“Greedflation” Is an Accounting Identity Not an Economic Explanation
Jai Kedia This week, the International Monetary Fund published a blog post and a working paper that show the contributions of profits, wages, and import prices to the recent inflationary spiral in the Euro area. While the authors note that their analysis represents
Defuse the Culture War with Liberated Education
Mustafa Akyol and Neal McCluskey America’s culture wars are sometimes perceived as conflict between “conservatives,” who defend the values of white Christians, and “progressives,” who defend the rights of minorities. But there is something new these days complicating this always too‐simple
Student Loan Forgiveness
Jeffrey Miron This article appeared on Substack on June 29, 2023. Later today, or next week at the latest, the Supreme Court will announce its decision in two cases that challenge the Biden administration’s cancellation of $400 billion in federal student loan
How US States Could Pave the Way for Currency Competition
The US dollar has been the world reserve currency since 1944. At the Bretton Woods Conference, the dollar was pegged to gold and every other currency was pegged to the dollar. The fixed exchange rate system that emerged provided a
Disarm All Federal Agents
There are now more armed civilian federal agents than there are US Marines. These well-funded armies of federal enforcers from the alphabet agencies are there to be used against US citizens at the whims of federal policymakers. Every last one of
The Trouble with the Constitution and the “Social Contract”
Politics is of its very nature biased in favor of intervention and planning. Even in its “minarchist” or “night-watchman” version, politics is based at root on the idea that some decisions must be made coercively and imposed on unwilling minorities
It’s Raining Entrepreneurship at a Taylor Swift Concert
While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars. Original Article: "It’s Raining Entrepreneurship at a Taylor Swift Concert"
Producers, Not Consumers, Are the Engine of Economic Growth
Keynesian economists believe that recessions occur because of a weakening in aggregate demand, so boosting demand will end the downturn. Whenever an economy shows signs of weakness, most experts believe that increasing aggregate demand will prevent the economy from sliding
The Promising Results of Accessory Dwelling Unit Reform
Vanessa Brown Calder and Jordan Gygi Housing prices remain high throughout the country, and policymakers in many places have acknowledged the need to expand housing supply to reduce prices and even combat homelessness. Accessory Dwelling Units (ADUs) provide one option
