Week in Review: June 3, 2017
Political agendas like the Paris Agreement must take into account costs, benefits, and economic reality. "Science" doesn't dictate good policy.
Mises Wire
Trump Fed Nominees
Trump has chosen nominees for two of the three open Fed board positions: Randal K. Quarles and Marvin Goodfriend.
The Cultural Consequences of the Federal Reserve
Our inflation and debt-based system encourages our society to adopt a short-term perspective.
Studying the Climate Doesn’t Make You an Expert on Economics and Politics
One need not have any opinion about climate science at all to see that the Paris Climate Agreement relies on very bad planning and very bad economics.
To Lower Health Care Costs, Try Freedom
Prices have fallen in many areas of healthcare that are reliant on cash transactions and more market competition.
Beyond the Failure to Hit 2% Inflation
According to the Fed's preferred measure of rising prices, it has failed to hit it's 2% price inflation target. Enter “flexible price-level targeting.”
Why Do Half-Measures Work for Markets, But Not for Socialism?
Socialists tell us that socialism won't work unless it's total and pure. Fortunately, even partial and halfway pro-market reforms work quite well.
Capitalism Is About Working Less to Earn More
If working is the price we pay to obtain things we want, then economic progress means decreasing this price thanks to continued productivity growth.
Robert Shiller Is Shilling for the State
For economist Robert Shiller, housing bubbles result from too little government regulation.
John Williams: Longer Term Economic Challenges
John Williams thinks multiple rate hikes are fine this year, but has some concerns about the slowing growth of the economy long term.
