At the moment, post-pandemic America is drunk on credit—but the piper will soon demand his pay. And then comes: recession, the inevitable way...

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May 16, 2023 • Weekly Newsletter
America is Drunk on Credit—and Polarized Politics Complicate the Fed’s Unenviable Challenge of Ending Easy Money ([link removed])
Alvaro Vargas Llosa (Fortune)
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At the moment, post-pandemic America is drunk on credit—but the piper will soon demand his pay. And then comes: recession, the inevitable way economies purge excesses and get back on track. Who’s ready for the pain? READ MORE » ([link removed])
The Midas Paradox ([link removed])
Financial Markets, Government Policy Shocks, and the Great Depression ([link removed])
By Scott Sumner
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China Holds All the Cards in the Great Green Energy Game ([link removed])
Steve H. Hanke, Adrien Yataco-Chatain (Daily Caller)
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Back in 1987, Deng Xiaoping asserted that “the Middle East has oil; China has rare earths.” China is tightening its chokehold on the dissemination of those materials. Whither then, green energy, which depends on them? READ MORE » ([link removed])
Re-Thinking Green ([link removed])
Alternatives to Environmental Bureaucracy ([link removed])
Edited by Robert Higgs, Carl P. Close
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The Supreme Court Should Review and Enjoin the Illinois Gun Ban ([link removed])
Stephen P. Halbrook (Reason's Volokh Conspiracy)
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Following Bruen, last year’s landmark gun-rights case, several lower courts have been getting it right. Others, however, have retained an air of defiance to the Supreme Court. It needs to step in and stop the nonsense. READ MORE » ([link removed])
The Founders’ Second Amendment ([link removed])
Origins of the Right to Bear Arms ([link removed])
By Stephen P. Halbrook
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Fed Expands its Span of Control over U.S. Banks ([link removed])
William F. Shughart II
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What does the failure of First Republic Bank and its government-ordered rescue by JP Morgan Chase portend? A landscape littered with more failed banks—and lots of rescued bankers battening on taxpayer dollars. How do we prevent this? (Let the author hear your thoughts!) READ MORE » ([link removed])
Political Affiliations of Federal Reserve Economists ([link removed])
The Independent Review, Fall 2022
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The Latest from The Beacon
* The Growing Burden of Old National Debt ([link removed]) , by Craig Eyermann
* Why Aim for 2% Inflation? ([link removed]) , by Randall G. Holcombe
* CBO Puts Full Price Tag on Biden Student Loan Relief Scheme ([link removed]) , by Craig Eyermann
* Is Inflation Slowing? A Look Ahead ([link removed]) , by Randall G. Holcombe

The Latest from Catalyst
* The Moral Lesson in ‘Office Space’ Everyone Misses ([link removed]) , by Jon Miltimore
* Fed Expands its Span of Control over U.S. Banks ([link removed]) , by William F. Shughart II
* What Mexico City Can Teach the U.S. About Parklets ([link removed]) , by Scott Beyer


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David J. Theroux Chair in Political Economy. Independent Institute welcomes nominations and applications for the David J. Theroux Chair in Political Economy, named in honor of the late founder of Independent. The holder of the chair ensures that all research activities have intrinsic intellectual merit in the service of Independent’s mission. READ MORE » ([link removed])

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