Become a Patron! Like anyone with a pulse, I've been following with interest the nationwide panic over so-called "labor shortages," supposedly popping up everywhere from grocery stores to restaurants to the long-haul trucking industry. Needless to say, what I've seen so far hasn't particularly impressed me. It's become a cliche on the left to sniff in response, "try paying … [Read more...] about Labor scarcity and the Scandinavian model
Archives for October 2021
Inflation is a transfer from creditors to debtors (that means you)
Become a Patron! I have lately seen some very muddled thinking about supply chains and inflation, and I would like to remind confused readers of some very basic economics that will hopefully not only put your minds at ease, but possibly even lift up your spirits. Inflation is always and everywhere a monetary phenomenon Consider the citizens of a benevolent dictatorship … [Read more...] about Inflation is a transfer from creditors to debtors (that means you)