Breaking Up is Hard to Do: US Monetary Policy and the World
The worldwide recession induced by COVID-19 pandemic has caused enormous misery across the world. It was the worst recession the world has seen since World War 2 and caused a 3.4% drop in global GDP just in 2020. A surface level analysis implies that the COVID recession was caused only because of the drastic measures, […]
Whipped Inflation Now | AIER
With inflation now much lower than it was a year ago, many pundits are considering where the Federal Reserve should go from here. Nick Timiraos surveys three options in the Wall Street Journal: Option 1: Fed officials can raise rates higher to bring inflation down to 2 percent quickly. Option 2: Fed officials can hold […]
Spooner and De Jasay about Trump’s Indictement
What is the state (“government”)? The current prosecutions of a former statocrat-in-chief* offer multiple opportunities to raise the question. A declaration by a lawyer about how Donald Trump’s co-defendants could challenge the use of Georgia’s RICO law is especially interesting. The Wall Street Journal reports (“How Donald Trump Could Attack Georgia RICO Prosecution,” August 25, […]
2:00PM Water Cooler 8/25/2023 | naked capitalism
By Lambert Strether of Corrente. Patient readers, I’m sorry I’m a bit light on Covid today, but I’m pressed temporally. –lambert Bird Song of the Day Black-throated Wren-Babbler, Danum Valley Field Centre (DVFC), Sabah, Malaysia. “A bird singing.” * * * Politics “So many of the social reactions that strike us as psychological are in […]
