The Producer Price Index
Even Though They Are in Long-Term Decline, Labor Unions Still Threaten the Economy
Recently, anyone who pays attention to current events has been assaulted with the news that both the Hollywood actors’ and writers’ unions are striking simultaneously for the first time since 1960. Workers for UPS also recently reached a deal with their employer after threats of a nationwide strike by the Teamsters union.
The Central Bank Policy Interest Rate vs the Natural Rate
According to many commentators, the Fed’s monetary policy, which aims at price stability, is the key factor in attaining stable economic growth. They claim that what prevents the attainment of price stability are fluctuations in the federal funds rate relative to the neutral interest rate, also known as the natural interest rate. Under this view, since the natural interest rate is consistent with stable prices and a balanced economy, Fed policymakers should steer the federal funds rate toward it.
Dollarization in Argentina Will Not Promote Freedom
Javier Milei’s sensational performance in the Argentinean presidential election primary confirms the very real possibility that an anarchocapitalist who quotes Rothbard and Mises could become Argentina’s next president. If elected, there is little doubt that Milei will implement proposals aimed at profoundly reshaping Argentina’s economy along free market lines. Unfortunately, a controversial idea to fully dollarize the Argentinean economy seems to have become his signature policy. This is at odds with the rest of his platform.
It’s Time for Some Debt and Entitlement Alarmism
Polls consistently show that climate change is a leading issue for young Americans. Millennials and Generation Z have been coached on climate arguments—and in most cases outright climate alarmism—in school and by the media, leaving them convinced that carbon-based energy has ruined their future on the planet.
Chess, Trans Athletes, and Free Markets in Sports
Transgender athletes are becoming increasingly more common in athletic competitions, and this has spurred a great deal of criticism from the right side of the political aisle. Their argument is simple: men have a distinct advantage when it comes to sports.
Haiti May Have Won Independence, But It Is Not Independent of Chaos and Poverty
Haiti is engulfed by an ongoing political crisis and the world is desperately awaiting solutions to ease a turbulent political atmosphere. Her neighbors in the Caribbean are being implored by the international community to propose measures that will avert further calamities. Working to contain the crisis in Haiti benefits Caribbean countries because Haiti’s instability can lead to regional turmoil. Moreover, the appetite for refugee status in neighboring Caribbean countries will surely strain local budgets and embolden nationalist sentiments.
The Imperial Russian Regime was Neither “Great” nor “Enlightened”
Pope Francis made headlines last week when he described the Russian Empire as “enlightened” and invoked the names of two expansionist Russian czars as examples of Russia’s “great culture.” In impromptu remarks, Francis said to a group of Russian Catholics, “You are the heirs of the great Russia: the great Russia of saints, of kings, the great Russia of Peter the Great, of Catherine II, of that great, enlightened Russian empire, of great culture and great humanity.”