After eight years of extremely loose monetary policy, the economy is great again and we are to enter into a post-stimulative era of monetary policy. So said Yellen at a recent discussion at the University of Michigan. In her words, the Fed had given the economy all the “oomph [they] possibly could” and it was time to “allow” the economy to coast along.
The late Murray Rothbard thought war and peace was the most important libertarian issue. He argued that war was justified only in response to a direct attack. Interventions abroad to advance supposed American interests or values serve only to advance the power of the Leviathan State and ought to be entirely rejected. By this measure, US foreign policy in the 20th and early 21st centuries has been a disaster. Interventionism, nation building, and wars of choice have caused enormous damage and increased the State’s power, just as Rothbard foresaw. Last weekend, Dr.
In February, David Stockman pointed out that the Trump administration appears none too interested in addressing many of the economic issues that Trump claimed would be at the center of his administration. Instead, Stockman noted, Trump spent all his time obsessing over his travel ban — which he still can’t get beyond the courts — and other non-economic issues. Stockman noted:
One of the great Federal Reserve scandals in recent history seemed to resolve itself last week as Jeffrey Lacker of the Richmond Fed resigned for his role in the Medley Leak.
As a presidential candidate, Donald Trump promised to renegotiate international trade agreements such as NAFTA and to withdraw from the Trans-Pacific Partnership. While Trump’s views on international trade are murky, two things seem clear.
United Airlines managed to provoke a firestorm of opposition over the weekend when the airline overbooked one of its flights and resorted to removing at least one passenger by smashing his face and physically dragging him off the plane.
