In part 1 of this series, we looked at a basic macro model of the forces of how supply and demand interact, which can lead to increased price levels. In part 2, we looked at how changes in the money supply can affect the price level. In this blog post, we’re going to think more […]
Archives
-
-
I was going to post part 3 of my inflation series, but since no one will read it in the aftermath of the big vote last night, I’ll delay that till tomorrow and instead offer a couple of thoughts on the election. First, the VA results alone are very encouraging, but remember Mr. McAuliffe was […]
-
Democrats Prepare to Own the Coming Inflation
25 Oct 2021
Contrary to the motivational speakers, if you want something bad enough, you’ll do bad things to get it, and get bad results. The Democratic Party is preparing to walk over the cliff with their tax and spend bill, and they will have no escape from the inflationary effects to follow. It won’t matter that this […]
-
In part 1, I walked us through the basic macro model of aggregate supply and aggregate demand to show that either increased demand or decreased supply, or both, could lead to higher prices. In this post, I want integrate money into the picture, since I agree with Milton Friedman’s famous dictum, “inflation is always and […]
-
Inflation as measured by the Consumer Price Index hit 5.4% year-over-year in September, which is over double what the Federal Reserve said is its goal (2%). There are increasing numbers of Fed critics joining your friendly neighborhood Bereans, most humorously by former Treasury Secretary Larry Summers: SYDNEY–Former U.S. Treasury Secretary Larry Summers has sounded alarm […]
-
Are you ready for your 401k to be cut in half?
10 Oct 2021
If you can’t stand the thought of your 401k being cut in half, then perhaps you ought not be in the stock market. It’s unfortunate, but the Federal Reserve has engineered asset prices to leave most investors with the Hobbesian choice of greatly overvalued stock and bond markets, or going with the money market opportunities […]
-
This Berean thinks so–so let me defend why. I was quite surprised when I heard the Biden Administration say that they had many Nobel economists* endorse the “Build Back Better” plan, but I was especially surprised that the Biden administration claimed these economists said the plan would ease inflationary pressures. I figured there had to […]
-
US Debt Increase: Without it must we default?
05 Oct 2021
One of the continuing tropes we see around every debt limit extension is: 1) if we don’t extend the debt we force the government into default, and 2) the U.S. has never defaulted on its debt, and finally 3) that would force the U.S. to pay much higher interest rates in the future. So let […]
-
How Equal are Women and Men?
27 Sep 2021
To say that Bereans are out of step with the times, and that we are, so to speak, “on the wrong side of history,” is axiomatic. We are not reflexively conservative, but we do begin with the premise that not everything that has gone on before is systematically wrong or evil. Indeed, we tend to […]
-
Democrats “cast off restraint”
23 Sep 2021
In 2015 I penned a post on Proverbs 29:18, commonly quoted as “Where there is no vision, the people perish.” Today I think it’s time to come back to that theme. In my original post, I argued that the common meaning from the KJV doesn’t capture the Bible’s intent, with the ESV (and NASB/NIV/NKJV) translation […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach