The Federal Reserve Is Why The People Are Unhappy
One problem with this defense of the economy is that government statistics are manipulated to understate the true rates of inflation and unemployment.
The tippinsights opinion section reflects articles where our individual authors or individual groups (from anywhere on the political spectrum) utilize our data to make compelling arguments.
One problem with this defense of the economy is that government statistics are manipulated to understate the true rates of inflation and unemployment.
One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation reports
Thinkers such as Ludwig von Mises questioned this way of assessing the state of the economy
For two years, we blamed artificial intelligence for shutting young graduates out of work. The real culprit is remote work, which has made companies wary of hiring people they cannot train in person.
This isn’t a story about weakness. It’s a story about what happens when every institution that once made hardship survivable is now removed at the same time, and the market for chemical sedation expands to fill the void.
Ludwig von Mises recognized the full significance of this distinction and built it into the architecture of praxeology, permanently separating the Austrian School from its neoclassical rivals and from the illusion that human behavior can be captured in a mathematical model.
The review first appeared in National Review and is reprinted in Kendall’s book The Conservative Affirmation (1963) from which I quote.
Competing firms, since they’re already in business competing with each other, contain information that must be relatively similar.
Americans want China out of the land, the supply chain, and the phone. The agreement is broad, and it is defensive.
Xi asked whether America would defend Taiwan. The President preserves the ambiguity by design, the public by indecision.
The responsibility of trying to limit or abolish foreign intervention is avoided by many conservative libertarians in that they are very, very concerned with things like price control
Not surprisingly, his speech was not well-received among American progressives who insist that progressivism represented much-needed reforms in American society to curb the excesses of capitalism
Among the many slimy things Virginia Democrats did when they assumed power was to pass a slate of constitutional amendments to be put before the voters. The first was the gerrymandering power grab