- The challenges of lending to Main Street George Selgin, Alt-M
- What Sweden has done right on Coronavirus Joakim Book, AEIR
- The State Has Seized Many New Powers. It Won’t Let Go of Them Easily. Andrei Znamenski, Mises Wire
- When disease comes, rulers grab power Anne Applebaum, Atlantic
- Bernie, Cuba, literary, and ill-gotten gains Irfan Khawaja, Policy of Truth
- The weird global coronavirus data Scott Sumner, EconLog
- Why the Fed shouldn’t “Do Nothing” George Selgin, Alt-M
- Corporatism (“anarchy”) on the Indian subcontinent Priya Satia, LARB
This widespread financial vulnerability seems a natural result of government policies that minimize interest rates and support monetary inflation as the Federal Reserve and other central banks have continued to do in recent decades. There is little incentive to save money when it offers no significant return and its value is inflated away. Governments that cling to such policies are imposing dependence upon their citizens, forcing them in essence to live hand to mouth, deprived of the ability to provide for their own futures.
Jack paints a pretty gloom picture of the U.S. economy. Does this square with what economists have been telling us about the state of the world? Please, read the whole essay, and if you have been thinking about writing for the public in 2020, give us a holler. We’d be happy to put your thoughts up for the whole world to read.
- Who betrayed Syria’s Kurds? Amberin Zaman, Al-Monitor
- How the Physiocrats confronted France’s empire (Smithian-Misesian-Hayekian federation) Pernille Røge, Age of Revolutions
- Strange respect for central banks Scott Sumner, MoneyIllusion
- This is just the beginning of Brexit Tom McTague, the Atlantic