The Federal Reserve faced an unprecedented challenge in September 2022, as it began incurring losses for the first time in 107 years. These losses have put taxpayers on the hook,…
Category:
Economy
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In her excellent AIER essay “The Charge to Change Capitalism and Why the Profit Motive Must be Preserved” Kimberlee Josephson wisely warns of the dangers posed to the economy by…
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The California Secretary of State recently announced that another effort to expand rent control in the state has gotten enough signatures to make the ballot next November. Michael Weinstein, who…
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Writing in the Wall Street Journal, John Cochrane argues recent events vindicate the fiscal theory of the price level (FTPL). According to Cochrane, and other proponents of FTPL, inflation is…
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AIER’s Everyday Price Index (EPI) increased by 0.34 percent in July 2023. With this increase, the index stands at 285.2, 0.5 percent below its level one year ago in July…
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In an effort to better understand the intellectual foundations of what eventually came to be known as Bitcoin, we have thus far explored those of the competition in currency proposed…
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Ludwig von Mises said something amazing, a sentence with just 25 words but with a profound insight into how societies work, or could work. The 25 words are these: The…
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The Federal Reserve faced an unprecedented challenge in September 2022, as it began incurring losses for the first time in 107 years. These losses have put taxpayers on the hook,…
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At a recent event at New York University, Federal Reserve Board Governor Christopher Waller described the recent policy actions by the Fed, discussed his view of the lags between monetary…
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In this episode of Liberty Curious, Kate Wand invited Phil Magness to discuss the origins of critical theory, which is a neo-Marxist school of thought born in the Frankfurt School…