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What goes down must come up…

Michael Hatcher and Patrick Minford have a post titled, Inflation targeting vs price-level targeting: A new survey of theory and empirics. They tell us that Price level targeting may be…

Stocks are shaky

…production news. Today we read from Bloomberg. “The primary sentiment right now is cautious and nervous,” Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc.,…

Mukasy V US Constitution

Former attorney general Michael Mukasy said “”Whether you impeach somebody doesn’t depend on whether they violate the law,” Mukasey said. “”The president can stay within his lawful powers and still…