an even brighter spotlight on NTBF — new technology-based firms that are cutting edge,
All About the Troubles in the Suez Canal
Cold weather, semiconductor shortages, and as well as the blocked Suez have caused severe disruption in receiving the goods by worldwide ship manufacturers. Figure 1 – BBC Some of the supply chain problems have caused disruptions, and they have exceeded the original
The Feds Are Pushing Pension Funds toward “Socially Responsible Investing”
Enivronmental, social, and governance (ESG) investing, although rooted in an older concept known as “socially responsible investing,” has been more and more on the rise in recent years. Predictably, the Biden administration has paved the way for the Department of
Why Postmodernism Is Incompatible with a Politics of Liberty
Several months ago, I debated Thaddeus Russell on The Tom Woods Show. The proposition debated was “Postmodern philosophy is compatible with a politics of individual liberty.” Thaddeus defended the proposition and I opposed it. Here, I want to flesh out
The Economics and Ethics of Government Default, Part III
In the previous installments of this series (part I, part II), I have argued that government default is not only ethical, it is also beneficial to the economy and society as a whole. The one question I left open at
The Tyranny of the “Enlightened” Experts
If you were to stroll through any typical upper-middle-income American neighborhood in 2021, the odds are very high that you’d observe at least one yard sign exuberantly proclaiming something like this: “In this house, we believe that science is real, love is