Post-Mugabe Zimbabwe Still Faces a Host of Economic Problems
The death of Robert Mugabe on September 6, 2019, reignited conversations about the future of Zimbabwe. Economist Steve Hanke recently estimated that Zimbabwe’s inflation was at 605 percent, indicating the country is still in a precarious economic situation.
Conservatives Are Increasingly Wrong about Market Freedom
Capitalism creates poverty. Capitalism has stolen our future. Capitalism ravages the planet. Capitalism oppresses us. Capitalism needs to be controlled by government or it will throw most of us into poverty and misery and enrich only the well-placed few.
Money Supply Growth Surged to a 33-Month High in November
The money supply growth rate surged in November, climbing to a 33-month high. The last time the growth rate was higher was during February of 2017, when the growth rate was 7.06 percent.
War Has Become Another Frivolous Partisan Issue
The world continues to process last week’s missile strike killing of Iranian general Qassem Soleimani as President Donald Trump continues to rattle his favorite saber, Twitter, against threats of Iranian retaliation. Already the international response to Trump’s military escalation, a decision categorized as “the most extreme response” by American military officials, has been strong.
Draft Concerns Crashed the Selective Service Site
Last week after the military drone strike in Iraq, an influx of young people went to the Selective Service website to find information about the draft. So much so that the draft website reportedly crashed from the surge.
Negative Inflation Targeting: A Proposal of a Non-Distortionary Monetary Policy
Abstract: This paper aims to propose a non-distortionary monetary policy objective consistent with the Austrian business cycle theory. Since the price level should fall in the growing economy in the Hayekian framework, introduction of a negative inflation target combined with the Taylor rule is suggested as a non-distortionary monetary policy. To keep the money stream stable, the optimal inflation target would be equal to the opposite of the growth rate of the economy.
Why I Don’t Trust Trump on Iran
President Trump and his secretary of state, Mike Pompeo, told us the US had to assassinate Major General Qassim Soleimani last week because he was planning “imminent attacks” on US citizens. I don’t believe them.
“Closing the Gender Gap” at Any Cost Threatens the Academic Integrity of STEM Education
The National Bureau of Economic Research recently published a study which concluded that the grading policies for STEM classes contribute to the gender gap in the STEM field.
The study finds that STEM classes, on average, assign lower grades compared to non-STEM classes and that this tends to deter women enrolling. Women — who value higher grades more than men — are apparently put off by the lower average grades in STEM subjects. This is despite the fact that “women have higher grades in both STEM and non-STEM classes,” according to the study.