My Weekly Reading, January 28, 2024
Aaron Brown, Reason, January 23, 2024 Excerpt: Desmond gets more specific about what doesn’t cause poverty. He dismisses cultural explanations, such as single-parent households and declining marriage rates. He quickly dismisses the idea that the welfare state traps people in cycles of dependency, claiming that these arguments rely on anecdotal evidence, even though there’s a […]
Your pay is still going up too fast
Central bankers are entering the final stretch of their quest to defeat inflation. Rich-world prices are rising by 5.4% year on year, down from a peak of 10.7% in October 2022. Although it is impressive progress, the last part of the quest—getting inflation from 5.4% to central banks’ targets of around 2%—could be the hardest. […]
