Last week, the Federal Reserve released Welcoming Remarks, as part of a Fed Listens event held in Atlanta. The stated purpose of this initiative was to gather insights from select members of the community regarding economic concerns.

Governor Michelle W. Bowman admits many are struggling on Main Street:

In all the media and regime frenzy over the Janaury 6 riots and the Pentagon Leaker in recent months, it is interesting to examine the contrast between how the regime treats “crimes” against its own interests, and real crime committed against ordinary private citizens. 

Abstract: In response to the COVID-19 lockdown policies, Guerrieri et al. (2020) developed a new concept: the Keynesian supply shock. A Keynesian supply shock is an aggregate supply shock that leads to an even larger aggregate demand shock. This paper suggests that Keynesian supply shocks are very similar to the secondary deflations suggested by Hayek (1931), and US data from the 2007–09 financial crisis show that these concepts may help to explain employment dynamics in the midst of a crisis.

According to the American Medical Association, “Physician burnout is a long-term stress reaction which can include the following:

People cavil much about Ricardo’s law of association, better known under the name law of comparative cost. The reason is obvious. This law is an offense to all those eager to justify protection and national economic isolation from any point of view other than the selfish interests of some producers or the issues of war-preparedness.

—Ludwig von Mises, Human Action

Capitalism—Its Nature and Its Replacement: Buddhist and Marxist Insights
by Graham Priest
Routledge, 2021; 312 pp.

New from the Journal of Libertarian Studies: