The Phillips Curve Is an Economic Fable
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.
Inflation
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Ready for Retirement? Fewer and Fewer Americans Are Saving for That Time
Because of inflation and a lack of a savings ethic, Americans are less prepared for retirement than ever. The numbers are discouraging.
We Are All Counterfeiters Now
Get beyond the PhDs running the Federal Reserve or the way people treat the Fed with deference. In the end, it is nothing but a legal counterfeiting ring.
On the Complementarity of the Austrian and Monetarist Traditions
At least some Chicago school economists are indeed open to a genuine free market in money, says Karl-Friedrich Israel in his reply to Salin. But Chicago’s instrumentalism presents a problem.
The Monetary Economics of the Austrian School and the Chicago School
Pascal Salin thinks of the monetary economics of the Austrian and Chicago schools as modern versions of the classical price specie flow theory, and suggests reconciliations between the two.
A Note on Money Neutrality
Carmen Dorobăț comments on Pascal Salin’s efforts to reconcile the Chicago School and the Austrian School, and suggests that such a reconciliation between the two traditions is impossible.
Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High
We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse.
The Price-Gouging State
Politicians and the media are blaming businesses for inflation when, in fact, the skyrocketing prices of nearly everything have a government stamp on them.
