The Duel Over the FED’s Dual Mandate
Given the opposing views of the potentially parsimonious new Congress and the continuously accommodative Federal Reserve, there is a movement afoot among Republicans to eliminate the Fed’s “dual mandate.” Prior to 1977, the Fed only had one job:...My TSA Encounter
This past Sunday, I was returning from a trip to Europe. I flew from Paris to Cincinnati, landing in Cincinnati/Northern Kentucky International Airport. As I got off my flight, I did all of the things that are normally requested from U.S. citizens...Does the Fed Create Money?
Certain deflationists have recently gone on record saying that the increase in the Fed’s balance sheet is meaningless with regard to creating inflation because our central bank can’t print money, it can only create bank reserves. The problem with their...TSA and Terrorism Denial Syndrome
Once again, we’re hearing complaints about the Transportation Safety Administration (TSA) and its handling of citizens at airports. The issue always boils down to, “Which is more important? Freedom, or safety?” This is a question that only a moron...Raising Taxes Is Not Reducing Government Spending
The basis of tax reform must be reduced government spending, not higher taxes.
