Serious investment thinking that doesn’t take itself too seriously.
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....
Inflation is back! Or so the commentariat would have you believe. The Consumer Price Index (CPI) grew 0.6 percent in August, significantly higher than the previous six monthly...
As the GOP’s presidential hopefuls formulate their national economic agendas, one question looms large: What are they going to do about the Federal Reserve? America’s...
Originally published March 2023 Federal budget hawks are in a pickle. Having predicted nine out of the last zero debt crises, those of us worried about the trajectory of US...
Is fractional-reserve banking inherently unstable? Over at National Review, Edwin Burton, a visiting economics professor at the University of Virginia, argues that...
While decomposing inflation into its constituent parts is empirically tricky, its essence is simple. Inflation results from too much money chasing too few goods. Milton...