Inflation — Fighting the Last War

pat-toomey-wide

Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.

To Mitigate Economic Armageddon

F-22 Raptor

To really put a dent in the $1.2 trillion dollar deficit, the U.S. must end the counterproductive wars in Afghanistan and Iraq and, instead of bringing the forces home, simply dismantle them.

Laissez-Faire Economics? It’s a Code Word for One-Sided Interventions

Milton Friedman

As he refines his economic message on the campaign trail this summer, Republican John McCain has made it clear that, previous positions notwithstanding, he has now embraced the Republican economic orthodoxy: eliminate regulation, cut taxes on corporations and the wealthy, and the free and unfettered market will take care of everything. This economic formula was [...]

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