Why is an inversion of the yield curve is indicative of a recession? It stems in part from the fact that both recessions and yield curve inversion follow sizable slowing in monetary inflation.
Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.
People still come to America, but it is because of the foundation created by private enterprise, not because of progressive politics.
More than forty years ago, California voters enthusiastically passed Proposition 13, which limited property tax hikes. Politicians have been lying about it ever since.
War dissenters are branded "Putinists" by the foreign policy elites who casually flirt with nuclear war. But preferring negotiations to World War III hardly makes one a Putin sympathizer.
Murray Rothbard understood that law can be a moral force only insofar as those living under the law reflect their own moral judgments.
Progressives like Robert Reich now claim that there is no inflation, just businesses arbitrarily raising prices so they can increase profits. Such claims do not pass the test of economic logic.
We cannot compare the subjective values of different people, as their experienced satisfactions are personal. It is nonsense to say that Adam likes pears 20 percent more than Beth likes pears.
The control of money is extremely convenient to governments, especially to have their own central bank to buy their debt when they are out of money.
Law Professor David Bernstein looks at the system of racial classifications in the USA and explains why they have been harmful.
