As Brazil's example shows, price controls cannot solve the problems caused by lax monetary and fiscal policies.
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The Fed Tied Its Own Hands
The central bank is reaping what it sowed during the pandemic. / Read here
FEE THE ECONOMY ISN'T AN ENGINEERING PROJECT
https://fee.org/articles/the-economy-isnt-an-engineering-project/?fbclid=IwY2xjawEqNZRleHRuA2FlbQIxMQABHayMNY2-wnJ_l5a7asdMMiYxU1_A-dqnSVOnKWclvOx1gCzgYAMgtcf41Q_aem_odQ08aXS3T-yLDPD_ZeRWw
Casey B. Mulligan
A Regulatory Onslaught The Biden administration’s policies amount to lifetime costs of nearly $50,000 per family. / Read here
It is an indictment of democracy that neither of America’s political parties seem capable of addressing the fiscal crisis caused by the transfer state.
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It is painfully obvious that meaningful appreciation of the economic past is lacking. And that ignorance has consequences outside the academy. READ MORE › Reviews of Swift’s latest work juxtaposed its quality with her unmatched commerciality. Regardless of critical assessment of Swift, her work has achieved unmatched mass-market success. In her latest for Bloomberg Opinion, MI’s Allison Schrager considers whether today’s “winner-take-all” economy—where an industry offers big rewards to a few stars while smaller players struggle to make a living—has disincentivized creative thinking. Achieving wild success in any field requires appeasing gatekeepers with a vested interest in maintaining relative homogeneity within that field. Creatives (or any professional) pushing the bounds of the mainstream with offensive, provocative, or simply unusual work will struggle to reap any meaningful financial rewards, dis-incentivizing the out-of-the-box thinking that often leads to innovation. Government interventions, in attempting to artificially allocate resources, actually help fuel inequality. READ MORE › 
Desmond Lachman suggests that the stock market is partying like it’s 2008. Amid high interest rates and growing geopolitical, financial system, and trade risks to economic recovery, Lachman argues that the stock market should pay closer attention to rising threats to economic stability from Chinese economic stagnation, a commercial real estate collapse, and trade tensions.
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SOLZHENITSYN & HAYEK: NOBEL PRIZE; BOTH MEN DEFEATED POSITIVISM.
AuthorAn authority on Southwest Asia political economy, and international columnist. covering 'the long war'.
INSTITUTIONS & CULTURE = MARKETS
HOOVER INSTITUTION FRIEDMAN FUNDAMENTALS
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