First They Came for the Op-Ed Writers

On March 25, six masked federal agents seized a Turkish graduate student on the streets of Somerville, Massachusetts. Rumeysa Ozturk—who was wearing a hajib—is a Fulbright scholar working on a doctorate at Tufts University.

She was abducted and vanished into the maw of the federal prison system. The Trump administration ignored a federal court order and took Ozturk from Massachusetts to Louisiana federal detention facilities.

Do Inflationary Expectations Cause General Increases in Prices?

Many believe the key cause to a general increase in prices are so-called “inflationary expectations.” For instance, if there is a large increase in the prices of oil, individuals will start forming expectations for higher inflation ahead. Consequently, individuals will speed up their purchases of goods and services at present, thereby raising the demand for goods and services, all other things being equal. This is supposed to set in motion general price increases.

Warren Buffett Gets It Wrong

Berkshire Hathaway—the investment holding company run by Warren Buffett for the last sixty years—released its much-awaited annual report in late February. In the report, Buffett himself delved into the topic of capitalism and America’s relationship thereto. Early in the preamble to the report, Buffett hints at the connection between inflation and government malfeasance: