Commentaries
Lottocracy
[Wall Street Journal| August 31, 2007] Curtail the First Amendment? Why not just do away with elections?
Posted: Aug 31, 2007 | Research Topic: Monetary Policy
Moral Hazard at the Fed
[Dallas Morning News | August 23, 2007] With the recent credit crunch and drop in the markets, pundits criticized Fed Chairman Ben Bernanke for not taking action sooner. But there are reasons why the Fed is so reluctant to intervene in financial markets.
Posted: Aug 24, 2007 | Research Topic: Monetary Policy
Don't Dismiss Our Dismal Savings Rate
[The Wall Street Journal | July 17, 2007] The main fallacy in monetary theory and policy is the confusion of money and wealth. The bottom line is that real wealth has to be produced; it can't be printed.
Posted: Jul 18, 2007 | Research Topic: Monetary Policy
Dems Want You to Take a Hike
[The Wall Street Journal | May 24, 2007] The hottest domestic political issue of the coming two years will be federal income taxes.
Posted: Jun 22, 2007 | Research Topic: Monetary Policy
P=MV/Q
[The Wall Street Journal | January 23, 2007] While a weaker economy might well reduce inflation, that isn't a necessary condition. Faster growth can also reduce inflation.
Posted: Feb 09, 2007 | Research Topic: Monetary Policy
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