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What Is "Affluent Investor"?
  • Is Property Seizure Regulation Just On The Horizon?

    It’s spring, and just as the appearance of shoots and buds makes you optimistic that winter is departing, so too are there signs around the country that make you optimistic that our leviathan state is, if not departing, at least starting to retreat. Americans are becoming increasingly distrustful of government, and with good reason. Among those reasons is the abominable […]

    Photo by Lloyd Fox / The Baltimore Sun
  • Let's Blame the Savers

    Just like in the world of fashion, economic terminologies come in and out of vogue. One such economic term trending recently is Secular Stagnation. First proposed by Keynesian economist Alvin Hansen back in the 1930s, Secular Stagnation was coined to explain America's dismal economic performance-in which sluggish growth and employment levels were well below potential. The term is now back […]

    Former Secretary of the Treasury Larry Summers
  • Bernanke and the (Economic) Euthanasia of Retirees

    Ben Bernanke presided over the Federal Reserve for two terms, from 2006 through 2014. A year and half into his first term, he began driving the Federal Funds Rate down. By the end of his frantic interest episode, this key overnight lending benchmark had been crushed. It hit bottom, and it hasn’t sprung back in over 6 years since. Everyone […]

    Bernanke and the (Economic) Euthanasia of Retirees
  • Central Banks as Vestigial Organs

    In his early years Hayek anticipated that the monetary theory of trade cycles, now known as the Austrian business-cycle theory (ABCT) would become widely known by business people who would refuse to borrow when the central bank reduced interest rates to an artificially low level. That would dampen booms caused by money created ex nihilo and reduce the severity of […]

    Central Banks as Vestigial Organs
  • Bernanke, Summers & Krugman: Astrology Priests

    During the last few weeks, Larry Summers came up repeatedly with speculations that what’s happening today is “secular stagnation,” meaning a lasting diminished “aggregate” demand in the world, in the US in particular.  In contrast, Mr. Bernanke brings up cycles and special factors  but not the Fed – to explain the low interest rates, whereas Krugman criticizes Bernanke, bringing up […]

    Bernanke, Summers & Krugman: Astrology Priests

More Commentary

Photo by Lloyd Fox / The Baltimore Sun

Is Property Seizure Regulation Just On The Horizon?

It’s spring, and just as the appearance of shoots and buds makes you optimistic that winter is departing, so too are there signs around the country that make you optimistic that our leviathan state is, if not departing, at least starting to retreat. Americans are becoming increasingly distrustful of government, and with good reason. Among those reasons is the abominable […]

Read more ›
Former Secretary of the Treasury Larry Summers

Let's Blame the Savers

Just like in the world of fashion, economic terminologies come in and out of vogue. One such economic term trending recently is Secular Stagnation. First proposed by Keynesian economist Alvin Hansen back in the 1930s, Secular Stagnation was coined to explain America's dismal economic performance-in which sluggish growth and employment levels were well below potential. The term is now back […]

Read more ›

Do Lawyers Cost Too Much?
Make the Bar Exam Optional

The correct answer is false. Instead of ensuring that all legal practitioners are competent, the bar exam (and its long prelude, law school) merely creates an artificial barrier that keeps many people from competing in the market for legal services. That has two main consequences. First, some people who could earn a pretty good living as attorneys are prevented from […]

Read more ›
Bernanke and the (Economic) Euthanasia of Retirees

Bernanke and the (Economic) Euthanasia of Retirees

Ben Bernanke presided over the Federal Reserve for two terms, from 2006 through 2014. A year and half into his first term, he began driving the Federal Funds Rate down. By the end of his frantic interest episode, this key overnight lending benchmark had been crushed. It hit bottom, and it hasn’t sprung back in over 6 years since. Everyone […]

Read more ›
Central Banks as Vestigial Organs

Central Banks as Vestigial Organs

In his early years Hayek anticipated that the monetary theory of trade cycles, now known as the Austrian business-cycle theory (ABCT) would become widely known by business people who would refuse to borrow when the central bank reduced interest rates to an artificially low level. That would dampen booms caused by money created ex nihilo and reduce the severity of […]

Read more ›
Bernanke, Summers & Krugman: Astrology Priests

Bernanke, Summers & Krugman: Astrology Priests

During the last few weeks, Larry Summers came up repeatedly with speculations that what’s happening today is “secular stagnation,” meaning a lasting diminished “aggregate” demand in the world, in the US in particular.  In contrast, Mr. Bernanke brings up cycles and special factors  but not the Fed – to explain the low interest rates, whereas Krugman criticizes Bernanke, bringing up […]

Read more ›
United States Constitution

Why I Can’t Be a Liberal: Words Have Meaning

Here's a short story for those who are tired of how the left abuses language and those who think the Constitution died the day liberals first called it a "living" document: When he was still a young man, my old friend the late Maurice Kelley, then of the English department at Princeton, traveled to London to examine some of John […]

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