My friend and monetary theory teacher (of me) Jeff Hummel writes beautiful responses to various friends who comment on monetary issues. In a discussion of Tether, one of his friends quoted a source saying, “Tether is the third largest buyer of three-month US Treasuries and is projected to be the first next year. Tether now […]

Econlib Blog

06.12.2024

Wanna bet? - Econlib

Some bloggers take bets on the ideas they express in their writing. A few have been quite successful. I have chosen not to do so (thus far.) In some cases, those who refrain from betting are criticized for not having the courage of their convictions. I don’t believe that criticism is reasonable, and I’ll explain […]

Econlib Blog

06.12.2024

What Deindustrialization? - Econlib

Many critics of free trade argue that globalization has led to the US becoming deindustrialized; That is, trade is eroding our manufacturing base. Economists refute this claim by pointing to the fact that US industrial production is near the record highs set in 2018 or that the manufacturing component, while off the highs set in […]

Econlib Blog

06.12.2024

The Self-Government of the People - Econlib

Explaining his nomination of Russell Vought for the position of director of the Office of Management and Budget, President-elect Donald Trump wrote (“Donald Trump Picks Scott Bessent as Treasury Secretary,” Financial Times, November 23, 2024): Russ knows exactly how to dismantle the Deep State and end Weaponized Government, and he will help us return Self […]

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Jeff Hummel on Tether - Econlib

Wanna bet? - Econlib

What Deindustrialization? - Econlib

The Self-Government of the People - Econlib

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