Tag Archive

The Problem with Price Controls

Published on November 24, 2024 By sirrahc

“Price-fixing always does harm and it is never a cure for inflation.” — Hazlitt & Wesbury In May 1972, the first issue of Imprimis featured an article (“The Dangers of Price Controls”) by Henry Hazlitt, the noted author/journalist on matters of business and economics. The Federal Reserve had been printing a lot of money to […]

The Cult of the Expert

Published on August 18, 2024 By sirrahc

“The idea that monetary policy is politically neutral is a convenient fiction rather than a reflection of reality.” — Stephen D. King, British economist and journalist One of the books I began reading recently is Ruler of Kings: Toward a Christian Vision of Government by Joseph Boot. Dr. Boot is a cultural theologian, leading Christian […]

Biden Administration = Big Fail!

Published on March 24, 2024 By sirrahc

“That’s not the resume of a ‘uniter in chief.’” — Jarrett Stepman, columnist for The Daily Signal and author of The War on History: The Conspiracy to Rewrite America’s Past What do you consider to be the biggest failures of the Biden administration (or, as some prefer, “Biden regime”), so far? Earlier this month, in […]

The “Wonders” of the Biden Economy

Published on June 4, 2023 By sirrahc

“Although the pandemic recession was the shortest recession on record, the economic chaos it created was incredible.” — Andrew F. Puzder, businessman and author This week I present an excerpt from a recent talk given by Andrew F. Puzder at a Hillsdale College National Leadership Seminar. If, like me, you are not familiar with Puzder, […]

A Budget Blueprint Better Than Biden’s

Published on October 16, 2022 By sirrahc

“[T]he Biden administration imagines its budget will produce low inflation, steady growth, and low unemployment, when in reality, the opposite would be likely.” — Matthew Dickerson et al., The Heritage Foundation The House Budget Committee voted last month to pass Biden’s budget — a $3.5 trillion spending bill, which does not include the separate $1 […]

A (Very) Brief History of Inflation in America

Published on March 27, 2022 By sirrahc

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” — Milton Friedman, Nobel Prize-winning economist Thanks primarily to bad governmental policy, Americans have noticed their hard-earned dollars are buying noticeably less these […]