Marina Von Neumann Whitman, Namer Of The Supply-Side Revolution
This economist was one of the first within the profession to warn of the perils of going off the gold standard—to this day, the profession cannot see it as a mistake.
View ArticleBanking Panics In The Past—That Was The Government
Banking panics that apparently were so regular that they necessitated creating the Federal Reserve in 1913 all stemmed from government foolishness—here's that of 1907.
View ArticleMonetary Innovation And The Blockchain Can Solve Our Debt Crisis
The massiveness of the federal debt has dampened development of the private riskless securities market, but the cavalry via the blockchain is coming.
View ArticleMonetary Innovation May Make The Stock Market Irrelevant
Monetary innovation including Bitcoin will drive savers to humbler, and richer, instruments and reduce popular demand for stock purchases.
View ArticleDon’t You Dare Eliminate The Penny, Redux
Looks like we're getting rid of the venerable copper—and a last link to a precious metal monetary system that only delivered greatness.
View ArticleThe A.P. U.S. History Test Could Shift Its Dates And Get Wildly Different...
Last week in high school across the country, the biggest Advanced Placement test of the year took place. It suggested that government rescued the American economy.
View ArticleThe Na Ga Da Republicans Want To Raise Taxes
"Read my lips, no new taxes," the man said in 1988, at the pinnacle moment of his political career and as the transition from the tremendous Reagan years was at hand.
View ArticleClosed-Loop Demand For Government Bonds
Governments need ready buyers for their bonds—which is a reason not to have government bonds. The history of muni bonds for school finance is exhibit number ten thousand.
View ArticleSingle Payer Is The Problem With The Universities
Federal grants pay for the lion's share of university research—leaving the institutions at the mercy of one customer's whim, a horrible business strategy.
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What Happens When You UnKoch Your Campus
The death of David Koch last month deprives the libertarian intellectual tradition of one of its greatest advocates. With his brothers, David Koch funded and provided inspiration to libertarian...
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Going Off The Gold Standard Halted The Great Depression — Or Caused World War...
The prospect of a Federal Reserve Board nominee in Judy Shelton has led to all sorts of commentary about how kooky the gold standard is. Judy Shelton has said favorable things about gold and the...
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This Is The Original Laffer Curve
Last month, President Trump gave the Presidential Medal of Freedom to economist Arthur Laffer. Laffer was a hotshot young tenured economist at the University of Chicago in the 1960s, developed...
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Facebook’s Libra Could Use A Little Colonialism
Facebook’s proposed new cryptocurrency, Libra—the subject of hearings just now in Washington—is designed like a classic currency from the colonial period of history. Anyone presenting a unit of...
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The Tariff Or Tom Wolfe? It’s Hard To Tell
The New Journalism that Tom Wolfe and others developed in the 1960s had several defining characteristics. One of them was listing mundane things in an on-and-on fashion. The sense afforded was of mass...
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Government Can’t Attract Workers In A Land Of Opportunity
Don Devine, the intrepid head of the civil service during the Reagan administration, Reagan’s “terrible swift sword,” mentioned something astonishing to me earlier this year. He said that two-thirds of...
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The U.S. Can Manipulate China’s Currency
China is not a currency manipulator, but along with Malaysia, Germany, and several other studs of the modern world economy, it might be. So says the latest periodic Treasury report, in which the U.S....
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Americans Loathed The Tariff
As tariffs go up against Chinese imports, and as new American trade barriers to the goods of other nations stay up, it is apt to call upon history to see how things worked out when the tariff was the...
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QE Showed That 2008 Was Not A Financial Crisis
A verity of economic analysis that emerged in the 2008-09 downturn is that what hit was a “financial crisis.” The indication was that the origin and central location of the downturn was in the banking...
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Stephen Moore’s Critics Acquitted Themselves Poorly
The Federal Reserve shall continue in its same old vein now that Stephen Moore has relinquished his bid to be President Trump’s nominee to the Board of Governors. Let’s recount how off-base Moore’s...
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QE Was A Failure
Nostalgia for former Federal Reserve Chair Ben Bernanke’s quantitative easing, “QE,” have we now? Let’s look into where that got us. QE refers to massive buying by our Fed of assets beyond United...
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