Author Archives: radiofreemarket

My letter to the WSJ re: Inflation is NOT rising prices

Re: The Federal Reserve is Flying Blind on Inflation by Andy Kessler Dear Sirs: What the WSJ and every mainstream economist in the nation refers to as “inflation” is merely an increase in prices. The only true inflation is inflation of the … Continue reading

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The Fed as Counterfeiter

Counterfeiting Money Is a Crime, Whether by the Fed or A Private Individual  by Patrick Barron A few years ago, shortly after the 2008 subprime lending disaster, the Fed sent a public relations team around the country to conduct supposedly … Continue reading

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The Implications of a “Hard Brexit” on Britain

When Britons voted on June 23, 2016 on whether or not to leave the EU there was no discussion of a “hard or soft Brexit”. These terms were invented after Brexit passed by a surprisingly large margin and the mostly … Continue reading

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My letter to the NY Times re: Taxing both workers and robots out of existence

Re: Don’t Fight the Robots, Tax Them, by Eduardo Porter Dear Sirs: I suppose we should be pleased that Mr. Porter is a Luddite-lite; i.e., he doesn’t want to smash new machinery out of existence but use the tax code to … Continue reading

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My letter to the NY Times re: “Then came the global financial crisis”

Re: How America Learned to Stop Worrying and Love Deficits and Debt by Neil Irwin Dear Sirs: Reading Mr. Irwin’s Doctor Strangelove-esque article about whether or not deficits really matter, I was struck by this sentence, which was a paragraph in itself … Continue reading

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My letter to the NY Times re: Ireland needs free trade, too.

Re: Amid Brexit Strains, Anglo-Irish Relations Are “Fraying” Dear Sirs: This phrase in Mr. de Freytas-Tamura’s article about Irish concern over Brexit should be instructive to Irish statesmen: “But food producers worry most that if Britain crashes out of Europe, it would … Continue reading

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My letter to the NY Times re: Increasing the Minimum Wage Will Increase Unemployment

Re: Dollars on the Margin by Matthew Desmond Dears Sirs: Has Mr. Desmond, author of “Dollars on the Margin”, never heard of the “Marginal Productivity of Labor”? How about the “Laws of Supply and Demand”? No? Well, let me explain. If the … Continue reading

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The Truth About Central Banks

Most of the world takes it for granted that central banks are necessary for the smooth conduct of trade, both foreign and domestic. Nothing could be further from the truth. Let’s be clear. Central banks are unnecessary barriers to commerce, … Continue reading

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My letter to the NY Times re: How to Eliminate Scandals Over Subsidies

Re: Scandal Around Billionaire Prime Minister Leaves Czechs in Limbo Dear Sirs: I have a sure fire way not only to minimize but completely eliminate scandals over government subsidies. Eliminate the subsidies! You are welcome, Patrick Barron

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A friend asks why there were no more Paul Volckers at the Fed

Dear XXXXX, You ask, where is a Volcker-like Fed chairman today? The answer is that no president would appoint one and no government really wants one! Governments want easy money and will appoint only a Fed chairman who will succumb … Continue reading

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