From a nice paper by Charles Plosser with that catchy title. Yes, it's 10 years old, but the lesson is appropriate in today's hysteria. That dreaded deflationary spiral is always just around the corner.
For all the bold editorial statements, sympathy cartoons and demonstrations, most publications, left alone to themselves, will in future self-censor out of fear.
And so, of all the senators up for reelection in 2016, Barbara Boxer becomes to first domino to fall — the fourth-term California Democrat announcing Thursday that she’s headed for retirement.
David Cay Johnston has replied, in three lengthy comments (here, here, and here), to my post and other commenters' comments. I want to reply to what he said that challenges my statement that he is confusing poverty and income inequality, because that is the issue I addressed in my post.
The United States has the most potent military in terms of firepower and operational capacity in history. Our military overthrew Saddam Hussein and crushed the Taliban in a matter of weeks. Our forces can direct a rocket from Nevada through a window in Kandahar, Afghanistan, and nimbly set up nearly 20 Ebola treatment centers in Liberia.
Since President Richard Nixon met with Mao Zedong, the term “go to China” has been synonymous with a political leader who has an indisputable record on an issue moving against that issue without losing political standing. As a staunch anti-communist, only Nixon was able to open relations with the communist country.
FBI Director James Comey on Wednesday said the U.S. agency is working with French law enforcement to bring those responsible for the attack on satirical publication Charlie Hebdo to justice.
There are chilling similarities between the deadly Charlie Hebdo attack in Paris and the Boston Marathon bombings, with lessons to be drawn for law enforcement, terrorism experts say.
Insurance premiums will drop for FHA loans, which account for 15 percent of new mortgages. Lower-cost loans could help more Millennials enter the housing market, but some critics are concerned it could destabilize the housing market.
California Democratic Sen. Barbara Boxer’s departure from the Senate in 2016, announced Thursday, will conclude a 33-year congressional career defined by liberal causes and a buoyantly combative spirit.
The new Republican majority in Congress is expected to repeal the tax on medical devices, and a vote could come during January. A provision in the Patient Protection and Affordable Care Act (ACA) enacted a 2.3 percent excise tax on the manufacture and importation of medical equipment and supplies.
Readers plunging into Stephen Kotkin’s “Stalin: Paradoxes of Power” expecting a detailed dissection of the cobbler’s son and seminarian from Georgia who evolved into the monster called Stalin may be disconcerted to find that, as a boy called Iosif Dzhugashvili (Jughashvili in this book), he plays a relatively minor role in early chapters.
