A recent series of memes and social network one-liners purport to expose the moral bankruptcy of capitalism by asking rhetorically, “Why is baby formula kept under lock and key?” The…
Category:
Economy
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The Bureau of Economic Analysis has revised its estimates of inflation. The bad news: prices have risen faster than was previously thought. The Personal Consumption Expenditures Price Index (PCEPI), which…
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The inability, or unwillingness, to bridge the ideological divide is a hallmark of American politics. The failure is especially acute on issues centering on the Bill of Rights. We all…
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Everyone knows that, because for most of her history, America had almost no restrictions on immigration, America is overwhelmingly a nation of descendants of immigrants. In this case, everyone is…
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Javier Milei, the frontrunner in the Argentine presidential elections, has officially tapped Emilio Ocampo to head Argentina’s central bank (BCRA). Ocampo and I co-authored the now-famous dollarization proposal that Milei…
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If something sounds too good to be true, it probably is. That is especially true when it comes to economic policy. Take, for example, a recent column by the Coalition…
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America’s students have gone back to college. And in my case, they will soon face their first exams. That has turned my focus back to issues of what kind of…
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Economy
Eyes, Shoulders, Knees, and Toes: Rebutting Robert Gordon’s ‘The Rise and Fall of American Growth’
The television series The Six Million Dollar Man follows the adventures of Steve Austin, a former pilot rebuilt from a crash using futuristic, high-tech “bionic parts and implants.” Neither of…
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Inflation in the United States has fallen from its elevated levels a couple of years ago, although not quite all the way to the Federal Reserve’s target average rate of…
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The Federal Open Market Committee opted not to raise its interest rate target at its September 20 meeting. The range for the federal funds rate remains 5.25-5.50 percent. However, several…