Will America manage a soft landing in 2024?
Could 2024 be a year unlike any in America’s post-war economic history? Never since 1945 has annual inflation, measured by the consumer-price index, fallen from above 5% to below 3% without a recession at the time of the fall or within the subsequent 18 months. Yet professional forecasters surveyed by the Federal Reserve Bank of […]
Has Europe Just Committed Suicide?
Europe has laid the groundwork for World War III and the destruction of Europe as a whole, all to save its failed fiscal management of the economy. Using the Ukrainian war that the West instigated by promising democratic elections to the Donbas in BAD FAITH just for being Russian, the European Union Council adopted a 12th […]
Discrimination is Costly. Is it Costly Enough?
As capitalism falls in popularity among the younger generations, the opinion that free markets incentivize discrimination has become more common. Issues such as the racial and gender earnings gap and callback discrimination against black Americans are highlighted as proof of this conclusion. So, is American capitalism moral? Do markets encourage or punish discrimination? What is […]
Is Protectionism a Dead Letter?
TL/DR: Not quite, but it’s getting there. Starting in 2016, protectionism (that is, using tariffs or other restrictions on international trade to “protect” domestic industries) came back in vogue. This trend was supercharged during the COVID-19 pandemic as lockdowns and price controls led to shortages of many goods. Protectionists pointed to these shortages as proof […]
