Key experts inside of the Federal Reserve fear inflation will be exceed the benchmark 2 percent “core” inflation rate — a number that excludes highly variable prices for goods such as food and energy.
Richard A. Epstein is a professor at the New York University School of Law, a senior fellow at the Hoover Institution and a distinguished service professor of law emeritus and senior lecturer at the University of Chicago. His Review-Journal column appears monthly.
Seeking major reforms with wafer thin majorities is risky business.
His leftward lurch spells national trouble
Anyone who takes a close look at the death tolls from the coronavirus cannot fail to be struck by an anomaly.
No grand economic solution is able to handle the obvious slowdown in current operations.
The growth of national debt seems to be largely independent of which party is in power, even as the two parties have some difference in priorities.
Competitive markets outperform well-intentioned government interventions.
Democrat’s plans likely to trigger a worldwide recession.
Hard-left policies won’t be good for growth.
And it would do little to address global warming.
As Neil Armstrong reported, the Eagle had indeed landed on the moon, with one small step for man and one large leap for mankind. Here are two takeaways from this brief personal anecdote.