From an interview with Professor Jeffrey Herbener : AEN: You’ve done some interesting work on that great diversion, the Phillips Curve. HERBENER: A professor of mine used to say that the Phillips Curve is a… Read More
Search Results for: inflation
I Stand Corrected: I Have Found the Worst Article of 2013
In terms of sheer incomprehension, begging the question, unstated assumptions, gratuitous nastiness, and overall ignorance, I’m not sure we’re going to beat this piece by Christopher Maloney (who among other things still lives in the… Read More
It Is Too Hard to Decide on Worst Article of the Year
Just when I think I have it nailed down, another one comes along. The American Enterprise Institute’s James Pethokoukis has outdone himself with “ Why Do Rand Paul and Obama Distrust the Free Market So Much? ” (Thanks to Norm Singleton for… Read More
Monetary Policy Is Easy, Says Yglesias
Here’s the deep thinking that got Matt Yglesias where he is today: Bernanke is making monetary policy seem hard, but it should be easy: Looser money when inflation is low,… Read More
Half of College Grads Working Jobs That Don’t Require Degrees
Over on Rob Port’s blog , we get confirmation of what we’ve been hearing anecdotally: according to the BLS, 48% of recent college graduates are in jobs requiring less than a four-year degree.… Read More
The Greenbackers’ Fake Quote Industry
The end-the-Fed movement is the natural outgrowth of free-market economics. The Federal Reserve is a government-created institution with government-granted monopoly privileges. Its interventions into the economy give rise to the… Read More
Keynesian Joe Weisenthal Goes Berserk Against Austrians
Robert Wenzel destroys him , of course. Weisenthal tweeted that all the proof you need that the Austrians are a “cult” is that they have invented “their own language.” His evidence? Austrians define inflation… Read More
Herbert Hoover a Model for Economic Recovery, Says Japanese Leader
Well, he doesn’t come out and say so, but actions speak louder than words. We read that Prime Minister Shinzo Abe “urged Japan’s business leaders Tuesday to raise wages for employees, saying the move… Read More
Fever Cure: Forcing Down the Mercury in Your Thermometer
Argentina has just announced a two-month price freeze on grocery products in order to fight inflation. (Thanks to Travis Holte.)
Universities Feeling the Squeeze
Speaking of institutions undergoing changes , a new report finds that “nearly half of colleges and universities that responded expected enrollment declines for full-time students, and a third of the schools expected tuition revenue to… Read More
