HOW BIDEN'S ECONOMICS WILL DOOM HIS PRESIDENCY

The ECB’s Dilemma
John Cochrane, The Grumpy Economist
 
Industrial Policy Is Unwise But Not Impossible
Alexander William Salter, National Review

City Journal’s Eric Kober critiques the proposal for reducing the viability of mixed-income housing while implementing and maintaining economically inefficient policies.

Reverse Repurchases Soar Amidst Pandemic
Allison Schrager, E21

Since 2008 the Fed changed how it conducted monetary policy. It started paying interest on reserves and did more reverse repurchase agreements. This is when the Fed sells a security to an eligible party (often financial institutions that do not have a reserve account at the Fed) with the agreement to buy it back the next day for a different price. Read more here.... 

Inflation: What Next?
by David R. Henderson

ALLISON SCHRAGER
Course Correction?
The Federal Reserve has announced a tighter monetary policy, but its stance remains accommodative.

A False Choice
Biden’s top labor economist suggests a trade-off between inflation and employment.

The Rising Tide of Government Transfer Payments
Joseph Sullivan, National Review
 
Fed’s Infighting Shows Lack of Answers About Inflation
Brian Chappatta, Bloomberg
 
Connecting the Dots in China
Stephen Roach, Project Syndicate

James Capretta  assesses the fiscal risks of the Build Back Better plan, and  Phil Gramm and Mike Solon  contemplate the return of stagflation. ​

It’s time for a budget policy U-turn
Desmond Lachman | The Hill

Migration, Islam, and Western Atonement
An Interview  Eesti Päevaleht (Estonia) (pdf)
December 13, 2021
https://www.danielpipes.org/20883/the-west-tries-to-atone-for-its-great-sins