Remember stimulus spending? That’s the stuff that the government is supposed to come up with when the economy goes into recession. The idea is that since government expenditures are one part of overall economic output,...
Not everybody agrees on the causes of the Great Recession, but there is one verity that we all typically hold to: as the collapse really hit back in 2008, the United States stepped in big time to bail the financial system...
The dollar—that thing the Federal Reserve has been printing like mad the last few years—is in one of the worst spells in its history, short, medium, and long-term. Against the world’s major currencies, the dollar’s...
The literary event of the year is shaping up to be the March release of Constitutional Money, the latest magnum opus from Richard Timberlake, the greatest historian of the dollar since his professor Milton Friedman. If you...
Don’t quite recall what happened in 1913? The Philadelphia Athletics’ World Series win that year didn’t make its mark? How about this, as I wrote in my book Econoclasts: For all one hears about, say, 1914, 1929, 1945,...
Wszyscy kojarzą, ekonomię podaży z cięciem podatków. Ale jest to tylko połowa recepty proponowanej przez Mundella, Laffera i innych ekonomistów podażowców. Od początku chodziło bowiem o wzmacnianie gospodarki...
“There’ll never be another Camelot,” said Mrs. John F. Kennedy forty-nine years ago this week, in the wake of her husband’s assassination in late autumn, 1963. “Camelot,” of Knights of the Round Table fame, was...
For a while there, it looked like the 2012 election was going to be a referendum on economic inequality. This would have been weird, in that economic growth and its twin, employment, are the clear issues of choice...
Forbes columnist extraordinaire Peter Ferrara was once kind enough to call my own Econoclasts “a brilliant, overlooked book.” I know another brilliant book that wasn’t overlooked when it came out last year (it was...
Here are some words we did not hear from Sen. Barack Obama as he campaigned for the presidency back in 2008, as the Great Recession gathered: “Now, I won’t pretend the path I’m offering is quick or easy. I never...