Mayor “Kane” Questions Lockdown after “Utterly Shocking” Suicide Spike

Knox County mayor Glenn Jacobs, known worldwide as Kane, recorded a heartfelt video message for his constituents after eight of them committed suicide within forty-eight hours. His sober take on the human cost of the COVID-19 lockdown is too rare in today’s politics.

The coronavirus crisis and the government’s response are not going away anytime soon. Every day that is becoming clearer.

Rothbard on Why We Need Entrepreneurs

In his Man, Economy, and State, Murray N. Rothbard investigates not only the role of the capitalist but also that of the entrepreneur in a market economy. Rothbard uses the theoretical concept of the evenly rotating economy (ERE) to compare the role of the capitalist to that of the entrepreneur. Entrepreneurs earn profits in so far as they successfully correct the maladjustments in the real economy and move it closer to the ERE without ever attaining that state.

A Parable for Our Time

One of my fondest books as a child was Doctor at Timberline, by Charles Fox Gardiner. Gardiner was a doctor early in the settlement of western Colorado in the nineteenth century. Each chapter of the book is a self-contained story of his experiences tending to the ailments of mostly men in mining towns, ranches, and lonely cabins high in the Rockies.

Even If the Fed Keeps Pumping Money, We May Still See Deflation

So far in March, the data indicates that the yearly growth rate of our measure for US money supply (as measured by the AMS metric) stood at 10.5 percent against 6.6 percent in February and 1.7 percent in March last year.

Given that the Fed is busy throwing money at the economy as if there were no tomorrow, it is tempting to suggest that the momentum of the AMS is likely to increase further and that consequently runaway inflation could emerge in no time.

Michael Gyekye lives in Ghana and blogs on Africa-related issues.