The “gas-prices excuse” for inflation will evaporate, and that will be the key test for central banks. The “supply chain excuse” has already disappeared, as has the "transient inflation" claim.
By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?
University of Chicago professor Martha C. Nussbaum wants to save the world by preventing animals from eating each other in the wild. David Gordon (after pulling himself off the floor) comments on her proposal.
