Examining Slavery through Real History Practices common in one era become taboo, thankfully, in another
It is a safe bet that everyone reading this column had an ancestor who was either a slave or slaveholder. It is also no coincidence that the effort to abolish slavery on a sustained and global basis did not occur until after the advent of the industrial revolution....read more
The Price-Level Dilemma The Fed has reached a dead end in its ability to influence the inflation rate
Is more inflation desirable? Those at the Federal Reserve seem to think so, and they have explicitly said their target is 2 percent, or about double the current level. Why would they argue for a further erosion of the purchasing power of the dollar? It is on the...read more
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