Tag: Council of Economic Advisers

There Is No Such Thing As Wage-Driven Inflation

Tina Marie (Ms. Cat)1 Comment

Few know the name of Walter Heller, one of the first Chairs of the Council of Economic Advisers, and an adviser to President Kennedy. In 1968, however, he was a giant in economics who published in all the top journals. Fresh from his years in the Kennedy White House, he was invited to debate the relative importance of fiscal and monetary policy with another giant in economics, Milton Friedman, in a small book published by W.W. Norton & Company. Rarely do such debates interest more than a few thousand individuals. This is an exception, as a decade later PBS invited Heller and Friedman to debate their views on inflation.

There Is No Such Thing As Wage-Driven Inflation

Related:

Debunking: “If You Raise The Minimum Wage, It Will Cause Inflation”

Book publishers just spent 3 weeks in court arguing they have no idea what they’re doing

Tina Marie (Ms. Cat)

On August 22, oral arguments ended in the Justice Department’s antitrust trial to block the book publisher Penguin Random House from merging with rival Simon & Schuster. The result of the trial, which is expected to be decided later this fall, will have a massive impact on both the multibillion-dollar book publishing industry and on how the government handles corporate consolidation going forward. Perhaps fittingly for a case with such high stakes, the trial was characterized by obfuscation and downright disinformation nearly the whole way through.

Book publishers just spent 3 weeks in court arguing they have no idea what they’re doing

Who will pay for Biden’s new “forever war”?

Tina Marie (Ms. Cat)

This week, the United States and its NATO allies pledged to increase their troop presence in Europe seven-fold, in order to prepare for what they called “warfighting against nuclear-armed peer-competitors”–that is, war against Russia and China.

Who will pay for Biden’s new “forever war”?

Related:

Glenn Hubbard’s WSJ Op-Ed: NATO Needs More Guns and Less Butter

Hubbard is a nonresident senior fellow at the right-wing think tank, American Enterprise Institute!