It's just telling that you've got an authoritarian playbook that sort of, at every pass, seems to be more focused on driving up corporate profits at the expense of the American people.
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Federal Reserve
… through their elected representatives in Congress.’ Over time, however, Congress has delegated that responsibility … through their elected representatives in Congress.’ Over time, however, Congress has delegated that responsibility … - page 731
… the impossibility of fine-tuning the money supply in real time, as well as to the moral hazard inherent in a political … the impossibility of fine-tuning the money supply in real time, as well as to the moral hazard inherent in a political … - page 731
… spending. Fiscal policy can be more effective if it is timely, targeted, and temporary.® An example from the … spending. Fiscal policy can be more effective if it is timely, targeted, and temporary.® An example from the … - page 733
… bailout. Such a reform should be given plenty of lead time so that banks can self-correct lending practices … bailout. Such a reform should be given plenty of lead time so that banks can self-correct lending practices … - page 733
… for inflation are now 5.8 percent above the prior all-time record levels of 2006.” The home-price-to-median-income … for inflation are now 5.8 percent above the prior all-time record levels of 2006.” The home-price-to-median-income … - page 734
… is for the dollar’s purchasing power to rise gently over time, reflecting gains in economic productivity. This … is for the dollar’s purchasing power to rise gently over time, reflecting gains in economic productivity. This … - page 736
… currency would disappear from circulation. There were times, for instance, when this mechanism put the US. on ade … currency would disappear from circulation. There were times, for instance, when this mechanism put the US. on ade … - page 737
… destabilization and supply-side destabilization in real time. There also are political considerations: Fed officials … … destabilization and supply-side destabilization in real time. There also are political considerations: Fed officials … - page 740
… January 24, 2023). See also Oliver Blanchard, “It Is Time to Revisit the 2% nflation Target,” Financial Times, November 28, 2022, https://www.f cacl20d25588 … January 24, 2023). See also Oliver Blanchard, “It Is Time to Revisit the 2% nflation Target,” Financial Times, … - page 742
The Case for Free Trade
… At the same time, sound trade policy - 11698 At the same time, sound trade policy requires humility. It is not a … The Case for Free Trade Page number 796 … At the same time, sound trade policy requires humility. It is not a … - page 796
… a democracy, the other side holds power about half of the time, but progressives run most agencies almost all of the time. A cardinal rule in public policy is not to give … a democracy, the other side holds power about half of the time, but progressives run most agencies almost all of the … - page 797
… real per capita gross domestic product (GDP) rose to an all-time record. Clearly, people who wanted to work were able to … real per capita gross domestic product (GDP) rose to an all-time record. Clearly, people who wanted to work were able to … - page 800
… ends. Technology and changing tastes displace six times as many workers as does trade, yet those workers get … ends. Technology and changing tastes displace six times as many workers as does trade, yet those workers get … - page 800
… 11770 American manufacturing output is currently at an all-time high. The record was not set during World War II and … 803 … American manufacturing output is currently at an all-time high. The record was not set during World War II and … - page 803
… each manufacturing worker’s productivity is also at an all-time high. The key to prosperity is doing more with less. … each manufacturing worker’s productivity is also at an all-time high. The key to prosperity is doing more with less. … - page 803
… of 104 million.*° Productivity growth has freed the time and talents of millions of people for other, additional … of 104 million.*° Productivity growth has freed the time and talents of millions of people for other, additional … - page 803
… Two presidential Administrations is a long time - 11793 Two presidential Administrations is a long time in politics, and the next conservative Administration will have a tough time getting tariff relief past a bureaucracy that dislikes … - page 805
… depends on its ability to adjust, but successful and timely adaptation is generally spontaneous in nature—the … depends on its ability to adjust, but successful and timely adaptation is generally spontaneous in nature—the … - page 805
… efforts. Technological change costs approximately six times more jobs as does trade (though, again, only in the … efforts. Technological change costs approximately six times more jobs as does trade (though, again, only in the … - page 805
… direction are possible. Technological change displaces six times as many workers as trade displaces, yet workers … alongside population, and real wages continue to rise over time. Trade-displaced workers should be eligible for the … direction are possible. Technological change displaces six times as many workers as trade displaces, yet workers … - page 806
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