The Latest Breaking News from Milton Friedman

At least we can treat the results of bad policy as case studies for what might otherwise have been dry lessons in economics and finance classes.

On Monday the Sveriges Riksbank prize (the Nobel Prize for Economics) was awarded to Ben Bernanke. We can trace the last century of American economics in his life's work. He's often described as the saviour of the last recession. But what about this one?

Just as the neoliberals took advantage of the mess of the 70s, so the left can offer its own radical solutions for today’s turmoil

Inflation needs a monetary response, whereas the energy crunch should be met with support for struggling households

Heritage Foundation report praises Florida, Arizona for big steps toward deregulating and privatizing schools

The Albanese government has something of an embarrassment of intellectual riches, with no less than three of its MPs holding PhDs in economics. Two of them, Andrew Charlton and Andrew Leigh, are also prolific authors with at least a dozen books between them.

The agencies responsible for macroeconomic policy have hitched their wagon to Anglo-American economics

"[P]olitics has no place in Kentucky's public pensions.... '[S]takeholder capitalism' and 'environmental, social, and governance' investment practices that introduce mixed motivations to investment decisions are inconsistent with Kentucky law governing fiduciary duties owed by investment management firms to Kentucky's public pension plans."

With the Bank of Canada announcing an oversized interest rate hike this week, it might seem like central banks are coming to rescue us from inflation once again. Yet while they did play an important role in mitigating a COVID-induced recession, central banks don’t have the power to solve our…

What Is Monetarism in Economics?Monetarism is a macroeconomic school of thought that gained popularity during the 1970s. Monetarist theory asserts that monetary supply (the amount of money in an economy) and the way it is managed via governmental monetary policy determines a nation’s economic ...

Excerpts from Reason's vaults