I was contacted by a friend asking me if I still had any thoughts regarding the financial markets since I pretty much stepped back from commenting on them any longer. For those of you that might want to know what I replied, here’s the gist of it. Regarding markets: My last post titled “That Moment”…
Originally published at American Thinker™ July 23, 2026 AI Doesn’t Threaten Work. It Threatens the Relationship Between Productivity and Prosperity.The conversation surrounding artificial intelligence has become strangely narrow. It revolves almost entirely around one question: will AI eliminate jobs? That is certainly an important question. It is also the wrong one. Employment has never been…
After years of treating monetary aggregates as background noise, policymakers are once again considering whether measures like M1 and M2 should play a larger role in forecasting inflation. That reconsideration is overdue. It is also incomplete. The Fed’s failure during 2020 and 2021 was not simply that it ignored the expansion of money. It was…
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