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  • Yellen’s Testimony Suggests Rates Will Rise This Year

    In her recent testimony to the Senate and House, Janet Yellen ruled out an interest rate increase in the immediate future. However, she hinted that a rate increase would occur this year. This was largely in line with the thinking of most economists. Not many economists were expecting a rate increase prior to June. One prominent economist I met with […]

    Photo: Andrew Harrer/Bloomberg via Getty Images
  • Great Recession Redux

    We are fast approaching the time when it will become obvious to all that mortally-wounded economies cannot be resuscitated by a massive increase in credit from central banks. Nations that suffer from tremendous capital imbalances, debt capacities and asset bubbles cannot be healed by printing money. Quantitative easing and zero percent interest rates have the ability to provide GDP growth […]

    Photo by Dominik Brenne / Getty Images
  • Obama Finally Gets An Issue Right (Sort Of): Occupational Licensure

    Free-market advocates have long argued that occupational licensure laws do a lot of damage but little or no good. The first strong challenge to such laws I can recall reading was in Milton Friedman’s 1962 classic Capitalism and Freedom. Not content to pick off the easy and obvious cases, he went after the hardest one, licensing of doctors, and argued […]

    Photo by Getty Images
  • Austerity is Now Extinct

    Greece's newly elected leftist Prime Minister, Alexis Tsipras, is bringing deficit spending back into vogue. The charismatic prime minister laid out plans to dismantle Greece's "cruel" austerity program, ruling out any extension of its international bailout and setting himself on a collision course with the European Union. Unabashedly candid, he has burst on the scene as the veritable anti-austerity rock […]

    Prime Minister of Greece Alexis Tsipras
  • Yellen: Looking For Inflation In All The Wrong Places

    In 1958, economist W.H. Phillips wrote a paper that argued an inverse relationship existed between wage inflation and unemployment. The crux of his theory was when unemployment is high wage growth is absent; but when the unemployment rate is low wages rise rapidly. Philips established his theory under the framework of a curve and it was aptly referred to as […]

    Photo by Chip Somodevilla / Getty Images

More Commentary

Photo: Andrew Harrer/Bloomberg via Getty Images

Yellen’s Testimony Suggests Rates Will Rise This Year

In her recent testimony to the Senate and House, Janet Yellen ruled out an interest rate increase in the immediate future. However, she hinted that a rate increase would occur this year. This was largely in line with the thinking of most economists. Not many economists were expecting a rate increase prior to June. One prominent economist I met with […]

Read more ›
Photo by Dominik Brenne / Getty Images

Great Recession Redux

We are fast approaching the time when it will become obvious to all that mortally-wounded economies cannot be resuscitated by a massive increase in credit from central banks. Nations that suffer from tremendous capital imbalances, debt capacities and asset bubbles cannot be healed by printing money. Quantitative easing and zero percent interest rates have the ability to provide GDP growth […]

Read more ›
Photo by Getty Images

Obama Finally Gets An Issue Right (Sort Of): Occupational Licensure

Free-market advocates have long argued that occupational licensure laws do a lot of damage but little or no good. The first strong challenge to such laws I can recall reading was in Milton Friedman’s 1962 classic Capitalism and Freedom. Not content to pick off the easy and obvious cases, he went after the hardest one, licensing of doctors, and argued […]

Read more ›
Prime Minister of Greece Alexis Tsipras

Austerity is Now Extinct

Greece's newly elected leftist Prime Minister, Alexis Tsipras, is bringing deficit spending back into vogue. The charismatic prime minister laid out plans to dismantle Greece's "cruel" austerity program, ruling out any extension of its international bailout and setting himself on a collision course with the European Union. Unabashedly candid, he has burst on the scene as the veritable anti-austerity rock […]

Read more ›
Photo by Chip Somodevilla / Getty Images

Yellen: Looking For Inflation In All The Wrong Places

In 1958, economist W.H. Phillips wrote a paper that argued an inverse relationship existed between wage inflation and unemployment. The crux of his theory was when unemployment is high wage growth is absent; but when the unemployment rate is low wages rise rapidly. Philips established his theory under the framework of a curve and it was aptly referred to as […]

Read more ›
Puddle Jumpers: How Administrative Law Control Your Streams, Ponds, and Marshes

Puddle Jumpers: How Administrative Law Control Your Streams, Ponds, and Marshes

When Congress passed the Clean Water Act in 1972, it was exercising its power to regulate interstate commerce by prohibiting discharges into the nation’s “navigable waters.” If a body of water could be used to transport goods from one state to another, it was covered by the Act. Like so many other statutes enacted over the last 80 years – […]

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U Nyan Tan, Vice President of The National Land Resource Management Central Committee, delivers address at meeting on  December 9th, 2014.
(Photo by MNA)

Christians in Myanmar: Give Back Our Land

“This IS our family land.” L.N., an energetic pastor and a community activist, expressed his mind through his thick-accented English. With a wave of his hand, he directed our eyes to nearly 20+ acres of open land featuring mature trees, rice patties, a small open pasture, and the whole area dotted with small one-room brick dwellings, chickens, pigs, and cattle. […]

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